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.