The recovery of loan principal and interest by CCB means that after the user has made a loan at CCB, CCB will deduct the corresponding loan principal and interest according to the loan contract. If the user does not apply for a loan from CCB, but receives such a short message, he can directly contact CCB and ask the customer service staff to check whether there is a mistake when entering the mobile phone number.

It's just that the mobile phone number is entered incorrectly. After CCB corrects it, users won't receive any debit SMS messages, but this usually takes several working days to process.

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How to recover the loan principal and interest accounting entries?

1, when granting loans:

Borrow: loan-principal

Loan: absorbing deposits

2. When confirming interest income by stages:

Borrow: interest receivable

Loan: interest income

3. When the interest is actually received and deposited in the same trade:

Borrow: deposit with peers

Loan: interest receivable

4. When the principal is recovered:

Borrow: absorb deposits

Loan: loan-principal

Note: Interest income in the current period of principal recovery is treated according to the above steps 2 and 3, which are omitted here.

How to write the accounting entry for payment of loan principal and interest?

Receive a loan,

Debit: bank deposit

Loan: short-term loan (long-term loan)

Accrue interest

Borrow: financial expenses-interest

Loan: interest payable

interest payment

Borrow: interest payable

Loan: bank deposit

Repay the loan at maturity,

Borrow: short-term loan (long-term loan)

Loan: bank deposit

The above is all about how to do the accounting entries for recovering loan principal and interest compiled by several beans. I don't know if you know all about it. I hope you can gain something through this article.