Debit: other receivables-company name,
Loan: bank deposit.
2 enterprises to recover loans and interest income:
Debit: bank deposit,
Financial expenses-interest income (red),
Loan: other receivables-company name.
3. When an enterprise receives a loan from another company:
Debit: bank deposit,
Loan: other payables-company name.
When the enterprise repays the loan and pays interest:
Debit: other payables-company name,
Business expenses, convenience expenses,
Loan: bank deposit.
Loans between enterprises should be accounted for by "other receivables" or "other payables". Among them, "other receivables" refers to various receivables and temporary payments other than financial assets, bills receivable and accounts receivable that enterprises buy and sell back; "Other accounts payable" refers to accounts payable that are not directly related to the main business of the enterprise, or that temporarily receive money from other units or individuals.
Is it legal to borrow money between companies?
Inter-enterprise lending refers to the behavior of non-financial enterprises lending to each other. According to the law of our country, non-financial enterprises are not allowed to borrow from each other under normal circumstances. However, in the actual judicial practice, in view of some outstanding problems existing in the current economic operation, the lending behavior between non-financial enterprises needs to be judged according to specific cases. If there is a relationship between superiors and subordinates and a long-term business relationship, and the enterprise needs temporary, individual and short-term loans that are not for the purpose of charging high interest due to the difficulty of capital turnover, it is not considered as an illegal act of handling lending or disguised lending financing business in violation of state regulations at the time of review, and other factors are considered at the same time, the borrowing behavior can be determined to be effective. If an enterprise lends its own funds to other enterprises to help them solve the problem of urgently needed funds, it may calculate the interest according to the benchmark interest rate of similar loans in the same period.