1. Clearing fund transactions refer to funds used for clearing between different banks, such as reserves for bills or inter-bank transfers (opening accounts at the People's Bank of China), clearing agency funds between banks, etc.

2. "Amounts deposited with the Central Bank" is an asset class account that accounts for various amounts deposited by enterprises (banks) with the People's Bank of China, including the allocation of business funds, handling intra-city bill exchanges and cross-system funds in different places Transfer, withdraw or deposit cash, etc. The statutory reserves and excess reserve deposits paid by enterprises (banks) in accordance with regulations are also accounted for through this account.

Clearing fund transactions refer to funds used for clearing between different banks, such as reserves for bills or peer payment transfers (opening accounts at the People's Bank of China), clearing agency funds between banks, etc.

Processing

1. This account accounts for the settlement of funds for business transactions between enterprises (banks).

2. This subject can be calculated in detail according to the fund transaction units, such as "intra-city bill clearing" and "credit card clearing".

3. Main accounting processing of intra-city bill clearing business.

(1) Submit a debit note, debit this account, and credit the "other payables" account. When a refund occurs, the "other payables" account will be debited and this account will be credited. If the refund time has passed and no refund has occurred, the "other payables" account will be debited and the "accounts for deposits" and other accounts will be credited.

Propose a credit memo, debit accounts such as "Accepting Deposits", and credit this account; make opposite accounting entries in the event of a bounced check.

(2) When the debit voucher is submitted, if the withdrawal voucher is correct, accounts such as "Accepting Deposits" will be debited and this account will be credited. If the account cannot be recorded due to reasons such as mistakenly withdrawing vouchers from other banks, the "other receivables" account will be debited and this account will be credited. When it is raised again, this account will be debited and the "other receivables" account will be credited.

If the credit voucher is correct, this account will be debited and the "acceptance deposit" and other accounts will be credited. If the account cannot be entered due to reasons such as mistaken withdrawal of bills from other banks, this account will be debited and the "other payables" account will be credited. When a check is returned or resubmitted, the "other payables" account will be debited and this account will be credited.

(3) If the difference between the withdrawal voucher and the withdrawal voucher is calculated and the balance is receivable, the account "deposit with the central bank" will be debited and this account will be credited; if the balance is payable, the opposite is done Accounting entries.

4. For other clearing business that occurs, the clearing funds received will be debited to "Amounts deposited with the Central Bank" and other accounts, and this account will be credited; when clearing funds are transferred, opposite accounting entries are made.

5. The debit balance at the end of this account reflects the liquidation funds receivable by the enterprise; the credit balance at the end of this account reflects the liquidation funds payable by the enterprise.