1. If this amount is previously owed, debit: notes receivable and credit: accounts receivable.
2. After the acceptance bill expires, debit: bank deposit, credit: notes receivable.
3. When receiving the bank acceptance bill, debit: notes receivable and debit: accounts receivable.
When paying, debit: accounts payable and credit: notes receivable.
4. If discounted, debit bank deposits and financial expenses, and credit notes receivable.
Commercial acceptance bills can only be discounted from banks. The company can endorse the commercial acceptance bill to the company based on the real transaction relationship or the creditor-debtor relationship, but it is illegal to discount it to the company. There will be a series of tax, legal and default risks in the future, which will easily lead to disputes. The company is advised to operate cautiously.
The accepting bank of a commercial bill must meet the following conditions:
(1) It has a true entrusted payment relationship with the drawer.
(2) It has reliable funds to pay the amount of the draft.
(3) It has perfect internal management and has been approved by the bank authorized by its legal person.
Holders of qualified commercial bills may apply to the bank for discount with unexpired commercial bills and discount vouchers. The discount bank may transfer the unexpired commercial bills to other banks, or apply to the People's Bank of China for rediscounting.
When discounting, rediscounting or rediscounting, an endorsement of transfer shall be made, and copies of VAT invoices and commodity transport documents between the discounting applicant and its immediate predecessor shall be provided.