How to make accounting entries after receiving discount vouchers

After receiving the discount voucher, make the following accounting entries:

Debit: bank deposits, financial expenses; Credit: bills receivable. Bank deposits shall be subject to the actual discounted funds received, financial expenses shall be subject to the interest discounted to the bank, and bills receivable shall be subject to the discounted amount of bills.

Bill discount:

Bill discount is the discount of bills receivable and bills payable. A way for enterprises to raise funds. Before the bill receivable expires, the enterprise endorses the bill and submits it to the bank for discount. The balance of the maturity value of bills paid by banks to enterprises after deducting the interest (discount) from the discount date to the maturity date calculated according to the discount rate is called bill receivable discount. The formula for calculating the discount interest and the actual amount of bills receivable is:

Discount interest = maturity value of bills × discount rate × discount period

Earned amount = bill maturity value-discount interest

Before the drawer pays the discounted bills to the bank, the discounted bills receivable are the contingent liabilities of the enterprise. The enterprise issues bills by itself and discounts them to the bank, and the bank pays the balance after deducting the discount interest from the face value of the bills to the enterprise, which is called bill payable discount. The calculation of bills payable discount and realized amount is similar to that of bills receivable discount. When discounting bills payable, the account "Discounting bills payable" should be set for accounting, which is the deduction account of bills payable. Discount of notes payable shall be amortized on schedule and converted into

Interest expense.

Generally speaking, bill discount can be divided into three types, namely, discount, discount and rediscount.

Discounting means that customers (ticket holders) sell unexpired bills to discount banks in order to get cash in advance. The discount of bills handled by general industrial and commercial enterprises to banks belongs to this category;

Cash discount refers to the transfer of unexpired bills purchased by banks to other commercial banks. Cash discount is generally a way for commercial banks to lend money to each other. Re-discount refers to the behavior that the discount bank discounts the unexpired discounted bills to the People's Bank of China and obtains re-loans from the People's Bank of China by transferring the bills. Rediscount is a credit business of the central bank and a monetary policy tool used by the central bank to implement monetary policy.