The bank issues discount loans. The face value of the discounted bills is 65,438+00,000 yuan, without coupon rate. The discount period is 60 days, and the discount annual interest rate is 65,438+02%. The discount interest is calculated. Discount interest = maturity date × discount rate × discount period =10000×12% × (60 ÷ 360) = 200 (yuan)

Net discount = maturity value-discount interest = 10000-200 = 9800 (yuan)

Note that the maturity value = face value+face interest. If it is an interest-free bill, the maturity value = the face value of the interest-free bill.

The accounting entries for discounting interest-free bills are as follows:

Debit: Bank 9800.

Financial expenses 200

Credit: notes receivable 10000