Interest is the use fee of money in a certain period of time, and it refers to the reward that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.
Every enterprise has to borrow money from the bank in the process of production and operation, and how to calculate the loan interest.
Under the requirements of the new accounting standards, when making short-term loans, take short-term loans as an example to record loan interest.
For example, an enterprise borrows money from ICBC, the amount is 654.38+0 million, the time is three months, and the interest rate is 9%. How to deal with the financial personnel? There are several specific steps:
When the loan is obtained, the borrower of the bank deposit account can be credited with RMB 6.5438+0 million, and the short-term loan account can be credited with RMB 6.5438+0 million. When interest is generated, it can be accrued or not, and there are two aspects of direct payment at maturity. First, if interest is not accrued, you can debit the short-term loan with the amount of 6,543,800+when it is paid directly after maturity, debit the financial expense accounting with the amount of 22,500, and credit it to the bank deposit accounting with the amount of 6,543,800+0,250. Second, if the interest is accrued on a monthly basis, the financial expense account with an amount of 750,000 can be debited and credited to the interest payable or accrued expense account with an amount of 750,000 when the interest is accrued in the first month. Taking the first month as an example, several consecutive accounting entries are the same. When the loan interest expires, you can debit the short-term loan account with the amount of 1 10,000. The debit account of interest payable or accrued expenses is 22,500 yuan, and the credit account of bank deposit is1022,500 yuan.