How to calculate the bank guarantee fee?
1. The enterprise pays the bank guarantee fee, and the accounting entry is:
Borrow: other monetary funds-security deposit
Loans: bank deposits
2. When the enterprise pays the bank guarantee fee, the accounting entries are:
Borrow: financial expenses-formalities expenses
Loans: bank deposits
3 bank guarantee fee interest income, accounting entries are:
Debit: bank deposit
Debit: Finance Expense-Interest Income (Red)
A bank guarantee refers to a written credit guarantee certificate issued by a bank, an insurance company, a guarantee company or a guarantor to the beneficiary at the request of the applicant, which guarantees that the guarantor will perform a certain amount of payment or economic compensation responsibility on behalf of the applicant within a certain period of time when the applicant fails to fulfill his responsibilities or obligations as agreed by both parties.
What are the other monetary funds?
Other monetary funds include bank draft deposits, bank promissory notes deposits, credit card deposits, letter of credit deposits, investment deposits and foreign currency deposits.
1. Bank draft deposit
Refers to the bill issued by the issuing bank and unconditionally paid to the payee or holder according to the actual settlement amount at sight.
The drawer bank of a bank draft is the drawee of the bank draft.
Units and individuals can use bank drafts for accounting of various funds.
Bank drafts can be used to transfer money, and bank drafts marked "cash" can also be used to withdraw cash.
2. Bank cashier's check deposit
Refers to a bill issued by a bank that promises to pay a certain amount to the payee or holder unconditionally at sight.
When units and individuals in the same settlement area need to pay all kinds of money, they can use cashier's checks.
A cashier's check can be used to transfer money, and a cashier's check marked "cash" can be used to withdraw cash.
3. Credit card deposit
Refers to the money that an enterprise deposits into a bank credit card account in order to obtain a credit card.
Credit card is a kind of bank card.
4. L/C deposit
Refers to the money deposited in the bank's letter of credit deposit account by an enterprise that opens a letter of credit by means of letter of credit settlement.
When an enterprise applies to a bank for opening a letter of credit, it shall submit an application for opening a letter of credit, a letter of commitment from the applicant of the letter of credit and a purchase and sale contract to the bank as required.
5. Deposit investment fund
Refers to the funds deposited by an enterprise in an investment account opened by a bank designated by a securities company for purchasing stocks, bonds, funds, etc. According to the relevant regulations.
6. Foreign deposits
Refers to the money remitted by an enterprise to a purchasing bank to open a purchasing account for temporary or sporadic purchases in other places.