Issuance And Acceptance Of Commercial Acceptance Bills

The issuance and payment of commercial acceptance bills are basically the same as those accepted by banks except for the following points:

(1) issue of bills of exchange. Commercial acceptance Money Order In accordance with the agreement of the two parties, it can be issued by the paying unit or by the payee. The commercial acceptance bill is in triplicate. The first union is a card, which is retained by the acceptor (payment unit). The second is a commercial acceptance bill. The Bank of the payee opens the bank with the certificate of settlement and pays the summons as the appendix. The third is the stub Union, which is checked by the issuer. The commercial acceptance bill is accepted by the paying unit. When the payment unit accepts, it does not need to fill in the acceptance agreement, nor does it go through the bank. Therefore, it does not need to pay the service fee to the bank. It only needs to sign the word "acceptance" on the second front of the commercial acceptance bill and affix the printed signature of the reserved bank to the receiving unit. Issued by payee. Commercial acceptance bill It should first pay the acceptance of the unit, and then pay the receivable unit for safekeeping.

(2) entrust a bank to collect money. As a receiving unit, calculate the postal process from the unit to the Bank of the drawee bank, and entrust the bank to collect the bill before the expiry of the bill. When entrusting a bank to collect money, it should fill in the "five way" certificate of entrustment receipt. In the column of the name of the entrusted receipts certificate, the words "commercial acceptance bill" and the number of the bill of exchange are marked, and the official seal of the receivables will be attached to the Bank of the second sides of the commercial acceptance bill and sent to the open bank. After opening the bank, the bank will process the collection procedures and return the first copy of the "entrusted collection voucher" after the seal to the recipient unit for preservation.

(3) maturity payment. When the commercial acceptance bill is due and the deposit account is not paid or insufficient to pay, the Bank of the paying unit will collect a fine according to the 5% of the face value of the commercial acceptance bill, and charge less than 50 yuan at 50 yuan, and notify the payment unit to send the certificate of collection and the commercial acceptance bill to which it is attached. The payment unit shall return the 2 part of the entrusted receipts certificate and the commercial acceptance bill to the Bank of account within the next day after receiving the notice. After the receipt bank receives the receivable receipt and the commercial acceptance bill returned by the paying unit, the unit of payment should specify the third part of the entrust receipts certificate and the fourth column "transfer reason" column. No payment "With the addition of the official seal of the banking business, the Bank of the receivables shall be returned to the receiving unit, and the payment unit and the payment unit shall negotiate the issue of the fare itself. If the financial department of the payment unit has jointly processed the second part of the entrustment receipt voucher and the commercial acceptance bill, and therefore can not return it, it may fill in a two form "proof of payment payable". The Bank of the first joint delivery unit will return it to the receiving unit with the other certificate, and then turn it over to the receiving unit.

As a unit of payment, when a commercial acceptance bill is refunded due to inability to pay, it should prepare a transfer voucher and convert the payable notes into accounts payable.

Borrowing: accounts payable

Credit: notes payable

And register in the "notes payable reference book".

Accordingly, when the receiving bank receives the commercial acceptance bill returned by the paying unit transferred by the bank, it should prepare the transfer voucher and convert the receivable into accounts receivable. Its entry is:

Borrowing: accounts receivable

Loan: notes receivable

It should also be recorded in the "notes receivable book".

If the payment unit and the receiving unit negotiate and continue to adopt the commercial acceptance bill for settlement, the commercial acceptance bill should be opened and the transfer voucher should be prepared.

Note payable

Credit: accounts payable

Similarly, upon receipt of the commercial acceptance bill accepted by the payment unit, the same payee should also make a transfer voucher. Its entry is:

Borrowing: notes receivable

Loan: accounts receivable

The payment unit should pay the certificate of payment when it receives the certificate of fines due to its inability to pay bills when the bank has received the bank's account. Its entry is:

Borrowing: non operating expenses

Loan: bank deposit

(4) discount. The discounted commercial acceptance bill is due to be charged to the paying unit by the discount bank. If the bill is due and the payment unit is insufficient or no payment is made, the bank will return the commercial acceptance bill to the discounted applicant according to the payment and settlement method, and collect the discounted tickets from the account of the discounted applicant (the recipient unit). After receiving the special summons, the receiving bank can immediately recover the fare from the paying unit. If the bank balance of the discount bank is insufficient, the bank will handle the overdue loan. Therefore, there is a "contingent liability" problem in the application discount of commercial acceptance bills, that is, the enterprises that apply for discounting have a potential and potential debt.

(5) loss and cancellation. If a commercial acceptance bill is lost or unused for cancellation, there is no need to cancel it to the bank.