A financial or commodity bill is used to pay off overdue debts on loans to an enterprise. This document must be reflected in the accounting without fail.
Necessary
- - Accounting;
- - documents on conducted transactions.
Instructions
Step 1
Receive a financial or trade bill from the debtor company. In this case, the amount of credit obligations must exceed the resulting debt. This difference is called a discount and is compensation for a delay in payment. It will need to be reflected in the other income of the holder of the bill. Fill in the accounting off-balance sheet account 008 called "Securing payments and obligations", reflecting in it the amount indicated in the bill. It is this amount that will be written off in the future when paying off debt obligations.
Step 2
Reflect the bill of exchange received on the credit of account 62, which is called "Settlements with customers and buyers" and refer to the correspondence of account 91.1 "Other income". Consider the proposed discount and the amount owed by the drawer. If necessary, attribute the deferral compensation to account 98.
Step 3
Maintain the accounting records of settlements on financial promissory notes in the same way as for issued loans and credits. Follow the rules specified in paragraphs of PBU 19/02, which describe transactions in securities. In accordance with this document, refer the received promissory notes to the financial investments of your company. It follows from this that the holder of a bill is obliged to capitalize this bill of exchange in the accounting department at a value corresponding to the actual acquisition costs.
Step 4
Use the debit of account 58 "Financial investments" and the credit of account 76 "Settlements with different debtors" to capitalize the interest bill at par. The amount received from the drawer immediately after repayment of the debt, refer to the income of the enterprise on account 91.1. The value of the bill must be reflected in the expenses using the corresponding account 91.2 - “Other expenses”. After that, you should get the financial result of the transaction, which will be equal to the discount.
