Assets and liabilities * * * are of the same kind, usually indicating current accounts, with "4" as the first account number, such as "464 1 1", indicating universal deposit and withdrawal. Such subjects usually refer to some current accounts, and the so-called current accounts are financial accounts.
Their characteristic is that they need to define their nature from the direction of their final balance. The balance is shown as an asset on the debit side; The balance appears as a liability at the lender.
Specific examples of extended data:
For example, if we have an account in China Merchants Bank and then go to ICBC's ATM to withdraw money, then after the successful withdrawal, we will have less money in China Merchants Bank's account and less cash in ICBC's ATM. This money was advanced by ICBC for China Merchants Bank, and it was requested by China Merchants Bank. Therefore, ICBC must have a target indicating how much money it needs to borrow from China Merchants Bank.
China Merchants Bank should also have a subject, which is also used to mark how much money to give ICBC. This account is used to indicate accounts payable and accounts receivable. It is a current account. For ICBC, it is an account similar to assets (somewhat similar to accounts receivable, or it can be understood as short-term loans, in short, the funds advanced by ICBC first); At that time, China Merchants Bank used subjects similar to liabilities.
Because it is a business transaction between banks, the subjects used to identify assets and liabilities will be different. If it's an intra-bank transaction, it won't be so complicated (or it will be more complicated), and it will be done by one account, which will be used temporarily according to specific needs, sometimes indicating assets and sometimes indicating liabilities (in fact, the balance in the account is sometimes debit and sometimes credit).
Because this subject is neither an asset nor a liability, it is only temporarily used to express business dealings, and it is generally liquidated every day, which is called liquidation.
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