Last month, we implemented the accounting standards for small businesses and bought some bank wealth management products. How to make accounting entries?

1, implementing the accounting standards for small businesses, and the accounting treatment for purchasing some bank wealth management products last month is as follows:

Borrow: other monetary funds-wealth management products

Loans: bank deposits

2. Wealth management products, that is, a wealth management product designed and issued by commercial banks and formal financial institutions themselves, put the raised funds into relevant financial markets and purchase relevant financial products according to product contracts, and then distribute them to investors according to the contract after obtaining investment income.

3. Other monetary funds refer to various monetary funds except cash and bank deposits, that is, monetary funds with different storage locations and uses from cash and bank deposits. Including foreign currency deposits, bank draft deposits, bank promissory notes deposits, credit card deposits and monetary funds in transit.

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