First of all, the "long-term payables" account of public institutions accounts for the payables of public institutions with a repayment period of more than 1 year (excluding 1 year), such as lease fees for fixed assets rented under financial leases, multi-year Installment payment for purchasing fixed assets, etc.

Secondly, the "non-current assets fund" account belongs to the net assets category, with detailed accounts such as long-term investment, fixed assets, construction in progress, and intangible assets. Among them, "non-current asset fund-fixed assets" is the former "fixed fund".

Public institution accounting is different from enterprises. When registering expenditures on fixed assets, net assets (fixed funds) must also be registered at the same time.

This set of entries is like the one you wrote

Debit: business expenses (included in expenditures, and will be carried forward to the debit of the "balance" account in the future)

Credit: Bank deposits

At the same time

Debit: long-term payables (multi-year financing charges or installments)

Credit: non-current assets fund-fixed assets (included in Net assets)

If it is not an installment payment, this set of entries is

Debit: Business expenses

Credit: Bank deposits

Debit : Fixed assets

Credit: Non-current assets fund-fixed assets (formerly fixed fund)

Credit inclusion is to confirm the net assets of the public institution. This is where the accounting system of public institutions differs from that of enterprises. Net assets must be recognized regardless of whether long-term payables are included.