In the actual operation of an enterprise, it is always necessary to raise funds. Then, if you borrow money from the bank, you must pay interest. What should I do when I pay interest? How to deal with it? Let's take a look at it with the deep space network.

First of all, it should be clear that the loan interest should be included in the financial expenses. Some banks pay interest monthly, some quarterly, and in most cases quarterly.

1. When the company receives a bank loan,

Debit: bank deposit

Loans: long-term loans/short-term loans.

2. When the company repays the loan interest,

Debit: financial expenses-interest expenses

Loans: bank deposits

When the interest is accumulated at the end of each month.

Debit: financial expenses-interest expenses

Loan: prepaid expenses-loan interest XX bank

4. When paying the loan information at the end of the quarter.

Borrow: prepaid expenses-loan interest XX bank

Loans: bank deposits

5. How to deal with the loan interest of the project under construction?

Borrow: Construction in progress-interest expense

Loan: interest payable

6. When the interest is actually paid

Borrow: interest payable

Loans: bank deposits

7. Calculate directly by interest.

Borrow: Construction in progress-interest expense

Loans: bank deposits