Is the enterprise unable to repay the accounting of the due commercial acceptance bill?

If the enterprise is unable to repay the commercial acceptance bill due, the enterprise should transfer the book balance of the notes payable to the account (A accounts payable) for accounting.

If the enterprise is unable to pay the banker's acceptance bill when it is due, the bill payable shall be converted into a short-term loan according to the book balance, and the "notes payable" account shall be debited and the "short-term loan" account shall be credited.

Bills payable refer to written proof that the drawer issues the bill and the acceptor promises to pay a certain amount of money within a certain period of time. In China, bills payable are incurred in the purchase and sale of commodities due to the use of commercial bills of exchange. Commercial bills are divided into bank acceptance commercial bills and commercial acceptance commercial bills.

Bills payable refer to the enterprise in the purchase and sale of goods and the settlement of the project price due to the use of commercial bills of exchange settlement and occurrence, issued by the drawer, entrusted payer on the specified date to unconditionally pay the determined amount to the payee or the holder of the bill, it includes commercial acceptance bills and bank acceptance bills. In China, the payment term of commercial bills is up to 6 months, so the notes payable are short-term bills payable [2] . Bills payable are divided into two types: interest-bearing notes payable and non-interest-bearing notes payable according to whether they are interest-bearing or not.

If the enterprise is unable to pay the bills, the bills payable should be transferred to accounts payable according to the book balance, and the "notes payable" account should be debited and the "accounts payable" account should be credited.

It should be transferred to accounts payable.

Debit: Accounts receivable.

Credit: Notes payable.

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Commercial bills issued and accepted by enterprises.

Notes payable when unable to pay when due.

There are two types of processing:

First, if the enterprise cannot pay the bill when it matures, it is a bank acceptance.

In the case of a bill of exchange, the bank will pay the bill to the bearer, and the enterprise will have a short-term loan.

Liability. Enterprises should convert notes payable liabilities into short-term borrowing liabilities and treat penalty expenses as non-operating expenses.

Dispose. Debit: Notes payable.

Credit: Short-term borrowing.

Borrow: Non-operating expenses.

Credit: Bank deposits.

Second, if the stupid bills that the enterprise cannot pay when due are commercial acceptance bills, the enterprise should convert the principal and interest of the notes payable into accounts payable.

Penalty interest is also treated as a non-operating expense.

Further information: A commercial draft is an instrument issued by the drawer, and the payer is entrusted to unconditionally pay a certain amount to the payee or bearer on the specified date. Commercial bills are divided into commercial acceptance bills and bank acceptance bills.

The commercial acceptance bill is accepted by the payer other than the bank (the payer is the acceptor), and the bank acceptance bill is accepted by the bank. The payment term of the commercial draft shall not exceed 6 months (the electronic commercial draft can be extended to 1 year).

1.Party.

Commercial bills generally have three parties, namely the person who issued the bill, the payee and the payer.

2.Drawer.

When an industrial and commercial enterprise needs to use a commercial draft, it can become the drawer. Commercial drafts vs. bank drafts.

The main difference is: the acceptor is different.

3.Payee.

It is the person who actually receives the amount of the bill of exchange as actually stated on the commercial draft. It has the following circumstances: a. if the drawer is the debtor in the underlying relationship, the payee should be its relative creditor; After receiving the bill, the creditor is in a state of confusion, and reminds other industrial and commercial enterprises or banks that have a financial relationship with the drawer for acceptance, and the creditor can collect the payment on the specified date with the bill.

b. If the drawer is a creditor in the underlying relationship, the drawer should be the payee; In this case, the drawer, as a creditor, issues a bill of exchange to its relative debtor, and then the debtor reminds its bank of account for acceptance (and sufficient funds), and then returns the bill of exchange to the drawer; The original drawer may collect the face value of the debtor through the bank with the bill on the specified date.

If the commercial acceptance bill cannot be repaid when it expires, how should it be resold?

If the commercial acceptance bill cannot be repaid when it expires, it should be resold by contacting the institution. 1.Entrust a third-party agency to dispose of:

You can entrust a third-party organization such as a financial institution or a law firm to dispose of it in order to maximize the value. 2.Transfer to another agency:

You can transfer a commercial acceptance bill to another financial institution or investor in exchange for cash or other celebratory assets. 3.Negotiate with the debtor:

You can negotiate with the debtor for a solution, such as deferred repayment, installment repayment, etc.

After the expiration of the commercial acceptance bill, if the enterprise is unable to repay, the correct accounting entry:

Debit: Accounts receivable.

Credit: Notes payable.

Bills receivable: 1. Bills receivable refer to the commercial bills received by enterprises for the sale of goods and the provision of labor services.

2. A commercial draft is a kind of bill issued by the drawer, and the payer is entrusted to pay a certain amount to the payee or bearer unconditionally on the specified date.

3. The maximum payment period of commercial bills shall not exceed 6 months.

4. Commercial bills are divided into commercial acceptance bills and bank acceptance bills.

The discount rate is generated by adding percentage points to the rediscount rate, and the increase rate is determined by the People's Bank of China. The discount rate of commercial acceptance bills is generally higher than that of bank acceptance bills, but not more than the loan interest rate of the same period.

Legal analysis: when the bill of exchange is due, if the payer is unable to pay, or refuses to pay, the bearer can seek recourse from the drawer, endorser, guarantor and other debtors of the bill. The bearer may not follow the order of the debtor of the bill of exchange, to exercise the right of recourse against any one, several persons or all.

The amount recourse of the bearer includes three parts: one is the amount of the bill of exchange, the second is the interest from the refusal to pay to the receipt of the ticket, and the third is other expenses incurred when obtaining the refusal certificate, such as taxi fares.

Legal basis: Article 7 of the provisions on the punishment of violating the bank settlement system of the commercial acceptance bill, the payer can not pay the bill, according to the face value of the fine of 5% but not less than 1,000 yuan.

Article 61 of the Negotiable Instruments Law If the bill of exchange is refused to be paid when due, the bearer may exercise recourse against the endorser, the drawer and other debtors of the bill.

When the commercial acceptance bill cannot be repaid when it expires, the accounting treatment that the acceptance enterprise should carry out is to transfer it to accounts payable.

A commercial acceptance bill is accepted by a payer other than a bank. The commercial acceptance bill shall be issued by the selling enterprise or the purchasing enterprise according to the agreement between the two parties to the transaction, but shall be accepted by the purchasing enterprise. The payer of the commercial acceptance bill shall notify the bank of payment on the same day after receiving the payment notice from the opening bank.

A commercial draft is an instrument issued by the drawer, and the payer is entrusted to pay a certain amount unconditionally to the payee or bearer on the specified date. A commercial acceptance bill is accepted by a payer other than a bank. According to the agreement between the two parties to the transaction, the commercial acceptance bill shall be issued by the shortage sales enterprise or the purchasing enterprise, but shall be accepted by the purchasing enterprise.

The characteristics of commercial acceptance bills are as follows:

1. The payment term of commercial acceptance bills shall not exceed 6 months for paper bills and 12 months for electric bills;

2. The prompt payment period of the commercial acceptance bill shall be 10 days from the maturity date of the bill;

3. Commercial acceptance bills can be endorsed and transferred;

4. When the holder of the commercial acceptance bill needs funds, he can apply to the bank for discount with the unexpired commercial acceptance bill;

5. It is applicable to settlement in the same city or other places.

Acceptance, is Fu Nian early refers to the bearer before the bill of exchange expires, requiring the payer to make a record of the due payment on the bill. A system unique to bills of exchange. The payer usually signs the front of the bill of exchange.

The relationship between the invoicer and the payer is one of entrustment, and the invoicer issuing the invoice does not mean that the payer must pay. In order to make the bill of exchange due for payment, the drawer must present the bill of exchange to the payer for acceptance. Only after the payer signs and accepts the bill of exchange is legally responsible for the payment of the bill.

Before the payer accepts, the main debtor of the bill of exchange is the invoicer, after acceptance, the payer becomes the main debtor, the invoicer and its endorser are from the debtor, and the acceptance must be the bearer of the actual presentation of the instrument, which is called a reminder. Bills of exchange payable at sight do not need to be prompted for acceptance. Bills of exchange for regular payment at sight should be accepted in advance.