Discount amount obtained by interest-free discount of bills = maturity value of bills-face value × discount rate × discount period.
The payment period of commercial bills in China is no longer than 6 months, which can be divided into interest-bearing bills receivable and non-interest-bearing bills receivable according to whether they bear interest or not. When an interest-bearing commercial bill expires, the payee collects the payment amount from the acceptor according to the face value and accrued interest of the bill.
Debit the account of "bank deposit" and credit the account of "notes receivable (face value)" and "financial expenses"; When an interest-free commercial bill expires, it is relatively simple to calculate and only needs to be charged according to the face value of the bill.
The discount interest paid to the bank for bill discount should be credited to the account of "financial expense", that is, when the bill is discounted, the account of "bank deposit" (the difference between the maturity value and the discount interest paid) and the account of "financial expense" (the discount interest paid to the bank) should be credited to the account of "bill receivable".
Extended data:
Application conditions
1. The applicant for discounting commercial acceptance bills must be approved by the State Administration for Industry and Commerce or the competent department.
Enterprises, institutions, legal persons or other economic organizations approved for registration.
2. The discount applicant has a real and legal transaction relationship with the drawer or immediate predecessor, and can provide the corresponding commodity transaction contract and VAT invoice.
3. The commercial acceptance bill transaction contract that needs to be discounted must be legal and complete, that is, the discounted commercial acceptance bill must conform to the Bill Law and meet the requirements of the issuance, endorsement and acceptance clauses of commercial acceptance bills stipulated by the system, and there are no words such as "non-negotiable" and "pledge" on the bill.
4. Post the current deposit account.
5. The discount applicant has good economic benefits and credibility.
6. Other conditions required by the bank.
Application material
1. Original business license or institution legal person certificate, organization code certificate and loan card after annual inspection.
2. Commercial acceptance bills with continuous endorsement, complete form and no maturity date.
3. The original of the authentic and legal commodity or service transaction contract signed by both parties to the transaction, or other written certificates that can prove the authenticity of the commodity or service transaction relationship.
4. Original VAT invoice of the drawer (or immediate predecessor).
5. Last year and recent financial statements. If the guarantee is provided by way of guarantee, the financial statements of the guarantor in the previous year and the recent period shall also be provided.
6. Post other materials that need to be submitted at present.
Baidu encyclopedia-commercial bill discount