Entrusted Bank Loan Account Processing

In the process of production and operation, enterprises often form part of the temporary idle funds. Making good use of living capital is one of the important ways for enterprises to improve their economic efficiency. In order to improve efficiency and reduce risks, enterprises generally invest in this part of surplus funds by entrusting bank loans.

For the entrusted loans of one year (less than one year), the company will set up detailed accounts in the "short-term investment" subject, accounting for more than one year's entrusted loans. It is necessary to set up long-term debt investment - other long-term debt investment (principal, accrued interest) and investment income.

In accordance with the principle of accrual basis, the entrusted commission fee entrusted by a company to a bank loan can be included in the profit and loss at the time of entrustment. If the amount is large, it can be amortized in the period of the entrusted loan when the interest income is recognized, and shall be included in the profit or loss.

Example: a company commissioned the ICBC to issue a loan of 1 million yuan in January 1, 1998, while paying bank charges 36 thousand yuan.

The bank will lend this fund to B enterprises and pay interest on a quarterly basis, with a loan term of 3 years and an annual interest rate of 12%.

Cost - handling fee 36000 loan: bank deposit 1036000 2, monthly interest at the end of the month: loan for long term investments - other long term debt investments (accrued interest): 1000 loan: investment income 10000 3.; monthly commission commission fee 1000 yuan (36000 36000 3 12): investment income 1000 loan: fee to be paid - 1000 4. industrial and commercial bank to collect loans interest to B enterprises quarterly: 1000000x12% 4 4 = 30000 yuan, according to the relevant provisions of the Provisional Regulations on business tax and its implementation rules, ICBC should withhold business tax: 30000 x x = 30000 yuan (assuming no consideration of urban construction tax and education Fei Fujia). The accounts of the company are as follows: 1., remit the deposit and pay the handling fee: long term debt investment - other long term debt investment (principal) 1000000 pending.

ICBC should pay a business interest every quarter: 30000-2400 = 27600 yuan.

When the interest is withdrawn, the enterprise's tax withholding tax slip and relevant original vouchers are recorded as follows: investment income 2400 loan: payable tax: business tax 2400 should be paid: bank deposit 27600 should pay tax: business tax 2400 loan: long-term debt investment - other long-term debt investment (accrued interest) 30000 5.. When recouping the investment, the entry is as follows: bank loans 1000000 Loans: long-term debt only investment - other long-term debt investments (principal) 1000000.