Recently, Deep Space Network has received many messages from fans in the background, basically asking about the deposit. In this regard, the deep space network has sorted out everyone's questions and focused on the deposit.

How to make margin accounting entries?

Margin accounting entries:

Accounting treatment of payee

After receiving the deposit

Debit: bank deposit (cash on hand)

Credit: other payables

When the deposit is refunded

Debit: Other payables

Loan: bank deposit (cash on hand)

When the deposit cannot be refunded

Debit: Other payables

Loan: non-operating income

Accounting treatment of payer

When paying the deposit

Debit: Other receivables.

Loan: bank deposit (cash on hand)

Upon receipt of the refund

Debit: bank deposit (cash on hand)

Credit: other receivables

When the deposit cannot be refunded

Borrow: non-operating expenses

Credit: other receivables

How many kinds of deposits are there?

1. Account opening deposit

Account opening margin refers to the minimum deposit amount that a dealer requires customers to pay when opening a foreign exchange margin trading account.

Minimum deposit for opening an account: 100 USD.

2. Trading margin

Trading margin refers to the margin that traders require customers' accounts to have when they enter the market to buy or sell gold, that is, when they open positions.

London gold: 1000 USD/lot, London silver: 650 USD/lot.

Step 3 keep deposits

Maintenance margin refers to the minimum amount that the customer's margin can maintain the open position in the trading account during the position holding process. When the margin ratio of the customer account is 30%, the system will forcibly close the position.

London gold: 300 USD/lot, London silver: 195 USD/lot.

4. Lock margins

Lock-in refers to a transaction in which the customer manufactures the same product and the same quantity, but in the opposite direction. Lock margin refers to the margin collected for the position of the locked position, and the lock margin in the system is collected unilaterally.

5. Available profit

Available margin refers to the balance of the net margin of the customer's account minus the used margin.

6. Additional deposit

When the margin ratio of the customer account is less than or equal to 100%, a notice of additional margin will be received.