Some units purchase bank acceptance bills to pay for goods. How do they do the accounting? Can you explain in detail?

When obtaining a money order

Debit: other monetary funds - bank draft

Credit: bank deposit

When paying for goods:

Debit: Accounts payable - a certain unit (or raw materials)

Credit: Other monetary funds - bank draft

Divided into non-interest-bearing and non-interest-bearing Accounting processing with interest:

When issuing a bank acceptance bill

Debit: Material purchase

Raw materials

Inventory goods

Accounts payable

Taxes payable-VAT payable (input tax) and other accounts

Credit: Notes payable-bank acceptance bill

Procedure for payment of bank acceptance bill

Debit: financial expenses

Credit: bank deposit

When repaying bank acceptance bill, the book balance should be paid Carry forward

Debit: Notes payable - bank acceptance bill

Credit: bank deposit

For interest-bearing bank acceptance bills, the interest payable will be included in the current financial statements at the end of the period. Expenses

Debit: Financial expenses

Credit: Notes payable-bank acceptance bill