How to deal with the bad debts of accounts payable in the new accounting standards for business ente

The original business manager writes a description, reports to the leader for approval, and the accountant writes off the accounts. Debit: Accounts Payable - Loan of a Unit: Non-operating income.

The Accounting System for Business Enterprises stipulates that "an enterprise shall conduct a comprehensive inspection of the receivables on a regular basis or at least at the end of each year, and shall make provision for bad debts that may occur in anticipation of the possible occurrence of various receivables, and for the receivables that are not sure to be recovered, provision for bad debts shall be made".

The Accounting System for Business Enterprises stipulates that the possible losses of enterprise receivables shall be provided for bad debts, including: accounts receivable and other receivables. When there are uncertainties in the recoverability of notes receivable, bad debt provisions should be made after being transferred to accounts receivable.

Under normal circumstances, prepaid accounts should not be provided for bad debts. If there is conclusive evidence that the prepaid accounts no longer conform to the nature of the prepaid accounts, or that there is no hope of receiving the purchased goods due to the bankruptcy or cancellation of the supplier, the amount originally included in the prepaid accounts shall be transferred to other payables and a provision for bad debts shall be made.

The Accounting System for Business Enterprises stipulates that the possible losses of enterprise receivables shall be provided for bad debts, including the following:

1.Accounts receivable.

2.Notes receivable. 3.Other receivables.

4.Prepaid Accounts.

Accounts payable" does not need to be included in the provision for bad debts, do borrow: accounts payable.

Credit: Non-operating income.

That's it!

The bad debt losses of bad debt receivables and prepayments under the Accounting Standards for Small Enterprises should be included in non-operating expenses when actually incurred, and the receivables and prepayments should be written off at the same time.

According to the provisions of the Accounting Standards for Small Enterprises, this article is different from the accounting standards for enterprises, and does not include asset impairment losses, because the accounting standards for small enterprises do not have this account, and the bad debt provisions provided for under the new accounting system are included in asset impairment losses; Management expenses are also not included, and small businesses generally do not make provision for bad debts.

When a small enterprise confirms the actual bad debt loss, it shall debit bank deposits and other accounts according to the recoverable amount, credit accounts receivable, prepaid accounts and other receivables according to the book balance of accounts receivable, prepaid accounts and other receivables, and debit non-operating expenditure accounts according to the difference.

Accounting:

Accounting is a Chinese word pronounced kuài jì and its English name is accounting. Accounting has two meanings, one refers to accounting work, and the other refers to accounting staff.

Accounting work is based on the "Accounting Law", "Budget Law", "Statistics Law" and various tax laws and regulations as the legal basis to check the accounting vouchers, financial books, financial statements, engaged in the process of economic accounting and supervision, is to know the clear such as currency as the main unit of measurement, the use of special methods, accounting and supervision of a unit's economic activities of an economic management work; Accounting staff are the personnel who carry out accounting work, including accounting supervisors, accounting supervision and accounting, property management, cashiers and other personnel.

Since the Zhou Dynasty, China has had a special accounting official position, in charge of tax revenue, money and silver expenditure and other financial work, and conducts monthly calculations and annual meetings. That is to say, the monthly sporadic calculation is calculated, and the annual total calculation is calculated, and the two together become the term accounting.

When receivables cannot be collected:

Borrow: Bad debts are quasi-empty reserves.

Credit: Accounts receivable.

At the end of the period, according to the balance of accounts receivable and the company's policy of accruing bad debt provisions, recalculate the due bad debt provisions, and make up or reverse the bad debt provisions

Borrowing Conghu: Asset impairment loss.

Credit: provision for bad debts.

The accounting treatment of bad debt provision for accounts receivable mainly includes four aspects: provision for bad debts, write-off of over-provision for bad debts, actual bad debt losses, and recollection of receivables that have been recognized and re-sold.

1. Provision for bad debts:

Borrow: credit impairment losses; Credit: provision for bad debts.

2. Write off the provision for bad debts that are overcharged

Debit: provision for bad debts; Credit: Credit impairment loss.

3. Actual bad debt losses:

Debit: provision for bad debts; Credit: Accounts receivable.

4. The receivables that have been confirmed and resold are re-recovered

Debit: accounts receivable; Credit: Bad Spike Ant Hand Account Preparation. Borrow: bank deposit; Credit: Accounts receivable.

Bad Debt Provision:Provision for bad debts refers to the provision of accounts receivable (including accounts receivable, other receivables, etc.) of an enterprise, which is an allowance account. Enterprises adopt the allowance method for the accounting of suspected bad debt losses.

Under the allowance method, the enterprise should estimate the bad debt loss at the end of each period and set up a "bad debt provision" account.

The allowance method refers to the method of using a certain amount of suspicion to estimate the loss of bad debts on a period (at least at the end of each year), withdraw the provision for bad debts and transfer them to current expenses. When bad debts actually occur, it is a treatment method to directly write off the provision for bad debts that have been accrued and at the same time resell the corresponding balance of accounts receivable.

The accounting treatment of provision for bad debts includes the following three situations:

Provision for bad debts at the end of the period.

Bad debts are actually incurred.

Recognized bad debts are recovered.

1) Provision for bad debts.

Provision for bad debts:

Borrow: Asset impairment loss.

Credit: provision for bad debts.

Write-off** back to more mentions) bad debt provisions.

Debit: provision for bad debts;

Credit: Asset impairment loss.

2) Receivables are written off as bad debts (bad debt losses are recognized).

Debit: provision for bad debts;

Credit: Accounts receivable.

3) Bad debts that have been recognized are recovered.

Reverse a recognized bad debt.

Debit: accounts receivable;

Credit: provision for bad debts.

Recover the payment. Borrow: bank deposit;

Credit: Accounts receivable.

Note: For the receivables that have been recognized and resold and later recovered, the "bank deposit" can also be debited and the "bad debt provision" can be credited directly according to the actual amount recovered.

Accounting treatment of bad debt provision for accounts receivable:1. Provision for bad debts:

Borrow: credit impairment losses;

Credit: provision for bad debts.

2. Actual bad debt losses:

Debit: provision for bad debts;

Credit: Accounts receivable.

3. The actual bad debt loss is recovered later

Debit: accounts receivable;

Credit: provision for bad debts.

At the same time: borrow: bank deposit.

Credit: Accounts receivable.

4. Reversal of bad debt provisions:

Debit: provision for bad debts;

Credit: Credit impairment loss.

Accounting treatment of bad debt provision for accounts receivable: provision for bad debts, debit: credit impairment loss, credit: bad debt provision.

When an enterprise draws a provision for bad debts, it should debit the asset impairment loss and make a provision for bad debts and credit the bad debt provision account. If the amount of bad debt provision accrued in the current period is greater than the book balance of bad debt provision, it shall be accrued according to the difference, and the asset impairment loss shall be debited to the bad debt provision account and the ring account shall be credited to the ring account provision account.

If the amount of bad debt provision to be withdrawn is less than the book balance of bad debt provision, the bad debt provision account shall be debited according to the difference by making opposite accounting entries. Credit asset impairment loss - provision for bad debts.

For the receivables that cannot be recovered, they shall be treated as bad debts after being approved by the management authority, and the receivables shall be resold and the bad debt reserve account shall be debited. Credit accounts receivable, accounts receivable, prepaid accounts, other receivables, long-term receivables, etc.

Recognition of impairment losses on receivables

The various receivables of the enterprise may not be recovered due to the refusal of the purchaser, bankruptcy, death and other reasons. Such uncollectible receivables are bad debts. The loss suffered by the enterprise due to bad debts is the first account loss or impairment loss of bad Huiwu.

The enterprise should assess the carrying amount of the receivables at the balance sheet date, and if the receivables are impaired, the amount of the write-down should be recognized as an impairment loss, and provision for bad debts should be made at the same time.

There are two accounting methods for the impairment of receivables, namely the direct transfer method and the allowance method, and China's accounting standards for business enterprises stipulate that the accounting for the impairment of receivables should use the allowance method, and the direct transfer method shall not be used.