1, interest income
Refers to the income that an enterprise provides funds to others for use but does not constitute equity investment, or that others occupy enterprise funds, including deposit interest, loan interest, bond interest, arrears interest and other income. An enterprise shall confirm interest income according to the effective interest rate method, and the interest income shall be calculated and determined according to the book balance of financial assets multiplied by the effective interest rate, except in special circumstances.
2. Accounting entries of deposit interest
Calculate and determine the amount of interest income according to the time when others use the enterprise's monetary funds and the actual interest rate. The deposit interest income of an enterprise is included in the financial expenses-interest income, and financial treatment as financial expenses refers to various expenses incurred by the enterprise in the process of production and operation to raise funds. Including interest expenses, net exchange losses, fees of financial institutions, etc.
However, the interest expenses incurred during the preparation of the enterprise shall be included in the start-up expenses; Interest expenses on the purchase and construction of fixed assets or intangible assets, which have not been delivered or have been delivered but have not been settled for completion, shall be included in the value of the purchased assets; Interest expenses incurred during liquidation shall be included in liquidation profits and losses.
Brief introduction and classification of accounting entries;
Brief introduction of accounting entries:
According to the requirements of the double-entry bookkeeping principle, it lists the records of the corresponding accounts and amounts of each economic transaction. An accounting entry refers to an entry indicating the account to be borrowed and its amount for an economic business event. Three elements of entry: account name, that is, accounting subject; Bookkeeping direction symbol, i.e. debit or credit; The recorded amount.
Classification:
Simple accounting entries refer to accounting entries that only involve the debit of one account and the credit of another account, that is, accounting entries that borrow a loan; Compound accounting entries refer to accounting entries composed of two or more corresponding accounts, namely, accounting entries with one loan and multiple loans, one loan and multiple loans and multiple loans. Compound entries are formed by merging simple entries.
Simple entries that are not related to each other cannot be merged into accounting entries that borrow more and lend more. In other words, different types of economic business cannot be simply combined and reflected, and different types of economic business must be reflected and recorded item by item.