Can an accepted commercial bill be reported lost and paid?

Of course. If a bill is lost, the loser can promptly send a notice to the payer of the bill to stop payment, except for bills where the payer is not recorded on the bill or the payer and his agent cannot be identified. The payer shall stop payment immediately after receiving the notice of loss reporting and stop payment. The person who loses the bill shall apply to the people's court for an announcement or bring a lawsuit to the people's court within three days after notifying the loss of the bill and stopping payment, or within three days after the bill is lost.

Risk warning: risk of bill loss: firstly, because the bill loser can't possess the bill, he can't exercise the rights recorded on the bill according to the Bill Law, such as transferring endorsement, applying for discount or requesting payment. Secondly, in the case of relative loss of bills, there is a potential risk that the bill loser may face the risk of illegal transfer, discount, fraudulent use or legal acquisition by a bona fide third party, thus causing losses to the bill loser.

What is the entry of a commercial acceptance bill?

The relevant accounting treatment of commercial acceptance bills is as follows:

1. Accounting entries for payment of commercial acceptance bills at the time of purchase:

Borrow: raw materials,

Taxes payable-VAT payable (input tax),

Loan: bills payable-commercial acceptance bills.

2. Accounting entries of commercial acceptance bills received at the time of sale:

Debit: bills receivable-commercial acceptance bills,

Loan: income from main business,

Taxes payable-VAT payable (output tax).

3, commercial acceptance bill discount accounting entries:

Debit: bank deposit,