First of all, the nature of advance payment is an asset account, which is generally a part of the money paid to the supplier in advance by the enterprise before the economic business occurs.
Therefore, corresponding to the lending rules of asset accounts, the debit amount of prepayments indicates an increase and the credit amount indicates a decrease. At the end of the period, if the balance of prepayments is on the debit side, the prepayments in the assets shall be listed, and if it is on the credit side, the payables shall be listed.
Example: Company A purchased a batch of goods from Company B, with a contract price of RMB 654.38+10,000, and a down payment of RMB 654.38+10,000 from Company B in advance. The accounting entries are as follows:
Debit: prepaid account 10000
Loan: bank deposit 10000.
Borrow: materials in transit 100000
Loan: accounts payable 100000
At this point, the advance payment is debited, indicating an increase.
Connected, after the goods are put into storage, Company A pays the balance of 90,000 yuan:
Debit: accounts payable 100000
Credit: prepaid account 10000
Bank deposit 90 thousand
At this point, the advance payment is in the credit, indicating a decrease.
The debit of prepayment is negative, that is, the credit of prepayment is positive or the credit of accounts payable is positive. The debit of advance payment is negative, and it should be positive.
Advance payment is a record of unfinished payment, which is a record before the transfer of ownership of goods; Accounts payable are records after the ownership of goods is transferred.
Is the balance of advance payment debit or credit? Theoretically speaking, prepayments belong to asset subjects, so there is a debit balance at the end of the period, reflecting prepayments. However, if the advance payment is less and more materials and commodities are received, there will also be a credit balance in the advance payment, reflecting the advance payment that should be paid for the purchase of commodities.
Example: payment in advance 1 0,000 yuan, materials actually received 1 0,000 yuan, value-added tax 1, 70 yuan.
Debit: advance payment 1000.
Loan: bank deposit 1000.
Borrow: raw materials 1000
Taxes payable-VAT payable (input tax) 170
Loan: prepayment 1 170.
In this case, the credit balance of the prepayment is 65,438+070 yuan, reflecting that the payment should be 65,438+070 yuan.
In my subsidiary ledger, accounts receivable, debit: 43483.30. Prepaid account, debit: 55493.79 accounts payable, debit 17750.40. Creditor 14799 According to the provisions of the enterprise accounting system, in the balance sheet:
1. The "Accounts Receivable" item reflects all kinds of money that an enterprise should collect from the purchasing unit before selling goods, products and providing services, minus the provision for bad debts. This item should be filled in according to the total debit balance of each detailed account of the account receivable, minus the ending balance of the account of bad debt provision.
If there is a credit balance in the detailed account of accounts receivable at the end of the period, it should be filled in under the item of "accounts received in advance" in this form.
2. "Prepaid account" item, which reflects the amount paid by the enterprise to the supplier in advance. This item should be filled out according to the total debit balance at the end of each detailed account under the account of "advance payment". If there is a credit balance at the end of the relevant detailed account of "Prepaid Account", it should be filled in under "Accounts Payable" in this table. If there is debit amount in the detailed accounts payable, it should also be included in this item.
3 "Accounts payable" item, which reflects the amount that an enterprise should pay to suppliers for purchasing raw materials, commodities and accepting labor services. This item shall be filled out according to the total ending credit balance of all relevant detailed accounts under "Accounts Payable"; If there is a debit balance at the end of each detailed account of "Accounts Payable", it should be filled in under the item of "Prepaid Accounts" in this form.
4 "accounts received in advance" project, reflecting the accounts received by the enterprise in advance by the pre-purchasing unit. This item should be filled out according to the sum of the ending credit balances of all relevant detailed accounts under the account of "advance receipts". If there is a debit balance in the related detailed account of "accounts receivable in advance", it should be filled in the "accounts receivable" item in this form; If there is a credit balance in the detailed account of accounts receivable, it should also be included in this item.
There should be no negative data in the above four items in the balance sheet.
So according to the detailed description you provided.
Accounts receivable: 43,483.30
Prepaid account: 55,493.79+65,438+07,750.40 = 73,244.438+09.
Accounts payable:147,990.00
Is the debit balance of accounts payable the credit balance of prepayments? 1, accounts payable, which reflects the amount that an enterprise should pay to suppliers for purchasing raw materials or accepting labor services. When filling in the form, this item should be filled in according to the total credit balance at the end of each related detailed account to which accounts payable belongs, and the debit balance should be filled in the prepaid account.
2. Prepayments reflect the amount paid by enterprises to suppliers in advance. When filling in the form, this item should be filled out according to the ending balance of the "prepaid account" subject. If there is a credit balance in the related detailed account of "prepaid account", it should be filled in the "accounts payable" item in this form. If there is a debit balance in the "Accounts Payable" detailed account, it should also be included in this item.
Does the debit of accounts payable represent the credit of prepayments? The credit balance of accounts payable represents the money owed to the outside world, and the accounting entries for repayment are:
Debit and accounts payable xxx
Loans, cash (or bank deposits)
Answer over
Creditor's rights receivable are accounts receivable in advance, advance loan is the advance loan of accounts receivable, advance loan of accounts payable and advance loan of accounts payable is the advance payment, right? Account balance: accounts receivable is the advance loan of accounts receivable, accounts payable is the advance loan, and accounts payable is the advance payment pair.
Lenders and borrowers who prepay cannot understand this. Accounting debt and creditor's rights accounts should be balanced at the end of economic business.
For example, if you buy 30,000 items and pay 1 1,000 yuan in advance, you should do so.
At the time of the first advance payment
Debit: prepayments of 6,543,800+0,000.
Loan: Bank deposit is 6,543,800 yuan.
When the goods are received
Borrow: 30,000 yuan for raw materials
Loan: 30,000 yuan in advance.
After receiving the goods of 30,000 yuan, only 1 10,000 yuan was paid in advance, which is not enough. We have to pay another 20,000 yuan to settle the debt.
So do it when you go to the bank to make up the money.
Debit: 20,000 yuan in advance.
Loan: 20,000 yuan from the bank.
Advance payment only plays a transitional role, and the main bodies that will eventually change are bank deposits and raw materials. You'll know what's going on when you put these three payments into the T-account.
In view of the example just now, it can actually be done.
1 Debit: prepayment 1 ten thousand.
Loan: Bank deposit is 6,543,800 yuan.
2 Borrow: 6,543,800 yuan of raw materials.
Loan: Prepaid account is 6,543,800 yuan.
A total of 30 thousand pieces of raw materials have been collected, and there is still a gap of 20 thousand. This 20 thousand goods is actually a direct payment of 20 thousand, so
3 Borrow: 20,000 raw materials.
Loan: 20,000 yuan from the bank.
Both methods can be used, but basically the first one is used, because it is not very clear to receive 30 thousand goods at a time and record them twice.
About the lender of advance payment? 1, prepaid purchase account:
Debit: advance payment -XXX company-10000
Loan: bank deposit-10000.
2. Received the purchase invoice with the amount of 65,438+05,000 yuan, and the prepayment amount is insufficient, so the difference needs to be filled:
Borrow: Inventory materials-15000
Loan: prepayment-10000
Bank deposit -5000.
3. After receiving the purchase invoice, the amount is 8,000 yuan, and the prepayment is 2,000 yuan, which is converted into accounts receivable:
Borrow: Inventory materials -8000
Accounts receivable -XXX Company -2000
Loan: prepayment-10000
Note: The above is an example, please compare it and see what kind of situation you belong to. If there is any other situation, please communicate.