Debit: financial expenses-interest expenses
Loan: interest payable
2. When the enterprise accrues bank interest on long-term loans this month, the accounting entries are as follows:
Debit: financial expenses-interest expenses
Loan: interest payable
Long-term loan-interest adjustment
When an enterprise accrues bank interest on short-term loans or long-term loans this month, it can handle it through related secondary accounts such as "financial expenses" and "interest payable", in which the "interest payable" account is mainly used to calculate the interest payable by the enterprise according to the contract, including the interest payable for absorbing deposits, long-term loans to repay the principal in installments, corporate bonds, etc.