Does the pawn company belong to a financial institution?

Pawnshops belong to financial institutions-Article 9 of the Regulations on Local Financial Supervision and Management promulgated in early 2022 stipulates that legally established microfinance companies, financing guarantee companies, regional equity markets, pawn shops, financial leasing companies, commercial factoring companies, local asset management companies and other institutions engaged in local financial business authorized by laws, administrative regulations and the provincial people's government authorized by the State Council belong to financial organizations.

Since it is a financial institution, it can be judged that the pawnshop is a financial institution and the pawn license is a financial license.

Accounting entries of loan loss reserve of pawnshop

On April 1 day, 2020, the loan balance of a construction bank that should withdraw the loan loss reserve was 654.38+0 billion yuan, and the loan loss reserve balance was 1 0 billion yuan. From June 30, 2006, 5438+0.1-June, the bank wrote off 30 million yuan of bad debts. The bank's loan balance with loss provision is 654.38+0.2 billion yuan. In June and June, 6,543,800,000 yuan of written-off bad debts were recovered, and in February, the balance of the bank's provision for losses was 654.38+065.438+0,365.438+0.

Then the loan loss reserve that the bank should set aside on June 30th is:120×1%-(1-0.3) = 0.5 (100 million yuan).

The accounting entries are as follows:

Debit: the sales expense is 50000000.

Loan: loan loss reserve is 50,000,000.

February 365438+February 3 1, the bank's loan loss reserve should be:1.1×1%-(1+0.2) =-0.1(one hundred million yuan).