1. This account accounts for funds from financial assets, such as bills and loans. , the enterprise buys first and then resells it at a fixed price according to the resale agreement.
Two, this course can be based on the types of financial assets bought and sold back and the financing party for accounting.
Three, the main financial treatment of buying and selling financial assets
(1) When an enterprise purchases financial assets according to the resale agreement, it shall debit the account according to the actual amount paid, and credit the accounts such as "central fund deposit", "settlement reserve" and "bank deposit".
(2) On the balance sheet date, according to the calculated interest income of financial assets bought and sold back, debit the account of "interest receivable" and credit the account of "interest income".
(3) On the resale date, debit the subjects such as "money deposited in the central bank", "settlement reserve" and "bank deposit" according to the actual amount received, credit this subject and "interest receivable" according to its book balance, and credit "interest income" according to its difference.
Four. The debit balance at the end of this course reflects the amortized cost of financial assets purchased by enterprises that have not been sold back.
Characteristics of buying and selling back financial assets;
The accounting subject of buying financial assets for resale is the buyer; The purchase targets are bills, securities, loans, etc. ; The purchase method is agreed transactional financial assets, repurchase and resale agreement or enterprise's own purchase; The selling transaction object is the original seller; Its characteristic is that the two sides reach an agreement and the resale price is fixed; The essence is to lend money in the form of mortgage through the trading market; Collateral is generally bonds; You are the lender and get the mortgage; This course carries out detailed accounting by category and financing party.
Enterprises can also buy securities (including monetary funds) on their own (without agreement) on the premise of meeting the requirements of capital utilization, at their own risk. The increase of buy-back and sell-back business means that you have money in your hand and can lend money through the trading market, but lending requires collateral, usually bonds. It is equivalent to a short-term mortgage loan. "Buying" means that you pay money and get a mortgage loan. "resale" means that you return the mortgage of the securities to the other party, and the other party pays you the principal and appropriate interest. Therefore, the increase in buying assets and selling them shows that you have abundant liquidity and lend money as collateral through the trading market. Its characteristic is that the two sides reach an agreement and the resale price is fixed.
Bian Xiao explained the accounting treatment of financial assets bought and resold for you, and the actual payment should be taken as the initial confirmation amount. Everyone should bear in mind that to avoid unnecessary mistakes and troubles in their work, they must be cautious at ordinary times and go to the local tax department at the specified time. That's all that Bian Xiao has compiled for you, I hope it will help you! Thank you for reading!