A bill of exchange is a type of debt obligation, which is drawn up in the prescribed form and allows you to demand the payment of a specified amount at the end of the term. Operations on promissory notes are reflected in the accounting of the enterprise on separate sub-accounts and are accounted for as part of the drawer's expenses. The write-off is made upon repayment of the debt obligation
Instructions
Step 1
Draw up a bill for the amount of the company's accounts payable. It must be drawn up on a special form, which is produced by the printing house of Goznak. Put a bill of exchange, indicate the amount of money, set the due date. Be sure to certify the document with the signature of the head and the seal of the enterprise.
Step 2
Reflect the transfer of a bill of exchange to the holder of an internal record on the credit of account 60 "Settlements with suppliers and contractors" in correspondence with account 91.2 "Other expenses". Organize an off-balance sheet account 009 "security for payments and liabilities issued", which will account for all promissory notes issued. This accounting method is used for trade notes.
Step 3
Consider financial promissory notes in accounting in accordance with the provisions of clause 3, clause 8 and clause 9 of PBU 19/02. It says here that these securities are related to the financial investments of the enterprise, therefore, they are reflected by analogy with calculations for loans and credits.
Step 4
After the transfer of the bill, open a loan on account 66 or 67, which relate to short-term and long-term debt obligations, respectively. In correspondence with this account there will be account 76 "Settlements with creditors and debtors". When calculating the discount, you must also open a debit on account 91.2.
Step 5
Write off a bill that is presented for maturity on time. Transfer the indicated amount to the holder of the bill, which is transferred from the current account or issued from the cash desk on a cash outflow order. In accounting, this operation is reflected on the credit of account 51 "Current account" or account 50 "Cashier" in correspondence with the account on which the debt liability was recorded. Then credit the appropriate amount from off-balance sheet account 009.
