Accounting entries for repayment of shareholders' loans
Debit: Other payables
Credit: cash on hand, etc.
Accounting treatment of individual shareholders' borrowing from the company
Debit: Other receivables.
Loans: bank deposits
What are other payables and other receivables?
Other payables refer to the money payable or temporarily received from other units or individuals that is not directly related to the main business of the enterprise. In fact, other accounts payable include:
Rent, deposit, pension payable as a whole, and wages that employees fail to receive on schedule for fixed assets and packaging temporarily collected by enterprises.
Other payables are liabilities. The debtor indicates that other payables decrease, that is, liabilities decrease, and the lender indicates that other payables increase, that is, liabilities increase.
Other receivables refer to all kinds of receivables and temporary payments except notes receivable, accounts receivable, prepayments, dividends receivable and interest receivable.
What are other receivables?
1, all kinds of compensation and fines are receivable.
Compensation that should be charged to the relevant insurance company due to accidental loss of enterprise property;
2. Rent receivable for the rental package;
3. All kinds of advance payments that should be collected from employees, such as utilities paid for employees and medical expenses that should be borne by employees;
4. deposit, such as the deposit paid by renting a package;
5. Other receivables and temporary payments.