1. When purchasing, general machinery and equipment shall be accounted for as fixed assets:

Borrow: fixed assets

Loans: Long-term loans

2. When paying interest in installments:

Borrow: fixed assets

Loan: interest payable

3. When actually paid:

Borrow: interest payable

Loans: bank deposits

4. If the principal and interest are repaid at the end of the period, the interest will be calculated for each period.

Borrow: fixed assets

Loan: Long-term loan-interest payable

5. When repaying at the end of the period:

Borrow: Long-term loan-principal

Long-term loans-interest payable

Loans: bank deposits

6, the purchase of fixed assets, according to the actual price paid.

Borrow: fixed assets

Loans: bank deposits

If it is a fixed asset to be installed, it should be transferred to the project under construction first, and then transferred to the fixed asset after completion. If capitalized, it is directly transferred to fixed assets; If it is not capitalized, it is directly treated as an expense.

Reply time: 202 1-03-03. Please refer to the latest business changes announced by Ping An Bank in official website.

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