Because the interest expense is accrued, it should be included in the interest expense account of the current month. At present, enterprises set up "financial expenses" to calculate the interest expenses incurred in the current period, so they should be included in the financial expenses.
At the same time, the accrued interest expense is not paid in real time, which belongs to a liability of the enterprise and is included in the "interest payable" account.
: Type of accounting entry:
There are two kinds of accounting entries: simple entry and compound entry, in which the simple entry is the entry of borrowing a loan; Compound entries include one loan and many loans, one loan and many loans and many loans.
It should be pointed out that in order to keep the corresponding relationship of accounts clear, it is generally not appropriate to merge different economic businesses and make accounting entries by borrowing more and lending more.
However, in some special cases, in order to reflect the whole picture of economic business, accounting entries for borrowing more and lending more can also be compiled.
Accounting entries, also known as "bookkeeping formula" or "entries" for short, list the corresponding accounts and their amounts of each economic transaction according to the requirements of the double-entry bookkeeping principle.
Before registering an account, making accounting entries through accounting vouchers can clearly reflect the classification of economic business, which is conducive to ensuring the correctness of account records and facilitating inspection afterwards.
Each accounting entry mainly includes bookkeeping symbols. Regarding the account name, abstract and amount, accounting entries are divided into simple entries and compound entries. Simple entries are also called "single entries".
Refers to the accounting entries corresponding to the debit of one account and the credit of another account.
Compound entries are also called "multiple entries".
Refers to the accounting entries corresponding to the debit of one account and the credits of several accounts, or the accounting entries corresponding to the credit of one account and the debits of several accounts.
Beginners can follow the following steps when compiling accounting entries:
(1), and analyze which accounts related to economic business have changed.
(2) The nature of accounts, analyzing the nature of these accounts involved, that is, what accounting elements they belong to and whether they are located on the left or right side of the accounting equation.
(3) Increase or decrease, analyze and determine whether these accounts are increased or decreased, and the amount of increase or decrease.
(4) Bookkeeping direction: according to the nature of the account and its changes, determine the debit or credit to be credited to the account respectively.
(5) According to the format requirements of accounting entries, prepare complete accounting entries. In addition, accounting entries should be diligent, study more, ask more questions and practice more.