How To Deal With Bills Payable On Time?

If a commercial acceptance bill, which is issued and accepted, cannot be paid on time, it should pfer the balance of the notes payable into the accounts payable payable at the time of maturity of the bill, and deal with it again after negotiation. If the new bill has been re issued to settle the original payable note, then it will be pferred from the accounts payable account to the notes payable subject.

If a bank accepts a bill of exchange, if the bill is due, and the enterprise is unable to pay the maturing ticket, the accepting bank will pay the unpaid payment to the bearer without paying the bill to the drawee, and the amount of the bill which has not been paid by the drawer will be converted into an overdue loan, and the interest shall be charged at 5/10000 per day.

When an enterprise fails to pay its due bank acceptance bill, it will debit "payable" subject and receive the "short-term loan" subject when it receives the relevant documents such as "XX draft without payment to the overdue borrower" and so on.

The interest on the collection shall be treated according to the short-term loan interest.