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In restaurants , is it necessary to open an account for the rice in the GL ?

In restaurants , is it necessary  to open an account for the rice in the GL ?

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Question added by Othman Al Dali , مراقب مالي , انماءات البلاد للتطوير و الاستثمار
Date Posted: 2016/10/06
Waleed Abdul Kader
by Waleed Abdul Kader , مدقق محاسبة رئيسي Senior Auditor، مدير موقع www.f2aw.com , يسري وشركاه لتدقيق الحسابات Youssry & Co Auditing

rice is inventory , so if your program manual inventory , so all inventory had one account in GL and rice will be item in inventories and in this way you will used something like assemble  , but if you not had u can open inventory with parts like rice and other

and you make the cost by transfer from inventory to cost of sales

Thanks & Regards

Tomasz L
by Tomasz L , Reporting Specialist , Outworking

I agree with previous answers, rice is part of inventories (you can also manage the rise costs by controlling suppliers accounts or just create analytics on your cost accounts)

Wilfredo Quito
by Wilfredo Quito , Accounting Manager , DDC LAND INC.

Rice is part of your inventory. once you disposed it you debit  the Cost of good sold and credit inventory.

Hussein Mostafa Salem Radwan
by Hussein Mostafa Salem Radwan , مدير مالى , مجموعة شركات الترا اليتينج تكنولوجى ) لالضاءة – لالستيراد والتصدير – الترا باور – اوميجا – بيجا – ال

I agree with Professor answer / Waleed Abdul Kader

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