The basic common sense, interest calculation
(a) interest rate conversion formula for RMB business (Note: Loan general):
The 1 day rate (0 / 000) = annual interest rate (%), 360= monthly interest rate (%), 30
The 2 month rate (%) = annual interest rate (%), 12
(two) banks may use the product of interest and individual interest interest calculation.
1 product of interest method according to the actual number of days cumulative daily account balance, the cumulative number multiplied by the daily rate of interest. Interest formula for:   
Interest = cumulative charge number * day rates, the cumulative charge number = daily balance total number.
2 specific interest on interest bearing formula predetermined = principal * rate X loan interest calculation one by one, especially in three:
Interest period for the whole year (month), interest formula for:
The interest of principal x = year (month) x number of years (months) rate
Interest period a year (month) and odd days, interest formula for:
② interest principal x = year (month) x number of years (months) interest rate + principal * odd days * daily interest rate
At the same time, the bank may choose the interest will be calculated interest period turn to the actual number of days a year, for 365 days (leap year 366 days), month calendar month for the actual number of days, interest formula for:
The actual number of days interest principal x = x daily interest rate
The three formula is essentially the same, but because the interest rate conversion in a year only 360 days, but the actual daily interest calculation, a year will be counted as 365 days, the result will be a little deviation. The specific use of the formula, the central bank to financial institutions to choose the right. Therefore, the parties and financial institutions can be specified in the contract. A table is a common practice in the commercial bank.
(Table 1)

Serial number
 Project name
 Methods of interest calculation
 
 1
 Company loan
 Specific interest (formula ③)
 
2
 Trade finance
 Specific interest (formula ③)
 
3
 Retail loan
 
 
4
 Matching principal repayment law
 Specific interest (formula II)
 
5
 Matching interest repayment law
 Specific interest (formula II)
 
6
 Flexible repayment method
 Specific interest (formula ③)
 
7
 A debt service (1 years and below)
 Specific interest (formula)
 
8
 Semi Credit Card
 
 
9
 Petty cash deposit (person)
 Product of interest
 
10
 The reserve fund deposits (unit)
 Product of interest
 
11
 Margin deposit
 The same unit / savings deposit
 
12
 Make an overdraft
 Product of interest
 

 

(three): compound interest compound interest on interest on interest rates for certain. In accordance with the provisions of the central bank, the borrower fails to repay the interest according to the time of the contract, it will charge interest.
(four) the lender would impose a punitive interest: the prescribed time limit according to the return of bank loans, banks and the parties signed the contract on the show's punishment interest that banks would impose a punitive interest.
(five) loans overdue penalty interest: nature and the same, the party in breach of contract penalties.
(six) the formulation and filing of interest method
   Methods of interest calculation of national commercial bank corporate development plan, settlement rules and deposit and loan business, head office of the people's Bank Chinese reported for record and inform the customer; regional commercial banks and city credit cooperatives reported to the people's Bank branch, the provincial capital (capital) city branch of the center for the record and inform the customer; Rural Credit Cooperatives Union Corporation can establish county methods of interest calculation, settlement rules and deposit and loan business according to the actual situation of the county, rural credit cooperatives, submitted to the people's Bank branch, the provincial capital (capital) city branch of the center for the record, and inform the customer by the legal person of rural credit cooperatives.
(seven) the reference:
1 "the RMB interest rate management regulations" silver hair [1999] 77.
2 "notice" the people's Bank of China on issues related to the RMB loan interest rates of silver [2003] No. 251.
3 China "people's Bank on the RMB deposit and loan interest calculation and settlement of notice" the silver [2005] No. 129.
 
 
(2008-07-16 08:41:44) Tags: compound interest law formula funds investment tool stock Classification: stock investment
   When we do the financial planning, understand the operation and calculation of interest is very important. We often like to use the "compound interest" to describe a profitable investment, fast return amazing, for example with 10000 yuan to buy the annual rate of return of 20% shares, if all goes well, about 3 and a half years, 10000 yuan to 20000 yuan. Time multiplier effect of compound interest, which is the key.

The compounding formula spread out, "interest and principal x = (1 + interest rate) x number" of this "period" of time factor are the key factors in the formula, year after year (January or January) multiplied down, numerical would become more and more large.

Although the compounding formula is not difficult to understand, but if the period number, it is quite troublesome, so there are many personal finance books on the market, are listed with table of compound interest, investors as long as the table Suo Ji, easily can be calculated.

But the table of compound interest while easy to use, but also can not always with me, if meets the need to interest payments, there is a simple "rule of 72" can be tricky.

The so-called "rule of 72" is the 1% compound to interest bearing, after 72 years, you will become a times the original principal. This formula is that it can use to push ten, for example: the 5% annual rate of return of investment tools, after 14.4 years (72/5) the principal becomes a times; the 12% investment tool, takes 6 years (72/12), to make 1 dollars to 2 dollars.

Therefore, if you have 1000000 yuan, the rate of return of 15% investment tool, you can quickly know, after 4.8 years, 1000000 yuan will you become 2000000 yuan.

Although the use of the rule of 72 unlike table lookup calculation so precise, but also has very close, so when your hands a little table of compound interest, remember the 72 simple rules, you may be able to help a lot.
 
Author: anonymous clicks: 16193 update time: 2009-7-28 16:36:28
 
   At present, bank housing loans are the main varieties of enterprise class and individual class two categories. We only introduce human loan. 

      Personal loans can be divided into two categories: personal housing accumulation fund loans and individual business loans. Individual business loans can be divided into six varieties: (1) personal house purchase loans (including the forward delivery housing and housing); (2) personal second-hand housing loan; (3) individual housing loans decoration; (4) the personal consumption loans Home Furnishing; (5) individual commercial housing loans; (6) individual housing loan portfolio; 

A, personal housing accumulation fund loan 

      Personal housing accumulation fund loan refers to the staff on the funds management center normal paid housing provident fund units, the purchase, the construction of owner occupied housing in the city (including second-hand housing), with its own housing property as collateral, and the legal person has the guarantee ability to provide guarantee for the loan funds management center. The loan by the fund management center issued by banks. 

(a) individual housing provident fund loans and the interest rate 

       Personal housing accumulation fund loans for a period of 1 to 30 years (including the purchase of second-hand housing loan period of 1 - 10 years), and shall not be longer than the statutory retirement age from time; approaching retirement age of workers, considering the ability to repay the loan, may be appropriate to relax the loan period of 1 - 3 years. 

       Personal housing accumulation fund loan interest rates, performed by the housing reform committee in accordance with the relevant provisions of the people's Bank of Chinese. The period of the loan with the national legal interest rate adjustment, the lending rate adjusted accordingly. The issuance of loans, not be adjusted within the year, to adjust the time for next year on January 1. The term of the loan in a year (including one year), loan interest rates are not adjusted. 

(two) personal housing accumulation fund loan amount 

       The purchase of a housing market and self built housing, the maximum loan amount to 150000 yuan, the highest proportion of loans shall not exceed the purchase, the price of housing 70%; the purchase of second-hand housing, the maximum loan amount to 80000 yuan, the highest proportion of loans shall not exceed the purchase of housing 50% of assessed value. 

1, determine the amount of the loan, according to the borrower (including their spouses) shall not be higher than the calculated coefficients of repayment ability, the calculation formula is as follows: 

      Borrowers couples Jijia housing provident fund month income of wages and x 12 months x 35% x loan period (such as borrowers spouse is not normal to pay housing provident fund, the formula of the wage income does not include spouses). 

2, the borrower only one partner normal paid housing provident fund, the loan amount may not exceed 50% of the total value of the purchase, housing; 

Specific loan amount of 3, each of the borrower, the bank loans and funds management center housing reform commission, according to the above provisions, combined with the ability of borrowers to repay loans comprehensive determination. 

(three) the whole process of personal housing accumulation fund loan operation 

1, consultation, receive form; 

2, apply; 

3, signed a loan contract and the mortgage contract; 

4, mortgage registration; 

5, housing registration procedures; 

6, property insurance for housing; 

7, the loan transfer; 

8, the monthly repayment; 

9, the loan to settle the cancellation 

(four) apply for personal housing accumulation fund loan 

      The borrower for provident fund loans, should first fill out the "workers individual housing provident fund loan application form", and sealed by the unit, together with the following documents to bank loans: 

1, borrowers couples ID card, account and marital status (original and copy); 

Issue 2, borrowers couples unit "proof of income" and "provident fund payment certificate"; 

3, the purchase of housing should provide the purchase contract or agreement and receipt of payment; self built housing should provide approval housing files; 

Other documents required by 4, the bank loan. 

  The borrower shall provide the following information for personal second-hand housing provident fund loans: 

1, the purchase of housing "state-owned land use certificate" and "all of housing" 

2, the purchase of housing assessment report 

3, real party couples ID card, residence booklet; 

4, the purchase contract 

(five) the borrower to repay the loan 

      According to the lending banks and the borrowers signed the "loan contract" agreed in the next month, the borrower should monthly repayment of loans, there are two specific ways, choose by the borrower: 

1, 1-20 days a month to the lending bank in cash to repay the loan principal and interest; 

2, entrust loan bank withholding pay. Borrowers signed the "method of repayment agreement" with bank loans, and handle the personal repayment savings card. The borrower repayment amount a pre stored for several months, also can be in the previous monthly 20 nearby in the bank savings deposit repayment amount in full, by the banks directly from the borrower savings account deduct the loan principal and interest should also. 

     The borrower can one-time repayment of all principal and interest of loans, can also be early repayment of loan principal. 

1, the early repayment of all principal and interest of loans, bank loans will be days of loans in accordance with the actual occupation of the re approved the remaining part of the loan principal and interest. 

2, the early repayment of part of the loan principal and interest, the lending bank according to the remaining loan principal recalculation borrowers monthly repayment amount or the duration of the loan. 

Two, the purchase of housing loans to individuals 

      Personal house purchase loans to borrowers to purchase housing as collateral, the bank loans, including forward delivery housing mortgage loans and mortgage loans xianfang. Among them: the forward delivery housing refers to housing or completed acceptance is for housing property housing permits; Xianfang refers to project completion, acceptance and housing property housing permits. Bank housing loans to individuals for the purchase of 80% of the amount of maximum amount. 

(a) individual housing loans 

   Individual housing loans, loans for a maximum period of 30 years. 

(two) the individual housing loan interest rates 

       Individual housing loan interest rates in accordance with the relevant provisions of the people's Bank of Chinese execution. The term of the loan in the event of national adjustment of the legal interest rate, loan interest rates to be adjusted accordingly. The issuance of loans, not be adjusted within the year, to adjust the time for next year on January 1, in accordance with the interest rate level of the implementation of the new interest rate rules. 

(three) the whole process of individual housing loan operation 

   Housing loans to individuals, the whole process can be divided into three stages: 

The first stage, apply, bank survey, examination and approval; 

The second phase, completed mortgage, insurance procedures, bank loan; 

The third stage, at approximately monthly owing on the loan, until repaid the loan interest, mortgage revocation. 

(four) housing loans to individuals required to provide information 

     The borrower to apply for individual housing loans, should first fill out the "individual housing loan application form", also need to provide the following information: 

1, the borrower information: (1) the legitimate identification documents; (2) the borrower income proof or occupation certificate; (3) the spouse the borrower is required to provide evidence of a marital relationship; (4) a common borrowers, must provide the borrower signed by the parties to clear the common repayment written commitment responsibility; (5) a guarantor must provide relevant information, to ensure the. 

2, the purchase of housing information: (1) the borrower and the developers signed the "commercial housing purchase contracts of intent" or "commercial housing sales (pre) for the contract"; (2) a copy of the receipt of the down payment of bank deposit slip and developers issued payment; (3) the lender to other documents or information to provide. 

(five) for housing loans to individuals for housing mortgage registration 

      The loan approval, the purchase should be signed loan contract and the mortgage contract with bank loans, and take the following documents to the housing property in the area of real estate collateral management for registration: (1) the purchase couples ID card, marriage certificate and a copy of the original; (2) the loan contract, mortgage contract copies; (3) the real estate mortgage application examination registration form; (4) all of the purchase contract; (5) other information required for the real estate sector. 

      Real estate collateral management for registration time for the general 15 working days. Mortgage registration is completed, the mortgagor shall be issued by the property management department "forward delivery housing mortgage certificate" or "housing He Xiang of" custody bank loans. 

(six) for housing loans to individuals for housing property insurance procedures 

      Mortgage refers to the debtor or the third person (collateral) to legally owned housing property as repayment of the loan guarantee, only the right value for the repayment of the loan guarantee, when the debtor fails to perform his obligation, the creditor (mortgagee) will be repaid first the housing auction, sale, discount. Therefore, in the period of mortgage, the mortgagee not possession of housing as collateral, and by the mortgagor to use, and the obligation for safekeeping, including the housing insurance, to avoid damage to the housing caused by natural disasters and other accidents, damage and. 

      The people's Bank of Chinese issued the "individual housing loans management approach" to property insurance for housing to make specific provisions for housing mortgage loans, at the same time also stipulated in the mortgage period, the borrower caused from outside fault liability insurance houses destroyed and damaged mortgage losses borne by the borrower. 

       Housing property insurance formalities by the lending bank to handle, the borrower can choose the insurance company. There are two kinds of calculation methods of insurance premium:
(1) to the amount of loans insurance: insurance premium = loans × 0.5 ‰ * the loan period; 

(2) to the housing price insurance: insurance premium = housing price × 0.5 ‰ * the loan period; 

     The above two kinds of insurance compensation, respectively according to the different scope of compensation for calculating the amount of compensation. The house price insurance, according to the actual loss amount in full compensation; amount of loan insurance, according to "the actual loss amount x (reset price the loan amount, the collateral property)" calculate the amount of compensation, the shortfall is insufficient, the borrower shall bear. 

(seven) the borrower does not repay the loan should bear the consequences 

There are two kinds of 1, loan servicing, jointly agreed to by the lenders and banks. 

(1) the matching principal repayment france. During the period of the loan, the monthly repayment of the loan principal, interest on loans with principal month after month. The calculation formula is as follows: 

The monthly repayment amount = loan principal / loan period (months) + (the loan principal repayment amount - accumulated monthly interest rate) x 

2, the borrower fails to repay the loan according to the "loan contract" agreed monthly bank loans, according to the relevant provisions of the people's Bank of China, overdue loans by collecting 2/10000 points of a daily penalty. When any one of the following circumstances, bank loans will be disposed of in accordance with the law of mortgage housing. 

(1) the borrower in the loan period of six consecutive months without repayment of principal and interest for loans; 

(2) the "loan contract" after the expiry of three months did not pay off the loan principal and interest. 

(eight) the borrower under any of the following circumstances banks do not accept individual housing loans 

1, at the age of 18 years (not including) the following, or at the age of 65 years (excluding) the above applicant; 

2 natural person, does not have full civil capacity; 

3, can not provide valid proof of identity, proof of income or occupation certificate, providing false proof of the applicant; 

4, have been found to have bad credit records of the applicant. 

Two, personal second-hand housing loan 

      Personal second-hand housing loan refers to the bank to the borrower for the purchase of second-hand housing loans. The second-hand housing refers to all the property, has been made into two levels of the real estate market circulation transactions housing. Apply for loans to the secondary housing age generally not more than 15 years; the term of the loan with the age and generally not more than 25 years. 

     The borrower to apply for personal second-hand housing loan, in addition to providing for individual housing loans in the borrower information, also need to provide the following information: 

1, the purchase of second-hand housing property rights certification copy or the original by the registration of the pre-sale contract "copy"; 

2, and the seller signed the "housing sales contracts", and while providing the appropriation account; 

Collateral assessment agencies issued 3, approved the lender of the valuation report; 

4, lenders are required to provide documents or other information. 

Three, individual housing loans decoration 

      Personal housing decoration loan means for its renovation of housing loans by bank to the borrower. The highest percentage of not more than 50%, the longest period of the loan shall not exceed 5 years. 

    The borrower to apply for individual housing loans decoration, in addition to providing for individual housing loans in the borrower information, also need to provide the following information: 
1 original housing renovation, the contract or letter of intent, the decoration budget book and related materials; 

2, if the designated payment businesses, should provide the merchant bank account; 

3, if the borrower housing has for mortgage loans in the bank and is not paid in full, must provide the original individual housing loans, "" individual purchase loan contract and the mortgage "he Xiang of" copy book; 

Collateral assessment agencies issued 4, approved the lender of the valuation report. 

Four, personal consumption loans Home Furnishing 

      Personal consumption loans Home Furnishing refers to the bank to the borrower for Home Furnishing expenditure loans. The highest number of not more than 50% of the value of collateral assessment, the longest period of the loan shall not exceed 10 years. The borrower for the individual Home Furnishing loan portfolio, in addition to providing for individual housing loans in the borrower information, also need to provide the following information: 

1, the purchase of the original large Home Furnishing commodity contract or letter of intent; 

2, if the designated payment businesses, should provide the merchant bank account; 

3, the housing has been for mortgage loans in the bank and is not paid in full, must provide the original individual housing loans, "" individual purchase loan contract and the mortgage "he Xiang of" copy book; 

Collateral assessment agencies issued 4, approved the lender of the valuation report. 

Five, individual commercial housing loans 

      Personal commercial housing loan refers to the bank to the borrower for the purchase of individual proprietary commercial space and office space occupied loans. The purchase of commercial housing should be Xianfang, the highest percentage shall not exceed six, the longest period of the loan shall not exceed 10 years. 

Six, individual housing loan portfolio 

       Individual housing loan portfolio is defined as loans from the housing accumulation fund loans and housing loans secured, when individuals to apply for housing provident fund loans not required to pay the purchase, the insufficient part for commercial housing loans to banks for loans of two. Loans to provident fund loan interest rates and commercial lending rates are of interest, the duration of the loan agreement. The borrower may accept the provident fund loans to the bank to apply for the loan portfolio
 

 
Author: Http://money1.jrj.com.cn/  Source: financial - China financial portal Join date: 2009-5-14Click through rate: 4612
Formula
1, the short-term loan interest calculation
Short term loans (for less than a year, including one year), according to the corresponding grade loan contract signing date of the official lending rates. Loan contract period, in the interest rate adjustments are not above.
Short term loans quarterly bear interest, every quarter 20 at the end of the month to bear interest; monthly settlement, 20 days per month for the settlement day. The specific settlement methods determined by both parties of the loan negotiation. On't loan period pay interest on the loan contract interest rate quarterly or monthly collection of compound interest, overdue loans impose a punitive interest rates after the change in the recovery of profits. Finally, a loan to pay the debt, with the benefit of clear.

The calculation of 2, medium and long-term loan interest
Long term loans (a term of more than one year) interest rates to a certain year. Loans (including loans effective date of the contract within a year all funds allocated sub pen) according to the loan contract period determined by the date of entry into force of the loan contract, according to the corresponding grade legal loan interest rate, after each full year (sub pens allocated to the first loan payment date to date), then according to the corresponding grade legal loan interest rates next year to determine the interest rate.
Long term loans quarterly bear interest, the last month of each quarter for twenty days to bear interest. On't loan period pay interest on the contract interest rate on a quarterly or compound interest, overdue loans impose a punitive interest rates after the change in the recovery of profits.

3, according to Japanese determined discount discount discount rate disposable charging interest
4, the extension of the loan term , accumulated, the cumulative period reached a new term grades, since the renewal date, according to rollover date listing of the same grade rate of interest; not up to the new period of the grade, according to the rollover date the original level interest rate.
5, overdue loans or misappropriated loans, from misappropriation or overdue date, impose a punitive interest by impose a punitive interest rate of recovery of principal and interest, until the settlement date, impose a punitive interest rate adjustment in sub bearing. During the diversion of loans overdue or fails to pay the interest according to the penalty interest rate quarterly (monthly short-term loans can be) the recovery of profits. As a loan is overdue and misappropriation and diversion, should choose the heavy, cannot be.
6, the borrower in the contract expiration date repays the loan, the lender shall have the right to charge borrowers interest according to the original loan contract.

(two) the calculation of interest on loans
Methods 1 regular node information of interest
Regular node information refers to the bank on a monthly or at the end of the last month of each quarter 20 business, according to the loan account balance table to calculate the cumulative loan product (loan number calculation method and deposit interest method, the same number) registration loan interest subjects from table, calculate the interest according to the provisions of the interest rate. Regular node interest days according to the calendar days, one day at a time, the calculated according to 365 or 366 days. The head is not tail, namely from the lending of the day, to the repayment of the day check. Including interest settlement date shall be calculated on the settlement day.
The formula for the
Loan interest = total loan charge number * daily interest rate
4 - 1: a line in May 2nd issued a short-term loan, the amount is 200000 yuan, assumed interest rate of 4 per thousand, a period of 4 months, then:
In June 20th the bank quarterly bear interest, accrued interest for the loan:
RMB 200000 * 50 days × 4 ‰, 30=l333.33 (yuan)
In June 21st to September 2nd when the repayment, the loan interest accrued as:
200000 × 73 × 4 ‰, 30=1946.67 (yuan)
If in June 20th the bank failed to receive l333.33 yuan interest, the maturity date of repayment, the loan interest accrued as:
L333.33+ (200000 + L 333.33) × 73 × 4 ‰, 30=3292.97 (yuan)
Methods of interest calculation the clear 2 good with
It refers to the bank should be in the borrower repayment, the loan repayment before the date days one day stop lending, loan interest calculation.
Full year loans on an annual basis, the full moon on a monthly basis, throughout the year (month) and odd number can be turned to calculate. According to the 360 day month year, calculated according to 30 days, change one day.
The calculation formula is as follows:
Loan interest = loan amount x days * on loan interest rates

(three) the accounting treatment of loan interest
Bank accounting department to calculate the accrued interest, shall prepare a summons, all to "receivable" account. The accounting entries for the:
Borrow: interest receivable -- * * unit households
Loan: the interest income -- * * loan interest income
Then according to the calculation of interest by the borrower for filling in triplicate loan interest notice. If the borrower accounts have enough balance to the payment of interest on loans, the loan interest payment notice single linked as notification, another two were used instead of debit and credit voucher for the transfer. Bank accounting entries for the:
Borrow: demand deposits -- * * unit of account
Credit: interest receivable -- * * unit households
If the borrower account without payment, within the term of the contract, the bank accounting department should be in accordance with the relevant provisions of the recovery of profits, to the borrowing unit deposit sufficient account balance to the payment of interest on loans, banks also deduct. accounting entries:
Borrow: demand deposits -- * * unit of account
Credit: interest receivable -- * * unit households
On the expiration can't repay the loan, the bank should be in accordance with the provisions of the additional penalty.
4 - 2: a line in June 28th a short-term loans, the amount is 200000 yuan, a period of 3 months, monthly interest rate was 6 ‰, such as the loan in October 11th only to repay, the banks accrued interest for:
The due loans interest accrued:
200000 × 85 × 6 ‰, 30+ (200000+200000 × 85 × 6 ‰ ÷ 30) × 7 × 6 ‰, 30= 3684.76 (yuan)
If loans overdue penalty interest rate was 4/10000 per day, is overdue penalty for:
(200000 +3684.76) × 13 × 4 ‰ o=1059.16 (yuan)

(four) non accrued interest calculation
Non accrual loans refers to the loan principal or interest within 90 days, no loan. Accrued loan refers to the non accrual loans other than loans. When the loan principal and interest within 90 days, should be transferred to the "non accrual loans" single accounting subjects.
When accrual loans to non accrual loans, should be posted on interest income and interest receivable shall write off. From the accrual loans to non accrual loans, on receipt of the loan repayment, should first down principal, principal back part is recognized as interest income of the current period.
Non accrual loans from the medium and long-term loans separate accounting, is conducive to the commercial bank accounting information users fully understand the asset quality of commercial banks.
Example: a line in 2000 May 18 to the A company loans a pen, amount of 500000 yuan, for a period of 2 years, the annual interest rate is 6%, before December 20, 2001, A company has been able to regular interest payments, to March 20, 2002 and bear interest due in May 18, 2002, A company accounts without payment reimbursement, until the December 18, 2002 once the loan principal repaid. Overdue loans impose a punitive interest at 4/10000. The loan is the accounting process:
When the loans:
Borrow: long-term loans -- loans from A 500000
Credit: demand deposits -- A 500000
The normal node interest at:
A, June 20, 2000
RMB 500000 * 44 days x 6% / 360 = 3666.67 (yuan)
B, from September 20, 2000 to September 20, 2001 5 settlement day interest settlement.
500000 × 91 (2) x 6% / 360= 7583.33 yuan (7666.67 yuan)
Borrow: demand deposits -- A company
Credit: interest income -- long term loan interest income
From September 21, 2001 to December 20, 2001 the interest settlement date, the bank quarterly bear interest when the loan interest accrued as:
500000 x 6% x 91 / 360= 7583.33 yuan
Borrow: -- A company interest receivable 7583.33 yuan
Loan: the interest income -- long term loan interest income 7583.33 yuan
The deduction of interest:
Borrow: demand deposits -- A company 7583.33 yuan
Credit: -- A company interest receivable 7583.33 yuan
The March 20, 2002 settlement, bank quarterly bear interest when the loan interest accrued as
500000 x 6% x 90 / 360= 7500 (yuan)
Borrow: -- A company interest receivable 7500 households
Credit: interest income -- long term loan interest income 7500
In May 18, 2002 the maturity of the loan interest accrued as:
(500 000+ 7500) x 6% x 58 / 360=4 905.83 (yuan)
Accounting entries for the:
Borrow: -- A company interest receivable 4905.83 households
Interest income interest income 7500 -- long term loans
Credit: overdue loan interest income interest income -- 12405.83
At the same time, the loan to the overdue loans subjects, and began calculating interest rate by day 4/10000 penalty. Accounting entries for the:
Borrow: overdue loans overdue loans 500000 households -- A
Borrow: long-term loans -- loans from A 500000 (red)
According to June 18, 2002, because the interest has been overdue for more than 90 days (from March 21st to June 18th), it should be in June 19th will be "overdue loans -- A, overdue loans to households" to "non accrual loans overdue loans -- A households" subject single Independence Accounting, sterilization had been hanging account receivables uncollected interest, interest to balance sheet accounts.
Accounting entries for the:
Borrow: non accrual loans overdue loans 500000 households -- A
Borrow: overdue loans overdue loans 500000 households -- A company (red)
Borrow: -- A company interest receivable 12405.83 (red)
Credit: overdue loan interest income interest income -- 12405.83 (red)
Off balance sheet credit: poor loan interest -- failure more than 90 days overdue loan interest 12405.83
And in June 20, 2002, the bank quarterly bear interest.
(500000 + 12405.83) × 4 ‰ o x 34 = 6968.72 (yuan)
Off balance sheet credit: poor loan interest -- failure more than 90 days overdue loan interest 6968.72
In September 20, 2002, the bank quarterly bear interest.
(500000 + 12405.83 +6 968.72) × 4 ‰ o * 92=19 112.98 (yuan)
Off balance sheet credit: poor loan interest -- failure more than 90 days overdue loan interest 19112.98
In December 18, 2002, the loan principal repaid.
From September 21, 2002 to December 18, 2002 for the interest of the:
(500000+ 12405.83+6968.72 +19112.98) × 4 ‰ o × 88) =18954.76 (yuan)
Off balance sheet credit: poor loan interest -- failure more than 90 days overdue loan interest 18954.76
Receive interest, shall be offset against the principal.
Accounting entries for the:
Borrow: demand deposits -- A 500000
Credit: non accrual loans overdue loans 500000 households -- A
The deduction of interest:
Borrow: demand deposits -- A 57442.29
Credit: overdue loan interest income interest income -- 57442.29
At the same time, according to the actual interest received offset table external account.
Sheet debit: poor loan interest -- failure more than 90 days overdue loan interest 57442.29