The accounting treatment of loans received is:
1. If the loan is within 1 year:
Debit: bank deposit
Loans: short-term loans
2. If the loan exceeds 1 year:
Debit: bank deposit
Loans: Long-term loans
How to write the summary table of accounting entries for loans from enterprises to individuals?
When an enterprise borrows money from an individual, it should sign a loan contract, which should include the borrower, the date of loan, the amount, the interest rate, the repayment date and other main contents. The loan interest can be negotiated by itself, but it shall not exceed 4 times of the bank's loan interest in the same period, otherwise it will be invalid. The taxes involved in this business include stamp duty and personal income tax, and do not involve other taxes and fees. Both parties pay stamp duty according to the transaction contract. Under normal circumstances, the stamp duty payable by individuals is withheld and remitted by the unit, and the total stamp duty is actually one thousandth. When paying personal interest expenses, individuals should pay income tax, and enterprises do not pay tax, but personal income tax is withheld and remitted by enterprises, and the tax rate is 20%. The specific accounting entries are as follows:
1. Loans received
Borrow: cash or bank deposit
Borrowing: short-term borrowing or other payables.
2. Collect stamp duty from individuals.
Borrow: cash or bank deposit
Borrow: Taxes payable-stamp duty
3. Pay stamp duty to the Inland Revenue Department
Borrow: Taxes payable-stamp duty
Borrow: management fees
Loan: bank deposit or cash.
4. Interest expenses shall be accrued on a monthly basis.
Debit: financial expenses
Borrowing: short-term borrowing or other payables.
5. Pay the loan principal
Borrow: short-term loans or other payables.
Loan: bank deposit or cash.
6. Pay loan interest and deduct personal income tax.
Borrow: short-term loans or other payables.
Debit: Taxes payable-withholding personal income tax.
Loan: bank deposit or cash.
7. declare and pay personal income tax to the tax bureau.
Debit: Taxes payable-withholding personal income tax.
Loan: bank deposit or cash.
How to write the accounting entry of the loan received by the enterprise? Bian Xiao shared the classification of loans, which can be used as a reference for work or study. In addition, although the object of corporate loans is generally banks, there are also cases of borrowing from individuals, so we need to learn its precautions. Let's take a closer look.