Interest income from bank deposits is generally used to offset financial expenses. Because the balance of financial expenses is generally on the debit side, it can be expressed as a negative number on the debit side (red letter voucher).

When obtaining interest income:

Debit: bank deposit

Credit: financial expenses - interest income (red letter)

Debit: Bank deposits

Credit: financial expenses - interest income

Accounting entries for credit card deposit interest received

Debit: other monetary funds - credit card deposits

Credit: Financial expenses - interest income

Accounting

In order to calculate and reflect the various deposits deposited by the enterprise in banks or other financial institutions, the enterprise accounting system stipulates that " "Bank deposit" account, the debit side of this account reflects the increase in corporate deposits, the credit side reflects the decrease in corporate deposits, and the debit balance at the end of the period reflects the balance of the company's end-of-period deposits.

Enterprises should conduct accounting and management in strict accordance with the provisions of the system. Enterprises deposit funds in banks or other financial institutions, debit the "bank deposit" account, credit "cash" and other related accounts; withdraw and disburse When making a deposit, the "cash" and other related accounts are debited, and the "bank deposit" account is credited.