Interest payable to borrowers means less debt. There is something wrong with the statement of "accrued interest". Your current entry is borrowed: financial expenses are accrued. If you pay interest, you should have a good understanding of the interest payable on bank deposits.

Second, accrued short-term loan interest.

Short-term loan interest is accounted for by interest payable, borrowing: financial expense loan: interest payable.

Generally, it is accrued monthly and paid quarterly.

Three. Accrued short-term loan interest entry

1. Accounting treatment for obtaining loans:

Debit: bank deposit

Loans: short-term loans

2. To calculate loan interest, first calculate monthly interest = annual interest rate of loan principal112. If the loan pays interest on schedule, the accounting entry is:

Debit: financial expenses

Loans: bank deposits

If it is a loan that repays the principal and interest at one time, the accounting entry is:

Debit: financial expenses

Loan: interest payable

3. The accounting of loan repayment is also based on the different ways of interest payment, and the accounting entries are treated as follows:

(1) If interest is calculated and paid on schedule, the accounting entries are:

Borrow: short-term loans

Loans: bank deposits

(2) If the principal and interest are repaid in one lump sum, the accounting entries are:

Borrow: short-term loan-interest payable

Loans: bank deposits

Extended data:

Interest-bearing refers to one-time repayment of principal and interest or installment interest after maturity. According to the accrual basis of enterprise accounting system, enterprises need to accrue interest that should be paid in the current period but not paid in the current period at the end of the current period.

The accrual of interest is based on the agreement reached by both parties to the foreign currency-RMB transaction. In a certain transaction type, the principal of both parties is not liquidated, but only for interest.

For example, in a simulated transaction, the maturity date of foreign currency and RMB is delayed by three days, and the interest is settled in three days. The interest on the liquidation day is accrued once a day until the last day of liquidation, which is called interest calculation.