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Under the Accounting System for Business Enterprises, how shall FIEs record their board (meal) expenses and account for their welfare budgets?

    1. Enterprises which provide meals for their employees free of charge shall recorded the board expenses under their welfare expenses.  
    2. For welfare budgets payable, FIEs shall add an item to their accounting statement: Welfare Payable, and transfer pension and other special funds, insurance contributions, and the balance of various state subsidies, employee awards and welfare funds from the item Wage Payable to Welfare Payable, and record two sub-items Welfare from Fees and Employee Awards and Welfare from After-tax Profits under Welfare Payable.