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How do property companies make entries when purchasing security clothes?
Make entries according to the amount:
1, if the amount is large, it can be included in the prepaid expenses or the management expenses in installments.
Debit: prepaid expenses loan: bank deposit
Debit: management expense loan: prepaid expenses.
2, the amount is small, directly into the management fee.
Borrow: management fee loan: bank deposit
Management expenses refer to the expenses incurred by the administrative department of an enterprise for organizing and managing production and business activities. Management expenses belong to the period expenses and are included in the current profit and loss when incurred.
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