How to write the accounting entry of housing mortgage loan?
Case: Enterprise A borrows from the bank 1 one-year mortgage loan 1000000 yuan, with an interest rate of 8%. How to make accounting entries?
1. When borrowing money:
Debit: bank deposit-RMB account 1000000
Loan: short-term loan-mortgage loan 1000000.
2. When repaying the principal and interest at one time:
Borrow: short-term loan-mortgage loan 1000000.
Financial expenses-interest expenses (100000× 8%) 80000.
Loan: bank deposit-RMB account 1080000
How to understand financial expenses?
Financial expenses refer to the financing expenses incurred by an enterprise to raise the funds needed for production and operation, including interest expenses (minus interest income), exchange gains and losses and related handling fees, discount interest incurred in discounting commercial bills, cash discounts incurred or received by the enterprise, etc.
Interest expense refers to the net amount of interest expense (except capitalized interest) such as short-term loan interest, long-term loan interest, bill payable interest, bill discounted interest, bond payable interest, and long-term interest payable on imported equipment minus interest income from bank deposits.
Exchange loss refers to the difference between the bank's buying price and selling price and the exchange rate used for bookkeeping due to the settlement or purchase of foreign exchange from the bank, and the difference between the foreign currency ending balance converted into RMB and the original RMB at the end of each month (quarter, year).
Relevant handling fees refer to the handling fees paid for issuing bonds (except capitalization), the handling fees of issuing banks, and the handling fees for adjusting foreign exchange. , but does not include the handling fee paid for issuing shares.
How to understand bank deposits?
Bank deposits are the monetary funds deposited by enterprises in banks or other financial institutions. According to business needs, enterprises open accounts in local banks, and use the opened accounts to handle deposits, withdrawals and various income and expenditure transfers.
According to the provisions of China's cash management system, every enterprise must open a deposit account with the People's Bank of China or a specialized bank for deposit and withdrawal, transfer and settlement. Except for a small amount of cash within the prescribed limit, the monetary funds of the enterprise must be deposited in the bank.
Bank deposits of enterprises mainly include: settlement account deposits, letter of credit deposits, foreign deposits, etc. The cashier is responsible for the receipt and payment of bank deposits. Every bank deposit income and expenditure business must prepare accounting vouchers according to the audited original vouchers.