At the time of purchase:

Debit: materials in transit

Taxes payable-VAT payable (input tax)

Credit: accounts payable

When warehousing:

Borrow: inventory goods

Lending: materials in transit

When paying:

Debit: accounts payable

Loans: bank deposits

1. In order to comprehensively reflect and supervise the occurrence and repayment of accounts payable of enterprises, the account payable should be set up. The lender of this course registers the amount that the enterprise should pay for purchasing materials, materials and accepting labor services but has not paid.

Accounts payable registered by the borrower for repayment and accounts payable paid by commercial bills; The ending credit balance represents unpaid accounts payable. The subject should be classified and accounted according to the subsidiary ledger set by the supplier.

2. In order to account for and reflect all kinds of deposits deposited by enterprises in banks or other financial institutions, the Accounting System for Enterprises stipulates that the subject of "bank deposits" should be set up, in which the debit reflects the increase of enterprise deposits, the credit reflects the decrease of enterprise deposits, and the final debit balance reflects the balance of enterprise deposits.

Enterprises should conduct accounting and management in strict accordance with the system. Enterprises should deposit funds in banks or other financial institutions, debit "bank deposits" and credit "cash" and other related subjects; When withdrawing and spending deposits, debit "cash" and other related subjects and credit "bank deposit" subjects.

Extended data:

Main accounting treatment of accounts payable

(1) If the materials and commodities purchased by the enterprise have been inspected and put into storage, but the payment for them has not been paid, the subjects such as "material purchase" and "goods in transit" shall be debited according to the relevant documents (the actual price or provisional estimated value recorded in the invoice bill and the attached goods invoice), and the subjects such as "tax payable-value-added tax payable (input tax)" shall be debited according to the deductible value-added tax, and the subjects shall be credited according to the payable price.

When an enterprise purchases goods, when the supplier makes up for the loss caused by insufficient payment when delivering the goods, the debit will be recorded in the "accounts payable" and the credit will transfer the corresponding amount from the "profit and loss of pending property".

(2) The unpaid amount of the services provided by the supplier shall be debited to the subjects such as "production cost" and "management expense" according to the invoice bill of the supplier and credited to this subject. When paying, debit this account and credit "bank deposit" and other subjects.

(III) If the after-sale repurchase is used for financing, when goods and other assets are issued, the subjects such as "bank deposits" and "accounts receivable" shall be debited according to the amount actually received or receivable, and the subject of "tax payable-value-added tax payable (output tax)" shall be credited according to the value-added tax amount indicated on the special invoice, and the difference shall be credited to this subject.

The difference between the repurchase price and the original sales price shall be accrued with interest expenses on schedule during the after-sale repurchase period, debited to the subject of "financial expenses" and credited to this subject.

When repurchasing commodities, the account shall be debited according to the price of the repurchased commodities, the account of "tax payable-value-added tax payable (input tax)" shall be debited according to the deductible value-added tax, and the account of "bank deposit" shall be credited according to the actual amount paid.

Due to the frequent purchase and sale business of enterprises, the amount of bank deposits often changes. Enterprises should check the accounts with the bank in time, and the specific method is to check the statements provided by the bank with the enterprise deposit journal one by one. The balance on the bank statement is often inconsistent with the balance in the enterprise's deposit journal for the following reasons:

1, bookkeeping error. Accounting errors of enterprises or banks, such as enterprises opening accounts in multiple banks at the same time, may lead to cross-account errors between banks, and banks may also confuse the accounts of various deposit enterprises.

2. Unpaid accounts. Unsettled items refer to the events between enterprises and banks, which have been accounted for by one party but not by the other because of the different accounting time of the two parties.

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