What happens to other payables on the credit side?

Other payables on the credit side represent an increase in other payables.

This account is a liability account, the credit side registers all kinds of payables and temporary receipts, and the borrower registers all kinds of payables and temporary receipts that are repaid or resold, and at the end of the month, the balance is on the credit side, indicating the balance of cash payable and temporarily received by the enterprise. This account shall be set up as a detailed account according to the category of payable and provisional receivables.

Under normal circumstances, this account accounts for the amount payable and temporarily received by the enterprise from other units or individuals, such as the rent payable for renting fixed assets and packaging materials, the deposit deposit, the payment payable and temporarily received from the subordinate units and individuals, and the deposit deposit for the decoration of the owner and property management household within the jurisdiction; The overall retirement pension payable to employees, as well as the amount receivable for temporary payment to superior units and subordinate units.

The payment payable to the supplier that is often incurred by the enterprise is accounted for in the "accounts payable" and "notes payable" accounts.

Example: Dahua Company leases a factory building in the form of operating lease, and according to the lease contract, the monthly rent is paid at the end of the next month, and the rent payable this month is 2 500 yuan. It should be recorded:

Borrow: manufacturing cost 2 500

Credit: Other Payables Rent Payable 2,500

Payment of the rent payable by bank transfer in the following month, which should be recorded:

Debit: Other payables Rent payable 2,500

Credit: bank deposits 2 500

It is normal for other payables to be on the credit side, and for liability accounts, the balance is on the credit side. Other payables refer to the payables and provisional receivables incurred by the enterprise outside the commodity trading business. It refers to the amount payable or temporarily received by other units or individuals other than bills payable, accounts payable, wages payable, profits payable, etc.

As the question suggests, the general situation is that the enterprise asks for loans from other units or individuals.

Other payables lenders say you owe money to someone else. That is, someone else gives you money (current money), borrowing: bank deposits, credit: other payables.

Other payables are the accounts payable and temporarily received from other units or individuals, which belong to the asset class account.

The lender indicated a decrease and the payment had been made.

There are two meanings, and the analysis is as follows:

1.The debit balance of other payables is the portion that represents the overpayment and should be recovered.

2.The other payables credit balance is the portion that indicates that money is owed to someone and should be paid to someone else.

In the accounting voucher, the debit side indicates the payment, the repayment of the debt; The lender indicates the formation of new debt, and the amount owed increases.

Further information: (1) Interest rates.

The ratio of interest to the total amount of loan funds over a certain period of time is the expression of loan**. That is: interest rate = interest amount loan principal.

Interest rates are divided into daily interest rates, monthly interest rates, and annual interest rates.

The lender determines the lending interest rate with the lending bank in accordance with the benchmark interest rate and interest rate fluctuation space announced by the relevant laws and regulations of each country.

2) Benchmark interest rate.

The benchmark interest rate is the interest rate that has a general reference role in the financial market, and other interest rate levels or financial assets** can be determined based on this benchmark interest rate level. The benchmark interest rate is one of the important prerequisites for interest rate liberalization, in which the financier measures the financing cost, the investor calculates the investment return, and the management regulates the macroeconomy. Objectively, it is required to have a generally accepted benchmark interest rate level as a reference.

Therefore, in a sense, the benchmark interest rate is the core of the formation of the market-oriented mechanism of interest rates. To put it simply, if you usually deposit money in the bank, he will give you interest. The larger the benchmark rate, the more interest; The smaller the benchmark rate, the smaller the interest.

How to get the lowest bank loan interest rate.

1. Choose the bank with the lowest interest rate to apply for a loan.

Although the central bank has issued a benchmark interest rate, the interest rate of all banks will rise above the benchmark interest rate, and the specific increase will vary from bank to bank. So in order to get the lowest bank loan rate, you have to "borrow to three banks" and choose the bank with the lowest interest rate.

2. Pay attention to personal credit reporting and maintain good credit reporting.

The bank's loan interest rate is calculated by the computer according to the individual's credit, income, work and other information, in the case of other circumstances can not be changed, we can only maintain a good credit, try to repay the credit card on time, to avoid overdue.

When a credit registers the recovery of other receivables, it indicates that the corresponding receivables have been recovered.

Other receivables mainly include:

1. All kinds of compensation and fines receivable. Compensation to be collected from the relevant insurance company due to accidental loss of enterprise property, etc.;

2. Rent receivable for rental packaging;

3. Various advances that should be collected from employees, such as water and electricity bills paid for employees, medical expenses and rent expenses that should be borne by employees;

4. Deposit a deposit, such as a deposit paid for renting packaging;

5. Other receivables and provisional payments.

Other receivables are on the credit side, indicating that the debtor has overrepaid the debt, forming advance receipts; Or paid a capital occupancy fee. In the case of advance receipts, they should be reclassified as "other payables" in the preparation of the balance sheet; If it is a capital occupation fee, it will be treated as other business income.

Other receivables mainly include:

1.Various compensation and fines receivable. Compensation to be collected from the relevant insurance company due to accidental loss of enterprise property, etc.;

2.Rental of rental packaging receivable;

3.Various advances that should be collected from employees, such as water and electricity bills paid for employees, medical expenses and rent expenses that should be borne by employees;

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

5.Other receivables and provisional payments.

Directions for use:

1. This account accounts for various receivables and provisional payments other than business activities of enterprises except for deposited margins, loans, resale of financial assets, notes receivable, accounts receivable, prepaid accounts, dividends receivable, interest receivables, savings receivable of policyholders, recoveries receivable, accounts receivable reinsurance, unexpired liability reserves receivable for reinsurance, reinsurance liability reserves receivable, long-term receivables and other business activities.

2. This account shall be accounted for in detail according to the items of other receivables and the other party unit (or individual).

3. When the enterprise incurs other receivables and provisional payments, this account shall be debited and the relevant account shall be credited; Debited when various payments are recovered or resold"Cash"、"Bank deposits"、"Reimbursement costs"and other accounts, credit this account.

Other receivables refer to various receivables and provisional payments other than the resale of financial assets, notes receivable, accounts receivable, prepaid accounts, dividends receivable, interest receivables, subrogation recoveries receivable, reinsurance receivables, reinsurance contract reserves receivable, long-term receivables, etc.

Other payables refer to the payments payable and temporarily received from other units or individuals that are not directly related to the main business of the enterprise, such as the rent payable for leased fixed assets and packaging, the deposit of deposits, the overall pension payable, and the wages not received by employees on time. Other payables are liabilities, the debit side indicates that the other payables decrease the round, the liabilities decrease, and the credit side indicates that the increase in other payables means the increase in liabilities. For example, the deposit received by the enterprise from other enterprises shall be made as follows, dust shed.

Borrow: cash, etc., Credit: Other payables - margin.

Other payables refer to the payments payable and temporarily received from other units or individuals that are not directly related to the main business of the enterprise, such as the rent payable for leased fixed assets and packaging materials, the deposit of Baohuyou certificates, the pension payable for co-ordination and judgment, and the wages not received by employees on time. Other payables are liabilities, the debit side indicates a decrease in other payables, i.e., a decrease in liabilities, and the credit side indicates an increase in other payables, i.e., an increase in liabilities. For example, the margin received by the enterprise from other enterprises shall be made as follows, borrowed:

Cash, etc., credit: other payables - margin.