How to handle the entries of the acceptance bill? Accounting entries for bank acceptance bills

Acceptance bills are divided into bank acceptance bills and commercial acceptance bills, and the specific accounting entries are as follows.

1. When receiving the bank acceptance draft.

1) If it is the payment for the goods, the accounting entries are:

Debit: Notes receivable.

Credit: main business income.

Tax payable – VAT (output tax).

2) If it is a payment owed before, the accounting entries are:

Debit: Notes receivable.

Credit: Accounts receivable.

2. After the acceptance bill expires, the accounting entries are:

Borrow: Bank deposit.

Credit: Notes receivable.

2. When receiving the commercial acceptance bill.

1. When received.

Debit: Notes receivable.

Credit: Accounts receivable.

2. After the commercial acceptance bill has been committed and received.

Borrow: Bank deposit.

Credit: Notes receivable.

Extended Information: Advantages of Acceptance Bills.

1. Commercial acceptance notes.

The term of payment of the commercial acceptance bill shall not exceed 6 months; The prompt payment period of the commercial acceptance bill is 10 days from the maturity date of the bill; Commercial acceptance bills can be endorsed and transferred; When the holder of the commercial acceptance bill needs funds, it can apply to the bank for discount with the unexpired commercial acceptance bill; Applicable to intra-city or off-site settlement.

2. Bank acceptance bill.

For sellers, offering forward payment options to existing or new customers can increase sales and improve market competitiveness. For buyers, the use of forward payments to purchase more goods with limited capital minimizes the occupation and demand for working capital, which is conducive to expanding the scale of production. Compared with loan financing, it can significantly reduce financial costs.

1.Bills payable are issued when purchasing raw materials.

Borrow: raw materials.

Tax Payable – VAT payable (input tax).

Credit: Notes payable.

2.Bills payable are issued to offset accounts payable.

Debit: Accounts payable.

Credit: Notes payable.

3.A handling fee for the payment of notes payable.

Borrow: Finance Expenses.

Credit: Bank deposits.

4.Interest is calculated on interest-bearing notes.

Borrow: Finance Expenses.

Credit: Notes payable.

5.Repayment of notes payable.

Debit: Notes payable.

Credit: Bank deposits.

6.Banker's acceptance bill is unable to be repaid when it matures (bank advance, converted into short-term borrowing to the bank) Borrow: notes payable.

Credit: Short-term borrowing.

7.Commercial acceptance bills are insolvent when they are due (commercial acceptance bills that cannot be repaid, transferred to accounts payable at maturity).

Debit: Notes payable.

Credit: Accounts payable.

I know these from the bill of exchange stack ***, their official website seems to be updated every day, you can also often go to see, there is a lot of industry information and bill knowledge for acceptance bills, and you can learn a lot of things. "

When you go to apply for a bank acceptance, you have to pay a security deposit, and the accounting entries are.

Borrow: Other monetary funds --- bank acceptance bill margin.

Financial costs - procedures, production costs.

Credit: Bank deposits.

When repaying accounts payable with a banker's acceptance draft.

Debit: Accounts payable.

Credit: Bills Payable - Banker's Acceptance Bill.

1. Handle acceptance and entries:

Borrow: funds in other currencies - margin of 1,000,000.

Credit: Bank deposit 1 million.

2. When paying for goods or prepayment by acceptance (1:2 open invoice):

Debit: prepaid accounts - * 2 million for the company.

Credit: notes payable 2 million.

3. When the bill expires, the margin is reversed, and the interest on the gold is repaid at the same time

Borrow: bank deposit 1 million + interest.

Credit: Other monetary funds - margin 1 million.

Finance expense - Interest expense (negative credit).

Payment of Notes Due to Maturity:

Borrow: 2,000,000 notes payable.

Credit: Bank deposit of 2 million.

4. Received the payment into the warehouse and received the invoice issued by the other party

Borrow: raw materials inventory goods million.

VAT payable - input tax million.

Credit: prepaid accounts - * 2 million for the company.

The accounting entries of the acceptance bill are as follows:Receipt of acceptance bills, how to write accounting entries, financial must read, endorsement is a subsidiary bill behavior; It is an essential legal act; It is a legal act committed by the bearer; The main purpose of an endorsement is to transfer rights on an instrument. Nowadays, many enterprises are in the first system, but many people don't know how to transfer.

Acceptance bill refers to the bill of exchange that has gone through the acceptance procedures. Those accepted by the purchaser are called "commercial acceptance bills", and those accepted by banks are called "bank acceptance bills".

1. When receiving the bank acceptance draft.

1) If it is the payment for the goods, the accounting entries are:

Debit: Notes receivable.

Credit: main business income.

Tax payable – VAT (output tax).

2) If it is a payment owed before, the accounting entries are:

Debit: Notes receivable.

Credit: Accounts receivable.

2. After the acceptance bill expires, the accounting entries are:

Borrow: Bank deposit.

Credit: Notes receivable.

2. When receiving the commercial acceptance bill.

1. When received.

Debit: Notes receivable.

Credit: Accounts receivable.

2. After the commercial acceptance bill has been committed and received.

Borrow: Bank deposit.

Credit: Notes receivable.

Banker's acceptance bills are recorded in bills receivable. Make a copy of the bank acceptance draft (both sides should be copied) as the original voucher.

Accounting entries for banker's acceptances.

When the chain is accompanied to the bank acceptance draft:

1) If the content of the bill of exchange is to pay for the goods, the accounting entries are:

Debit: Notes receivable.

Credit: main business income.

Tax Payable - VAT Payable (Output Tax).

2) If the content of the bill of exchange is the amount owed by the purchaser, the accounting entries are:

Debit: Notes receivable.

Credit: Accounts receivable.

3) When the acceptance bill is cashed, the accounting entries are:

Borrow: Bank deposit.

Credit: Notes receivable.

When a commercial acceptance bill is received:

1) When the content of the bill of exchange is the payment owed by the buyer, the accounting entries are:

Debit: Notes receivable.

Credit: Accounts receivable.

2) When the commercial acceptance bill is discounted, the accounting entries are:

Debit: Bank deposit finance charges.

Credit: Notes receivable.

When an enterprise issues an acceptance bill:

1) When the enterprise purchases the goods:

Debit: Raw materials (or inventory goods, etc.) Tax payable - VAT payable (input tax) Credit: Accounts payable.

2) When transferring out the acceptance bill:

Debit: Accounts payable.

Credit: Notes payable.

3) When the acceptance bill is due, when the payment is made:

Debit: Notes payable.

Credit: Bank deposits.

Data expansion: bank commitment bill is an important means of payment that financial personnel often come into contact with in business activities, compared with commercial acceptance bills, bank acceptance bills have better credit, stronger acceptance, and higher flexibility. As a result, most businesses prefer to accept banker's acceptances.

What is a Banker's Acceptance.

The bank acceptance bill is a kind of deferred payment bill issued by the bank entrusted by the payer, and the bank has the obligation to pay at sight when the bill expires; The maximum term of the note is six months, and the endorsement can be transferred during the term of the note.

Conditions for the issuance of banker's acceptance bills: 1. Legal persons and other organizations that open deposit accounts with the acceptance bank; 2. Have a real entrusted payment relationship with the accepting bank; 3. Be able to provide legally effective purchase and sale contracts and VAT invoices; 4. Have sufficient ability to pay, and have a good settlement record and settlement reputation; 5. Good credit relationship with the bank, no loan overdue record; 6. Able to provide corresponding guarantees, or deposit a certain percentage of the margin as required; 7 The drawer has a good credit guarantee.

Accounting entries for banker's acceptances.

Upon receipt of a banker's acceptance:

1) If the content of the bill of exchange is to pay for the goods, the accounting entries are:

Debit: Notes receivable.

Credit: main business income.

Tax Payable - VAT Payable (Output Tax).

2) If the content of the bill of exchange is the amount owed by the purchaser, the accounting entries are:

Debit: Notes receivable.

Credit: Accounts receivable.

3) When the acceptance bill is cashed, the accounting entries are:

Borrow: Bank deposit.

Credit: Notes receivable.

When a commercial acceptance bill is received:

1) When the content of the bill of exchange is the payment owed by the buyer, the accounting entries are:

Debit: Notes receivable.

Credit: Accounts receivable.

2) When the commercial acceptance bill is discounted, the accounting entries are:

Borrow: Bank deposit.

Finance Expenses. Credit: Notes receivable.

When an enterprise issues an acceptance bill:

1) When the enterprise purchases the goods:

Debit: Raw materials (or inventory goods, etc.).

Tax Payable – VAT payable (input tax).

Credit: Accounts payable.

2) When transferring out the acceptance bill:

Debit: Accounts payable.

Credit: Notes payable.

3) When the acceptance bill is due, when the payment is made:

Debit: Notes payable.

Credit: Bank deposits.

How to accept a bank acceptance bill?

Banker's acceptance drafts are used as follows:

1. After filling in the bank acceptance draft, the cashier of the payment unit shall check the relevant contents of the bill of exchange with the transaction contract, and fill in the form after verification"Banker's Acceptance Agreement"and a list of banker's acceptances, and in"Acceptance of applicants"The official seal of the unit is stamped.

The bank acceptance agreement is generally in triplicate, one copy of the bank credit department, one copy of the bank accounting department, and one copy of the payment unit, and its content is mainly the basic content of the bill of exchange, and the basic terms that the applicant should abide by after the bill of exchange is accepted by the bank. After the bank has completed the review, the bank acceptance agreement shall be stamped with the bank's official seal or contract seal, the special seal of the bank acceptance bill shall be affixed on the bank acceptance draft, and at least one private seal of the person in charge shall be affixed.

2. Pay the handling fee, in accordance with"Banker's Acceptance Agreement"The payment unit shall pay the handling fee to the acceptance bank for the acceptance formalities, and the opening bank shall deduct it from the deposit account of the payment unit. According to the current regulations, the bank acceptance fee shall be charged at 5/10,000 of the face value of the bank acceptance bill, and if the handling fee is less than 10 yuan, it shall be charged at 10 yuan.

3. The acceptance period of paper bank acceptance bills shall not exceed 6 months, and the acceptance period of electronic bank acceptance bills shall not exceed 1 year. If the applicant fails to pay the bank acceptance bill when due, the overdue penalty interest shall be calculated according to the regulations.