1. If the deposit is received from the other party, it will be recognized as a liability and included in other payables. The entries are as follows:
Debit: bank deposit
Loan: other payables-security deposit
2. If the deposit is paid to the other party, it is recognized as an asset and included in other receivables. The entry is as follows:
Debit: Other receivables-security deposit
Loans: bank deposits
Extended data
In case of various payables, temporary receipts or refunds, the enterprise shall debit "bank deposits" and "management fees" and credit "other payables"; When making relevant payments, debit the account of "other payables" and credit the account of "bank deposit".
The funds transferred by the enterprise through after-sale repurchase shall be debited to the subject of "bank deposit" and credited to the subject according to the actual amount received. The difference between the repurchase price and the original sales price shall be accrued with interest expenses on schedule during the after-sale repurchase period, debited to the subject of "financial expenses" and credited to this subject. When buying back the goods as agreed in the contract, the account shall be debited according to the actual amount paid and credited to the account of "bank deposit".
The accounting of other payables usually includes the following aspects:
1. Rent, such as the rent payable for fixed assets or packaging materials under operating lease; Deposits received include commodity quality deposit, bid deposit, dealer deposit, equity transfer deposit, income package deposit, etc. ;
2. Accrued expenses, such as accrued advertising expenses, transportation expenses, management fees, sales discounts and other expenses;
3. Employee pension, severance payment, employee stock ownership plan, etc. ;
4. Loans or investment funds, such as loans owed to shareholders or related parties;
5. Temporary advances from other units or individuals; Other payables, temporary receipts, etc.
From the accounting content of other payables, this account can be regarded as a legacy account, reflecting the unpaid payables of the enterprise at the end of the period, which belongs to a liability.
Baidu encyclopedia-other payables