Debit: bank deposit,
Loan: short-term loan, long-term loan,
Or the bank pays the supplier directly,
Debit: accounts payable,
Loans: short-term loans and long-term loans.
2. Borrowing from individuals or other companies:
Debit: bank deposit,
Credit: other payables.
Is it necessary for enterprises to sign contracts to borrow money from individuals?
1. The interest expenses incurred by an enterprise in borrowing from shareholders or other natural persons related to the enterprise shall be calculated in accordance with the conditions stipulated in Article 46 of the Enterprise Income Tax Law of People's Republic of China (PRC) (hereinafter referred to as the tax law) and the Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on Tax Policy Issues Concerning the Pre-tax Deduction Standard for Interest Expenses of Related Parties of Enterprises (Caishui [2008] No.65438 +02 1).
2. If an enterprise borrows money from internal employees or other personnel other than those specified in Article 1 and meets the following conditions, and the interest expense does not exceed the amount calculated according to the interest rate of similar loans of financial enterprises in the same period, it shall be deducted in accordance with Article 8 of the Tax Law and Article 27 of the Regulations for the Implementation of the Tax Law.
(1) The loan between an enterprise and an individual is true, lawful and effective, and there is no illegal fund-raising purpose or other illegal acts;
(two) enterprises and individuals signed a loan contract.
Basis: Notice of State Taxation Administration of The People's Republic of China on Pre-tax Deduction of Enterprise Income Tax on Interest Expenses of Borrowing from Natural Persons by Enterprises (Guo [2009] No.777).