(1) Discount by enterprises to banks:
Debit: financial expenses of bank deposits.
Loans: short-term loans
(2) When the bill expires, the acceptor's bank deposit account is insufficient to pay, so the enterprise discounts it.
Accounting treatment is as follows:
Borrow: short-term loans
Loans: bank deposits
Debit: accounts receivable
Credit: notes receivable
(3) When the bill expires, when the balance of the bank deposit account of the acceptor and the discount enterprise is insufficient, it will be discounted.
The accounting treatment of the current enterprise is as follows:
Debit: accounts receivable
Credit: notes receivable
Discount of bills receivable without recourse:
(1) Discount by enterprises to banks:
Debit: financial expenses of bank deposits.
Credit: notes receivable
(2) When the bill expires, whether the acceptor pays has nothing to do with the discount enterprise, and the discount enterprise does not need to carry out accounting treatment.
Accounting treatment of the sale of creditor's rights receivable with recourse.
"Interim Provisions" stipulates the accounting treatment for the sale of creditor's rights receivable with recourse: "If an enterprise has recourse in the process of selling creditor's rights receivable, that is, if the relevant creditor's rights receivable cannot be recovered from the debtor at maturity, the bank has the right to recover from the enterprise that sold the creditor's rights receivable, or according to the agreement, the enterprise is obliged to buy back part of the creditor's rights receivable from financial institutions such as Bank of China at the agreed amount, and the bad debt risk of the creditor's rights receivable shall be borne by the enterprise that sold the creditor's rights receivable. In this case, it should be implemented in accordance with the accounting treatment principles of creditor's rights pledged loans in these Provisions. "
According to the above provisions, it can be seen that when the creditor's rights receivable with recourse are sold, the risk corresponding to the creditor's rights receivable has not been transferred, and the enterprise should still make provision for bad debts for this receivable. Its accounting treatment is:
1. At the time of sale:
Debit: Bank deposit (sales income)
Financial expenses (handling fee)
Loans: short-term loans
2. In the case of sales return:
Debit: Taxes payable for financial expenses of main business income-VAT payable (output tax)
Credit: Accounts receivable
3. The accounts receivable recovered by the bank may be higher, lower or equal to the part originally lent to the enterprise.
(1) If the recovered accounts receivable are equal to the part originally lent to the enterprise:
Borrow: short-term loans
Credit: Accounts receivable
(2) If the recovered accounts receivable are higher than the part originally lent to the enterprise, the bank shall transfer the overcharged part to the enterprise account:
Borrow: short-term loans?
bank deposit
Credit: Accounts receivable
(3) If the recovered payment is lower than that originally lent to the enterprise, the bank shall require the enterprise to repay it. If there are funds in the enterprise account, the bank will directly deduct the funds from the enterprise account according to the agreement. If the bank has no funds to deduct temporarily, the funds will still be kept as short-term loans:
Borrow: short-term loans
Credit: Accounts receivable
bank deposit
Borrow: short-term loans
Credit: Accounts receivable
4. If the due bank fails to recover the money, the bank will recover the money from the enterprise that sold the creditor's rights receivable, or according to the agreement, the enterprise is obliged to buy back part of the creditor's rights receivable from banks and other financial institutions in accordance with the agreed amount:
Borrow: short-term loans
Loans: bank deposits