1. Closing an account in basic deposit account is actually closing an account from one bank and opening an account in another bank. The basic principle of accounting is to transfer money from one bank account to another, which refers to the transfer between sub-accounts of bank deposits. The entries are as follows:

Debit: bank deposit-bank a.

Loan: bank deposit-bank B.

As for the expenses incurred in opening and closing accounts, they are included in financial expenses or management expenses.

Debit: financial expenses/management expenses

Loan: bank deposit.

Extended data:

Measures for the administration of bank accounts

Article 25 When a depositor cancels his account, he must check the account balance with the bank where he opened the account, and go through the formalities of canceling the account after the bank has approved it.

When the depositor cancels the account, he should return all kinds of important blank vouchers and account opening licenses.

Article 26 After canceling basic deposit account, depositors may open new accounts in other banks in accordance with the provisions of these Measures.

Article 27 For an account that has not been received and paid for one year (calculated on a monthly basis), the account opening bank shall notify the depositor to handle the account cancellation procedures within 30 days from the date of issuing the notice, and it shall be deemed as automatic account cancellation after the deadline.

Chapter IV Account Management and Responsibility

Article 28 The People's Bank of China is responsible for coordinating and arbitrating disputes over the opening and use of bank accounts, supervising and auditing the establishment and opening of bank accounts, correcting and punishing acts violating the provisions of these Measures, and issuing and managing account opening licenses.

The account opening permit shall be uniformly made by the head office of the People's Bank of China.

Article 29 An account-opening bank shall be responsible for auditing the opening and closing of accounts in accordance with the provisions of these Measures, correctly handling the opening and closing of accounts, establishing and improving the registration system of expense accounts, establishing account management files, and regularly reconciling accounts with depositors.

When a bank cancels basic deposit account, opens or cancels a general deposit account, a temporary deposit account and a special deposit account, it shall report to the local branch of the People's Bank of China within 7 days from the date of opening or canceling.

Baidu Encyclopedia-Measures for the Administration of Bank Accounts