The ledger account that corresponds to Accounts receivable

The accounting accounts corresponding to "accounts receivable" are: bank deposits, cash in hand, non-operating expenses, bad debt provisions, notes receivable, etc.

The accounting accounts corresponding to "accounts payable" are: raw materials, inventory goods, non-operating income, inventory, capital reserve, paid-in capital, etc.

The corresponding accounting entry for accounts receivable is: accounts payable.

1. Accounts payable are the handling fees and commissions that should be paid by the enterprise (finance) but have not yet been paid.

It is a kind of accounting account, which is used to calculate the amount payable by the enterprise for business activities such as the purchase of materials, commodities and the acceptance of labor services.

2. Accounts receivable refers to the business within the scope of the enterprise, which has been traded but has not yet been collected, that is, accounts receivable.

3. How to collect money on behalf of the account:

1) Receipt of collection receipts, hanging other payables;

2) Pay the receipt of collection and other payables;

3) Upon receipt of the handling fee, the official invoice will be issued.

4. If the accounts receivable are changed to the accounting of notes receivable.

Debit: Notes receivable.

Credit: Accounts receivable.

5. When issuing bills of exchange to offset accounts payable.

Debit: Accounts payable.

Credit: Notes payable.

Accounts receivable also corresponds: bank deposits, notes receivable, bad debt provisions (units without bad debt provisions are management expenses), if debt restructuring is involved, long-term investment, non-operating expenses, etc.

General accounts receivable debit to "operating income" credit; It is normal for the "accounts receivable" credit to debit "bank deposits" or "cash", and the "non-operating expenses" can be debited if the bad debts are written off.

General situation: 1. Accounts receivable.

1.Selling products or providing services.

Debit: Accounts receivable.

Credit: main business income.

Tax Payable VAT payable (output).

Other business income.

When the money is recovered.

Borrow: bank deposit cash.

Credit: Accounts receivable.

2.When purchasing goods and paying packaging fees and transportation and miscellaneous expenses.

Debit: Accounts receivable.

Credit: Bank Deposits (Cash).

When the disbursement is recovered.

Borrow: bank deposit cash.

Credit: Accounts receivable.

3.If the accounts receivable is changed to the notes receivable accounting.

Debit: Notes receivable.

Credit: Accounts receivable.

2. Accounts payable.

1.When purchasing a product.

Borrow: Raw materials (goods in stock).

Tax Payable VAT payable (input).

Credit: Accounts payable.

2.When repaying the money.

Debit: Accounts payable.

Credit: Bank deposits.

3.When a bill of exchange is issued to settle accounts payable.

Debit: Accounts payable.

Credit: Notes payable.

Accounts receivable in advance. Prepaid Accounts.

General accounts receivable debit to "operating income" credit; It is normal for the "accounts receivable" credit to debit "bank deposits" or "cash", and the "non-operating expenses" can be debited if the bad debts are written off.

The same "accounts payable" credit to "raw materials", "inventory goods", etc.; Debits to "bank deposits" and "cash" credits, and special inability to pay "non-operating income" credits.

The "Other Receivables" account is used to account for various receivables and provisional payments other than notes receivable, accounts receivable, prepaid accounts, etc.

Other receivables and provisional payments mainly include:

1.various indemnities and fines receivable;

2.Rental of rental packaging receivable;

3.various advances to be collected from employees;

4.Reserve fund (reserve fund allocated to various functional departments and workshops of the enterprise);

5.Deposit a security deposit, such as a deposit for renting packaging;

6.Advance payments are transferred in;

7.Other receivables and provisional payments.

The accounts receivable incurred by the enterprise is generally the business of collecting the buyer's payment as the seller, and the accounts payable is generally the business of the buyer paying the seller's payment, and there is an essential difference between the two, so in practice, what accounts receivable and accounts payable belong to?

Accounts receivable are asset-class accounts, with increases recorded on the debit side and decreases registered on the credit side. It refers to the amount of money that should be collected from the purchaser for the sale of goods or products and the provision of labor services in the normal course of business. In addition to the taxes that should be borne by the buyer or the recipient of labor, the packaging fee paid in advance for the purchase of the house by Sakuraji**, and other transportation and miscellaneous expenses, in the case of sales discounts, enterprises should also consider the impact of commercial discounts and cash discounts.

Accounts payable are liabilities and are subject to increases, with decreases recorded on the debit side and increases recorded on the credit side. It mainly accounts for the amount that should be paid by the enterprise for the purchase of materials, commodities and the acceptance of labor services and other related business activities.

Accounts receivable and accounts payable accounting entries.

Accounts receivable accounting entries:

Debit: Accounts receivable.

Credit: main business income, other business income.

Tax Payable - VAT Payable - Output Tax.

Borrow: bank deposits, cash in hand, etc.

Credit: Accounts receivable.

Accounts payable accounting entries.

Accounts payable occur when goods are purchased.

Borrow: raw materials, material procurement, etc.

Tax Payable – VAT payable (input tax).

Credit: Accounts payable.

On Repayment: Debit: Accounts Payable.

Credit: Bank deposits.

Notes payable. When repaying accounts payable with cash discount conditions:

Debit: Accounts payable.

Credit: Bank deposits.

Finance Expenses. When it is truly impossible to pay or does not need to pay:

Debit: Accounts payable.

Credit: Non-operating income.

In practice, the power purchased by enterprises such as electricity and gas is generally accounted for through the "accounts payable" account, that is, the provisional payment is processed first when the monthly payment is made

Borrow: raw materials, material procurement, etc.

Tax Payable – VAT payable (input tax).

Credit: bank deposits, etc.

Month-end distribution by purpose:

Borrow: production costs.

Manufacturing costs. management fees, etc.

Credit: Accounts payable.

I believe that other receivables accounts are not unfamiliar to financial personnel, but they are not very clear to ordinary people, so what are the corresponding accounts of other receivables?

1. Other receivables belong to asset accounts, and the debit side is increased and the credit side is decreased.

2. The asset account provides comprehensive accounting indicators, such as "fixed assets", "raw materials", "accounts receivable", "payable... economic use, etc. Asset Accounts: According to the liquidity of assets, they are divided into accounts reflecting current assets and accounts reflecting non-current assets.

3. Other receivables refer to other receivables or provisional payments other than accounts receivable and notes receivable. The occurrence of other receivables is generally not directly related to the normal production and business activities of the enterprise, so it is a non-business receivable item in nature.

That's all there is to know about what is the corresponding account for other receivables.

The current accounts directly related to the operation should be put in the accounts receivable (payment), and the other transactions should be put in other accounts receivable. Accounts receivable cannot be put casually, and must be directly related to the operation, such as buying materials, selling goods or something. In practice, many enterprises use other receivables and payables as trash cans, and those that will be difficult to deal with for a while and a half are put in here first, and then adjust the accounts after straightening them out.

The travel expenses paid to the employees are included in other accounts receivable, because this is the money temporarily paid by the enterprise to the employees, and the travel expenses invoice will be recovered or used to offset the temporary loan in the future; The individual income tax advanced by the enterprise can be included in the "other payables" or "taxes payable and individual taxes", because this is the temporary payment made by the unit on behalf of the individual, which is handed over and cannot be recovered in the future, so it is included in the "other payables" or "taxes payable and individual taxes".

2. (1) Other receivables belong to asset accounts, which are mainly used to account for other receivables or provisional payments other than accounts receivable and notes receivable. The occurrence of other receivables is generally not directly related to the normal production and business activities of the enterprise. Its accounting content mainly includes:

Reserve funds paid in advance to various departments within the enterprise and individual employees; various indemnities and fines collected; Deposited margin; interest or dividends receivable; Various advances to be collected from employees, etc.

2) Other payables belong to the liability account, which refers to the accounts payable, notes payable, accounts receivable and wages payable other than other units or individuals, such as the rent payable for operating leased fixed assets and packaging, deposits, payable and temporary payments from other units, wages not received on time by employees, provident fund withheld from wages, individual income tax on behalf of advances, etc.

Accounts receivable are assets, accounts payable are liabilities, accounts receivable are owed to you by others, and payables are owed by you to others.

To put it simply, whether it is related to the main business, generally related to the main business to achieve receivables and payables, not to do others, but not absolutely, the specific situation is analyzed.

To put it simply, there are official invoices based on payables and accounts receivable, and wood is other.

Difference Between Accounts Receivable and Payable in Accounting:

1. Accounts receivable is the creditor's right of the enterprise, and accounts payable is the debt of the enterprise.

2. Accounts receivable refers to the amount that should be collected from the purchasing unit due to the sale of goods, products, provision of labor services and other businesses in the normal course of operation, including the taxes that should be borne by the purchasing unit or the receiving labor unit, and various transportation and miscellaneous expenses advanced by the buyer.

3. The accounts payable account accounts for the payment due to the purchase of materials, commodities and the acceptance of labor services.

Receivables refers to the assets that they should collect from others, for themselves is an asset acquired in the future, is an asset class account, and bank deposits, cash in hand and so on is the same nature, such as after selling goods, some customers are to give cash, debit cash in stock, some to you to the bank account, debit bank deposits, some are credit, the future can receive this income, debit accounts receivable. Payable refers to the assets that you should pay to others, and it is a loss of your own assets in the future, and it is a liability account. It's easy to understand if you think of yourself as a customer by following the example above.

Receivable is the company to provide customers with products, services, customers should pay the company's remuneration. It is the ** of the company's income.

Coping is the opposite.

Receivables are asset accounts that belong to the company's claims.

Payable is a liability account that belongs to the company's debts.

Accounts receivable is the amount receivable but not actually received, that is, the money owed to you by others has not been repaid, which belongs to your assets and is an asset class account. Accounts payable is the amount that should be paid but is actually unpaid, that is, the money you owe to others has not been repaid, which belongs to your liabilities and is a liability account.

Accounts receivable belong to the asset account, and accounts payable belong to the liability account.

Accounts receivable belong to the asset class, and accounts payable belong to the liability class.

Receivables belong to the accounting elements of the data category, and payables belong to the accounting elements of the liability category.

Accounts receivable is an asset class.

Accounts payable are liabilities.

Accounts receivable, as the name suggests, is the payment that should be collected.

Accounts payable, the same is the payment that should be paid.

One of these two accounts is an asset account and the other is a liability account.

The debit of the accounts receivable account increases and the credit decreases.

The debit of the accounts payable account decreases and the credit credit increases.

Accounts payable and accounts receivable are current accounts.

Accounts payable belong to the liability account, which is the payment owed by the company to the company, and belongs to the company's debts.

Accounts receivable belong to the asset account, which is the uncollected payment for the goods sold by the company, and belongs to the company's creditor's rights.