How to make entries when adjusting other payables credit balances to other receivables debits

Other receivables.

It is a current account that records the assets of the enterprise, and its balance should generally be on the debit side. If it happens to appear on the lender, the balance of its credit is actually a debt of the business. It can be converted to "Other Payables."

Accounts, because accounts payable is a current account that records the liabilities of a business. So accounts receivable.

The accounting entries for the transfer of accounts payable are:

Debit: Other receivables.

Credit: Other payables.

However, in practice, a current account enterprise only chooses one of the two "accounts receivable" and "accounts payable" to open a detailed account. Current account of the same business will not be opened under both of these two opposite primary accounts. Because both sides (i.e., the creditor's account and the debt account) open the detailed account of the same correspondent, the current account of the same correspondent enterprise cannot be offset in time, resulting in the company's claims and debts.

Inflated. If in practice, a correspondent can only open a sub-account under one primary current account, then the transfer of "other receivables" to "other receivables" will not occur. This is because the claims and debts of enterprises that are not the same correspondent cannot be directly offset.

Then, if there is a credit balance in the "Other Receivables" account at the end of the period, or a debit balance in the "Other Receivables" account. How should I do the accounting? If there is a credit balance in the "other receivables" account at the end of the period, it should be treated as an obligation of the enterprise.

When the report is summarized, it is used as an additional item for the "Other Payables" item on the report. In the same way, if there is a debit balance in the "other payables" account at the end of the period, it should be regarded as a claim of the enterprise. When the report is summarized, it is used as an additional item for the "Other Receivables" item on the report.

This is the right way to deal with current business accounts.

Other payables should have been credit balances if they had to be adjusted to other receivables.

Debit: Other payables.

Credit: Other receivables.

In this way, the other receivables are the credit balance, which means that they still owe others, which is equivalent to others giving more.

Yes, other receivables are asset-class accounts, with increases on the debit side and decreases on the credit side, and the closing balance is generally on the debit side.

Instructions for use: 1. This account accounts for various receivables and temporary payments other than business activities such as deposited margins, loans, resale of financial assets, notes receivable, accounts receivable, prepaid accounts, dividends receivable, interest receivables, savings receivable of policyholders, subrogation recoveries receivable, accounts receivable reinsurance, unexpired liability reserves receivable for reinsurance, reserves for reinsurance liability receivables, 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; When various payments are recovered or resold, accounts such as "Cash", "Bank Deposits", and "Cost of Compensation" are debited and credited.

4. The debit balance at the end of the period of this account reflects other receivables that have not yet been recovered.

Yes, the other receivables month-end balances should normally be debit balances, but sometimes credit balances can also occur.

Debit: Other payables.

Credit: Accounts payable.

Borrow; Accounts payable.

Credit: Other payables.

Accounts payable balance is only two possibilities for the debtor (company):

First, it has not been given to others, and the subsequent payment is uncertain, that is, it becomes a contingent liability and can be transferred to other payables.

Debit: Accounts Payable - ** Company.

Credit: Other Payables - ** Company.

Another possibility is that the other party is not paid and recorded as non-operating income, which is equivalent to debt restructuring.

Debit: Accounts Payable - ** Company.

Credit: Non-operating income - gain on debt restructuring.

There is no need to adjust the accounts, and the total amount of the debit balance account in other payables can be added to the other receivables when preparing the accounting statements.

The watchtower owner. Shenyang Kingdee Finance will answer for you.

Debit: Other receivables: 300

Credit: Other Payables: 300

Also note that you want to target the detailed accounts.

Hello, the correct entries are as follows:

Credit: Negative prepayments.

Credit: Positive other payables.

Hope. To put it simply, it is roughly composed of other receivables, but when filling in the balance sheet, it is necessary to reflect the debit amount and credit amount of the detailed account of the account in the two directions of "other receivables" or "other payables" respectively!

Debit: Other payables.

Credit: Accounts received in advance.

Small and medium-sized enterprises no longer have a pre-receivables account. When making accounts, the vouchers should be attached with sufficient account adjustment and carry the receipts, otherwise it is easy for the inspection department to check.

You can't turn it directly. Accounts payable can only be adjusted first, and then the corresponding amount can be grouped into other payable accounts in the form of other payables.

You didn't make things clear, the other payables debit is the money owed to you by the other party, if you can't recover it, do non-operating expenses processing, but you have to go to the Tax Lu Pure Affairs Bureau for approval, and you can deduct it before tax if you pass the approval, and you can't deduct it before tax if you don't pass the approval, and you need to pay income tax. If it can be recovered, there is no need to pay back tax.

Other payables are the money you owe to the other party, and if you need to pay later, you don't need to pay back taxes; If you don't need to pay it in the later stage, you will have to deal with non-operating income, and if the income is high, the profit will be high, and you will naturally need to pay income tax.

Other receivables refer to all kinds of receivables and provisional payments other than notes receivable, accounts receivable and prepaid accounts receivable. The debit side of the account registers the increase in other receivables, the credit side registers the recovery of other receivables, and the closing balance is generally on the debit side, reflecting the other receivables that have not yet been collected by the enterprise.

The end of the year is approaching, what should I do with other receivables?

1.Employee borrowing and disbursement of business.

2.No ticket payouts.

The norm is standardized, to reimburse, get the ticket first, and force everyone to think about the invoice in advance. Procurement and transactions through formal channels do not take advantage of the small advantage of no ticket discount, and furthermore, after the VAT reform, there is an entry to accompany the grandchildren can be deducted, and there is really no loss.

3.Misappropriation of funds.

Whether it is lent to an individual or lent to the old messy grinding board, there is no solution from the financial point of view, and it should be repaid at the end of the year, otherwise you will pay the high individual income tax, and there is no place to cry if you want to regret it, see what the policy says:

Summary. Hello, the credit balance of other receivables cannot be placed in the credit balance of other receivables. Because these are two different accounts, other receivables belong to the asset class and other payables belong to the liability account, so no.

Hello, the credit balance of other receivables cannot be put into the credit balance of other receivables. Because these are two different accounting accounts, the other gross receipts are asset accounts, while the other payables are liabilities, so no.

Other receivables refer to various receivables and provisional payments other than the resale of financial assets, bills receivable, accounts receivable, etc., and a kind of accounting account. 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 logistics enterprise, such as the rent payable to the tenant's fixed assets and packaging, the deposit of deposits, the overall retirement pension payable before the opening of the contract, and the wages not received by employees on time.

Can't you put these two subjects together.

The leader said put it together.

I don't know much. Other payables belong to the liability account, the credit side registers all kinds of payables and temporary receipts, and the borrower registers all kinds of payables and temporary receivables 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. Other payables are assets.

Other receivables refer to all kinds of receivables and provisional payments other than notes receivable, accounts receivable, prepaid accounts, dividends receivable and interest receivable.

Is there any way to put the balance into one account?

Put these two accounts together so that if an enterprise is relatively small and has little business, he uses other receivables as other receivables as soon as other accounts payable are used as soon as possible, which is not nothing, but it is easy to miss when accounting. Although Lu Blind has different definitions of these two subjects in the accounting system, he has nothing to do with an enterprise that only does simple accounts. The phrase "other receivables should be used as other receivables" is just to reverse the borrower and borrower when keeping accounts.

It depends on what kind of economic business it is.

Now this company has no business.

Need to clean up.

Good. If it cannot be recovered, it can negotiate with the other party to transfer it to the shareholder, and sign a tripartite agreement to collect these claims on behalf of the shareholder.

When the company is liquidated, other payables are debts of the company, and the liquidation group will pay the payables, and the debts will be extinguished after payment.