[luckycoin]

Thanks ratna1238, for your kind help …

As this is a F&B company, they prepared the lunch for its employees. Therefore, no monetary transaction is involved between the company and employees …

I trust that each time when such F&B company buys raw food, the entries would be dr stock cr cash …

So, before preparing lunch for its employees, shouldn’t they need to draw raw food from its stock to cook? IMO, the entries would be dr. employee benefits (exp) cr. stock … But still, I’m not too sure whether such entry is correct.

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