Debit: bank deposit

Credit: accounts receivable

2. Remittances are also recorded as bank deposits, in the opposite direction. The entries are as follows:

Debit: accounts payable

Loans: bank deposits

3. Bank deposits refer to the monetary funds deposited by enterprises in banks and other financial institutions. According to the provisions of the national cash management and settlement system, every enterprise must open an account in a bank, which is called settlement account deposit, for deposit and withdrawal and transfer settlement.