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Borrow short-term loans 1000 yuan, with annual interest rate 12%. How to make accounting entries?
Borrow short-term loans 1000 yuan.

Debit: bank deposit/cash 1000

Loan: short-term loan 1000.

One-time payment interest rate

Loan: financial expenses-interest expenses (1000 *12%)/12 * loan months or (1000* 12%)/365* loan days.

Loan: bank deposit/cash (1000 *12%)/12 * loan months or (1000* 12%)/365* loan days.

When paying the loan, together.

Borrow: short-term loan 1000.

Financial expense-interest expense ratio

Loan: bank deposit/cash 1000+ interest rate.