2 thoughts on “How to deal with gold borrowed from the bank?”
Debbie
In recent years, due to the tightening of silver roots, the company's loan from banks has been restricted. Some banks have carried out gold leasing business to rent the bank's own gold to jewelry companies, establish a gold leasing contract, and agreed to return bank gold within a certain period, and banks have directed to banks, while banks have directed to towards the bank. Enterprises charge gold lease fees and issue lease fees invoice. 1. For short -term borrowing. The reason is that gold is also money. Borrowing gold from the bank is the same as borrowing money from the bank. The gold price of gold borrowed gold is converted into RMB on the day of the gold, borrowing inventory, and loan short -term borrowing. When returning, do the opposite score. It is equivalent to temporarily estimated accounts and rushing back. (The price of gold changes at any time, and the price of time will be very different). The lease fee paid to the bank is included in the financial expenses-interest expenses. 2. List in trading financial liabilities. The listed company Dongfang Jinyu 2010 and 2011 Reports were prepared. The difference in the price of gold price is included in fair value changes. I personally think that borrowing gold is used for processing and should be listed in inventory-raw materials, but the corresponding reason for financial liabilities and reasonable? Can't see it in the annual report. 3. The leased gold is not reflected in the report. This is my personal adherence, because the purpose of borrowing gold is to transfer weekly. I read the relevant contract carefully and found that the bank provided a gold lease invoice, the lease fee was charged, and the bank's borrowing gold was not in the bank's credit indicators, so I suggested that the account is not processed. Prepare the physical account of the warehouse. The lease fee paid to the bank is directly included in the manufacturing fee or management expenses at the time of incurred. . My reason is that the company borrows gold, and it is also gold when it is repaid. It is only leased. The company has no ownership of the gold borrowed. Similar examples are: house leases will not account for the original value of the house, and the lease costs incurred are also directly included in the management fee.
Assuming the gold is 10000, the accounting is: borrowing: inventory cash 10000 loans: short -term borrowing 10000 borrowed gold from banks, short -term borrowing accounts increased, bank deposit accounts increased. The bank deposits are asset accounts, which are added to the debit; short -term borrowing is liability account, which increases to the loan party.
In recent years, due to the tightening of silver roots, the company's loan from banks has been restricted. Some banks have carried out gold leasing business to rent the bank's own gold to jewelry companies, establish a gold leasing contract, and agreed to return bank gold within a certain period, and banks have directed to banks, while banks have directed to towards the bank. Enterprises charge gold lease fees and issue lease fees invoice.
1. For short -term borrowing.
The reason is that gold is also money. Borrowing gold from the bank is the same as borrowing money from the bank. The gold price of gold borrowed gold is converted into RMB on the day of the gold, borrowing inventory, and loan short -term borrowing. When returning, do the opposite score. It is equivalent to temporarily estimated accounts and rushing back. (The price of gold changes at any time, and the price of time will be very different). The lease fee paid to the bank is included in the financial expenses-interest expenses.
2. List in trading financial liabilities.
The listed company Dongfang Jinyu 2010 and 2011 Reports were prepared. The difference in the price of gold price is included in fair value changes. I personally think that borrowing gold is used for processing and should be listed in inventory-raw materials, but the corresponding reason for financial liabilities and reasonable? Can't see it in the annual report.
3. The leased gold is not reflected in the report.
This is my personal adherence, because the purpose of borrowing gold is to transfer weekly.
I read the relevant contract carefully and found that the bank provided a gold lease invoice, the lease fee was charged, and the bank's borrowing gold was not in the bank's credit indicators, so I suggested that the account is not processed. Prepare the physical account of the warehouse. The lease fee paid to the bank is directly included in the manufacturing fee or management expenses at the time of incurred.
. My reason is that the company borrows gold, and it is also gold when it is repaid. It is only leased. The company has no ownership of the gold borrowed.
Similar examples are: house leases will not account for the original value of the house, and the lease costs incurred are also directly included in the management fee.
Assuming the gold is 10000, the accounting is:
borrowing: inventory cash 10000
loans: short -term borrowing 10000
borrowed gold from banks, short -term borrowing accounts increased, bank deposit accounts increased.
The bank deposits are asset accounts, which are added to the debit; short -term borrowing is liability account, which increases to the loan party.