Debit: Bank deposit-basic deposit account
Loan: bank deposit-deposit account
2. Open a bank acceptance bill to purchase raw materials and fixed assets respectively.
(1) When purchasing raw materials
Borrow: raw materials
Debit: Taxes payable-VAT (input tax)
Credit: notes payable
(2) When purchasing fixed assets
Borrow: fixed assets
Credit: notes payable
(3) When the bill is accepted at maturity.
Debit: notes payable
Loans: bank deposits
Extended data:
After a commercial bill is drawn and accepted, it shall be debited to "goods in stock" and "accounts payable" and credited to "notes payable".
For example, a property management company bought 20 security doors, each 600 yuan, and drew a four-month interest-free commercial acceptance bill to pay for the goods according to the contract. In addition, we owe 4 600 yuan to Red Brick Factory, and now we pay by a two-month interest-free commercial acceptance bill. According to the commercial acceptance bill, the accounting entries are as follows:
Borrow: goods in stock-security door 12 000
Accounts Payable-Red Brick Factory 4 600
Credit: notes payable 16 600
Return the payment of the red brick factory within 2 months. According to the payment voucher, make the following accounting entries:
Debit: Notes payable 4 600
Loan: bank deposit? 4 600
If the commercial bill issued and accepted cannot be paid on time, when the bill expires and no new bill is issued, the book balance of "notes payable" should be transferred to the account payable.
Wait for the next payment, and then do different accounting treatment according to different payment methods. Payment by deposit shall be credited to the subject of "bank deposit"; If the bill is reissued, it will be credited to the "bill payable" account.
When a bank accepts a bill of exchange, the enterprise is unable to pay the bill when it expires, and if the accepting bank unconditionally pays the holder, the amount of the bill unpaid by the drawer will be converted into overdue loans; And collect penalty interest at the rate of five ten thousandths per day.
When an enterprise that draws a bill cannot pay the bank acceptance bill when it is due, it should debit the "notes payable" and credit the "short-term loan" when it receives the relevant vouchers such as "draft X X, unpaid loan account" transferred from the bank.
Baidu encyclopedia-notes payable