The expenditure of funds allocated and transferred by China Merchants Securities refers to the expenditure generated by the fund allocation, system settlement and transfer payment between the central and local governments at all levels, as well as the fund allocation generated by the budget balance at the corresponding level.

Total budget accounting has three general ledger accounts, namely, subsidy expenditure, the above-mentioned expenditure and transferred funds, which reflect the transfer expenditure of funds at all levels of finance. Debit when expenses are incurred and credit when they are recovered. Debit balance reflects the cumulative amount of various distribution expenditures.

China Merchants Securities Fund Allocation Contents:

1. Subsidy expenditure refers to the funds that the higher-level finance subsidizes the lower-level finance according to the provisions of the financial system or due to special needs, including tax refund expenditure, funds that should subsidize the lower-level finance according to the original financial system, special subsidies or temporary subsidies, etc.

2. The upper solution expenditure refers to the funds turned over to the higher level finance by the lower level finance according to the provisions of the financial system, including the funds directly transferred from the China Library of the budget at the corresponding level to the higher level finance, the funds turned over to the higher level finance through system settlement and various special upper solution funds;

3. Transfer payment funds refer to the funds transferred from the balance of additional income of local fiscal taxes and fees in the fund budget to supplement the general budget.

Refer to the above content: Baidu Encyclopedia-Fund Transfer Expenditure