When borrowing money:
Debit: other receivables -A
Credit: cash
At the time of reimbursement:
Borrow: management fee
Credit: cash
When paying back the money:
Borrow: cash
Credit: other receivables -A
The difference with A direct repayment is that generally A direct repayment will make such an entry.
Borrow: management fee
Loans: other receivables -a
Cash (if the reimbursement amount is greater than the loan amount, otherwise it will be in the debit)
Current account is one of the most basic and important accounting treatment systems in today's accounting treatment. Beginners of accounting should pay attention to the fact that the book adjustment of current accounts must be based on the documents of banks (including experts) and cannot be adjusted casually.
Extended data:
Current account is one of the management methods for commercial enterprises to open accounts in banks. Banks and enterprises only account for deposits and loans in one account.
In terms of banks, deposits and loans to enterprises are registered in one account, and the loan amount of enterprises can be grasped at any time. As long as it does not exceed the approved loan amount, the bank can make payment or transfer according to the relevant documents.
For enterprises, deposits and loans in banks are also registered as an account. There is no need to go through the loan and repayment procedures one by one. If an enterprise buys goods or pays all kinds of money, it will increase the amount of bank loans, and the sales income of the enterprise will be sent to the bank, that is, the bank loans will be returned.
That is often said, "borrow it and sell it back." Enterprises adopting this accounting method only open a "bank loan" account in the general ledger. When paying or withdrawing cash, it should be recorded in the "Increase" column of the account.
When money is received or deposited, it is recorded in the "decrease" column of the account, and the balance reflects the actual amount of bank loans. If the balance is negative, it means bank deposit. When preparing accounting statements at the end of the month, it should be filled in the "bank deposit" item in the "fund table".
This method is generally suitable for enterprises with less self-owned funds and a large proportion of bank loans in working capital. First-and second-level wholesale enterprises in the commercial field often adopt this method, and some third-level wholesale enterprises and individual retail enterprises also adopt this method.
Its advantage is that it can simplify the accounting procedures of deposits and loans and improve work efficiency. Because this method is not convenient for banks to grasp the deposit and loan situation of enterprises separately, it has been cancelled and replaced by the deposit and loan household method.
Baidu encyclopedia-current account
Baidu encyclopedia-current account