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You own a small restaurant and donate food to non profit event How do you record the journal entry Debit Donations and credit what account?
Credit Food Inventory
Expenses for restaurant business?
Typical expenses incurred by a restaurant are, Labor, Food & beverage, paper products, dishware, cookware, utinsels, cleaning products, repair and maintenance, courier charges, advertising and marketing, legal counsel (for when customers sue you), and utilities.
What are expences?
Expenses are things that cost a person money on a regular basis. Some examples of expenses are, electric bill, car payment, clothes, and food.
What is the difference between fixed expenses and flexible expenses?
A fixed expense is an expense that will cost you the same month by month. Such as rent, mortgage, car payment, student loans, ect. Flexible expense, refers to expenses that vary month by month, like your gas, phone, and electric bill. Flexible expenses may also include money budgeted for clothes,food, entertainment, and savings. Things that may not cost you the same month to month. It's important to know the difference so you can budget accordingly. Source: http://answers.yahoo.com/question/index?qid=20071101143515AABFl80
What is meaning of profit?
The term profit is loosely used, and it is hard to actually define profitability. One way to explain the meaning of profit would be to take the difference between the revenues from the goods sold and the cost of those goods. Example: You sell $100 worth of food that cost you $50 to get. Revenue = 100 Cost of goods = 50 = PROFIT = $50 I believe this is otherwise known as "Profit Margin" But businesses are faced with other expenses such as... the cost for a chef to make the food. Let's say it costs $20 Chef/Kitchen expense: $20 PROFIT AFTER ALL EXPENSES: $30 Profit after all expenses is better known as Net Income. As you can see, it is hard to actually distinguish what profit is... and I believe that the most agreed upon answer would be Revenue-COST OF GOODS and does not include any expenses afterwards such as kitchen expense.
What journal entry is needed to debit for food sales?
Debit accounts receivable / cashCredit food sales revenue
According to the rules of etiquette what does it mean to go dutch?
It means each person pays for his/her own food and drink or tickets or whatever other expenses are incurred.
You own a small restaurant and donate food to non profit event How do you record the journal entry Debit Donations and credit what account?
Credit Food Inventory
Expenses for restaurant business?
Typical expenses incurred by a restaurant are, Labor, Food & beverage, paper products, dishware, cookware, utinsels, cleaning products, repair and maintenance, courier charges, advertising and marketing, legal counsel (for when customers sue you), and utilities.
When was Journal of Food Science created?
Journal of Food Science was created in 1936.
When was The Journal of Food Science Education created?
The Journal of Food Science Education was created in 2002.
need food stamps,housing moving expenses.?
requeire assistanfecenfed for food samps and moving expenses.
What other living expenses are there other than rent and food?
The living expenses varies between persons. Typically some other living expenses other than rent and food are electricity, gas and water and sewer expenses.
What is the biggest expenses with a large family?
food
What are the average food expenses in Canada?
The average food expenses in Canada amount to about $22 for daily meals. There are other options which are cheaper but may not be sufficient.
What causes the release of gastric juice during the gastric phase?
Entry of food into the stomach and distension of the stomach
Why should one keep a food journal?
A food journal usually contains all the foods you have eaten in a given day, the amounts, and the number of calories or fat. You can purchase a food journal at many bookstores that you can fill in with this info. Many of these also have exercise and weight loss tips.
