The accounting entry of raw material inventory loss is divided into two steps: before the inventory loss is approved and after the approval. The entries are as follows:

Before the approval process:

Debit: loss and surplus of pending property-loss and surplus of pending current assets,

Borrow: raw materials -xx materials.

After the approval process:

Borrow: management fee,

Other receivables-insurance premium,

Loan: loss and surplus of pending property-loss and surplus of pending current assets,

Indemnities payable by insurance companies and negligent persons shall be classified as "other receivables".