The accounting entries are as follows:
Debit: bank deposit
Loans: Other payables-Head Office
This course accounts for the amount payable and temporarily received by enterprises from other units or individuals, such as the rent payable for rented fixed assets and packaging materials, the amount payable and temporarily received by deposits, and the decoration deposit received by subordinate units and individuals, branches and head offices, owners and property management households within their jurisdiction, etc. The overall pension payable to employees, as well as the accounts receivable temporarily paid by superior units and subordinate units.
However, the accounts payable to suppliers often occur in enterprises are accounted for in the accounts payable and notes payable subjects.
Extended data:
Audit procedures for branches to borrow money from the head office
1. Obtain or compile other accounts payable details, check whether the calculation is accurate, and check with related items in subsidiary ledger, general ledger and statements.
2. Implement analytical review.
3. Recover other payables for confirmation.
4. If the confirmation letter cannot be recovered or the reply result is inconsistent with the enterprise's book records, an alternative procedure should be adopted to review the subsidiary ledger for the next year, or to trace the economic business voucher when other payables occur.
Baidu encyclopedia-other payables
Baidu Encyclopedia-Accounting Entry