First, it is priced according to the contract amount signed between the enterprise and the real estate development company. The interest actually paid by the mortgage loan before the delivery of the house is included in the "construction in progress" and after the delivery of the house is included in the "financial expenses";
Second, pricing is based on the sum of principal and interest determined by the purchase contract signed between the enterprise and the real estate development company and the loan contract signed with the bank;
Third, the fixed assets are valued according to the contract amount signed between the enterprise and the real estate development company, and the original price of the fixed assets will be adjusted when the bank interest is paid in the future.
The first method is the most reasonable, because mortgage is a financing behavior of the company, and mortgage loan is a special loan. Interest expenses should be treated according to the borrowing cost standard, and included in the construction in progress before the delivery of assets, and included in the fixed assets after delivery, and accounted for according to the actually paid interest. Prepaid interest does not require accounting, so as to simplify accounting. The second method capitalizes all the expenses incurred in financing and adjusts the original price of fixed assets in the case of early repayment. The third method is to adjust the original price of fixed assets with the payment of each mortgage, which is not feasible in practical work.
The specific accounting treatment of the first method is as follows:
(1) When purchasing real estate, pay the down payment according to the contracted house purchase price and the determined down payment ratio, and pay the remaining house payment after obtaining the loan from the bank, debit "construction in progress or fixed assets" and credit "bank deposit".
(2) Mortgage loans from banks, debit "bank deposits" and credit "long-term loans".
(3) Pay interest to the bank (whether equal principal repayment or equal repayment), debit "long-term loan", "construction in progress or financial expenses" and credit "bank deposit".