When an enterprise accrues short-term loan interest, according to the provisions of the Accounting Standards for Business Enterprises, when an enterprise accrues short-term loan interest, it should be recorded in? Financial expenses? The debit and accounting entries of this subject should be filled in the following format: when the enterprise has interest, it will debit the financial expenses and credit the interest payable. When an enterprise repays the short-term loan interest, it borrows: interest payable (interest accrued in the previous period), financial expenses (interest generated in the current period) and loans: bank deposits. When the enterprise returns the principal of short-term loan: short-term loan, loan: bank deposit.

Short-term loans (short-term $ TERM loans) refer to all kinds of loans borrowed by enterprises from banks or other financial institutions with repayment period within one year, including production revolving loans and temporary loans.

In contrast, it is a long-term loan. As far as accounting practice in China is concerned.

Short-term loans refer to all kinds of loans that enterprises borrow from banks, other financial institutions and other units to maintain normal production and operation or offset a certain debt, and the repayment period is within one year (including one year).

Short-term loans mainly include operating revolving loans, temporary loans, settlement loans, bill discount loans, seller's credit, advance deposit loans and special reserve loans.

The accounting of short-term loans mainly includes three aspects: first, the accounting of obtaining loans (when an enterprise borrows from a bank or other financial institution, it should sign a loan contract, indicating the loan amount, loan interest rate and repayment time, etc.). ); Second, the accounting of loan interest; Third, the accounting of loan repayment.

Short-term loans are generally short-term loans, which are usually recorded according to the amount obtained on the day when the loan is obtained.

Short-term loan interest expense is the expense incurred by enterprises to raise funds in accounting activities, and should be included in the current profit and loss as a financial expense. Due to the different payment methods of interest, its accounting is not exactly the same.

Short-term loan interest is charged on a monthly basis, or the principal and interest are repaid at one time, but the interest amount is not large, and the interest expense can be directly included in the current profit and loss; If the interest on short-term loans is collected quarterly (or semi-annually), or the principal and interest are repaid at one time.

However, when the interest amount is large, monthly withholding, confirmation and expenses can be carried out by withholding.

Global Ivy Friendship Tip: Are the above accounting entries for paying short-term loan interest? ] the answer to the question, I hope it will help everyone!