Enterprises borrow money from banks to develop their business, and the loans should be returned to the banks when they are due. At this time, the purpose of bank funds is to write loans, so it is generally written as "loans" for purposes. However, in some cases, the current account will be written according to the purpose, for example, if the enterprise pays the customer, then the purpose of the funds withdrawn from the bank account will be written as the current account. The main difference is that the current account is generally used for round-trip funds for a period of time and has liquidity, while the "loan" is a long-term paid loan without liquidity and interest.
The difference between loan and current payment is as follows:
1. Borrowing refers to the funds borrowed by enterprises from banks or other financial institutions, and generally requires interest payment. In all kinds of enterprise activities, the purpose of borrowing is to repay, and there is no liquidity, while the current payment occurs in an economic business activity between enterprises, that is, when other enterprises pay the goods to the enterprise, the enterprise will receive the current payment from other enterprises. This kind of capital is liquid, which means a certain economic business.
2. Borrowing is an illiquid long-term external borrowing, while current payment is a liquid short-term, which is the accounting subject caused by commercial and economic relations between enterprises.
Legal basis:
Article 9 of the Interim Measures for the Administration of Working Capital Loans
The lender shall agree with the borrower on a clear and legal purpose of the loan.
Working capital loans shall not be used for fixed assets, equity and other investments, and shall not be used for fields and uses prohibited by the state.
The working capital loan shall not be misappropriated, and the lender shall inspect and supervise the use of the working capital loan as stipulated in the contract.
Article 12
Lenders should put forward requirements on the methods and specific contents of application materials for working capital loans, and require borrowers to abide by the principle of honesty and trustworthiness, and promise to provide authentic, complete and effective materials.