Debit: bank deposit

Loans: short-term loans

(2) On the balance sheet date, the interest expense of short-term loans shall be calculated and determined.

Debit: financial expenses

Loan: direct payment by bank deposit.

Interest payable accrued at the end of the month.

Debit: financial expenses

Loan: interest payable

(3) Repaying the loan

Borrow: short-term loans

Loans: bank deposits

Extended data:

(1) On the balance sheet date, the interest expense calculated and determined according to the amortized cost and the actual interest rate shall be debited to such subjects as interest expense, construction in progress, financial expense and R&D expense, and the unpaid interest calculated and determined according to the contract interest rate shall be credited to this subject, and the long-term loan interest adjustment shall be debited or credited according to the difference.

② If the difference between the contract interest rate and the actual interest rate is small, the interest expense can also be calculated and determined by using the contract interest rate. The actual payment of interest, debit the subjects, credit "bank deposits" and other subjects.

(4) The credit balance at the end of this course reflects the unpaid interest payable by the enterprise.

Interest expenses incurred by enterprises to obtain short-term loans should generally be treated as financial expenses and included in current profits and losses. Banks or other financial institutions generally settle the loan interest at the end of the quarter, and do not pay interest in the first two months of each quarter.

According to the accrual basis principle, the interest expenses payable in the current month, even if not paid in the current month, should be treated as the interest expenses in the current month, and the amount of interest expenses in the current month should be estimated at the end of the month.

In the case that the amount of short-term loans is not large and the amount of interest expenses incurred in each month is not large, a simplified accounting method can also be adopted in each month of the year, that is, in the month when interest is actually paid, all of them are treated as financial expenses of the month.

Debit "financial expenses" and credit "bank deposits". However, at the end of the year, if there is loan interest that should be borne but not paid this year, it should be accrued, otherwise it will affect the calculation of annual income tax. ?

Short-term loan interest settlement method:

The interest settlement methods of short-term loans are divided into monthly payment, quarterly payment, semi-annual payment and one-time repayment of principal and interest at maturity.

The short-term loan interest of an enterprise is paid on a monthly basis, or the interest is paid together with the principal when the loan is repaid at maturity. If the amount is not large, it can be directly included in the current profit and loss when it is actually paid or notified by the bank of interest.

If the short-term loan interest is paid on schedule (such as quarterly payment), or the interest is paid together when the loan principal is repaid at maturity, and the amount is large, in order to correctly calculate the profit and loss of each period, the accrual method should be adopted, and it should be accrued monthly first, included in the current profit and loss, and paid at maturity.

Baidu Encyclopedia-Interest Payable