1. Accounting of foreign currency deposits
(1) Foreign currency deposits
Foreign currency deposits can be divided into three types according to the deposit objects:
First, Type A foreign currency deposits. The objects of such deposits are: diplomatic missions, consular agencies, commercial agencies, international organizations and private institutions in China of various countries in China; Chinese and foreign enterprises and groups outside China or in Hong Kong and Macao; agencies and institutions in China. Groups, schools, state-owned enterprises and institutions, urban and rural collective economic organizations; foreign-invested enterprises in China.
Second, type B foreign currency deposits. The objects of this kind of foreign currency deposits are: foreigners living abroad or in Hong Kong and Macao, foreign Chinese and compatriots from Hong Kong and Macao, short-term visitors to China, as well as diplomats from the embassy in China, foreign personnel from representative offices in China, and foreign experts and scholars living in China. , overseas students, interns, etc., as well as Chinese people who have personal foreign exchange reserves according to national regulations.
Third, Type C foreign currency deposits. The objects of this kind of foreign currency deposits are residents in China, including returned overseas Chinese, family members of overseas Chinese, and relatives of compatriots from Hong Kong, Macao and Taiwan.
The above three types of foreign currency deposits A, B, and C are divided into two types: time deposit and demand deposit. Regardless of whether the foreign currency deposit is fixed-term or current, the depositor must submit a deposit account opening application and go through the deposit account opening procedures when making a deposit.
1. Accounting when depositing foreign currency deposits.
(l) If the deposit is made directly by remittance from abroad or remittance from a domestic bank, the accounting entries will be as follows;
Debit: inward remittance or other foreign currency accounts
Loan: demand (term) foreign currency deposits in foreign currency
(2) If you deposit foreign currency cash directlyWhen making a cash remittance account, make the following accounting entries:
Debit: cash foreign currency
Credit: foreign exchange transaction (Exchange purchase price) foreign currency
Borrow; foreign exchange purchase and sale (Exchange purchase price) RMB
Lending: Foreign exchange trading (exchange selling price) RMB
Borrow: foreign exchange buying and selling (exchange selling price) foreign currency
Loan: Current (time-term) foreign exchange deposits in foreign currency
2. Accounting when withdrawing foreign currency deposits.
(1) If the original currency is remitted abroad or to a different place in the country, the accounting entries are as follows:
Debit: Demand (term) foreign exchange deposits in foreign currency
Loan: Outward remittance or foreign currency in other accounts
(2) The accounting entries for converting into RMB when withdrawing deposits are as follows:
Debit: demand (term) foreign exchange deposits in foreign currency
Lending: Foreign exchange purchase and sale of foreign currency
Debit: Foreign exchange purchase and sale of RMB
Loan: cash in RMB
3. Calculation of interest on foreign exchange deposits.
(1) Foreign currency current savings deposits. June 30th of each year is the interest settlement date, and is recorded in the original currency. If the interest rate is adjusted midway, the interest should be calculated in stages according to different interest rates. If the account is canceled midway, the interest will be settled at any time. The accounting entries on the interest settlement date of foreign exchange current savings deposits are:
Debit: Interest expense in foreign currency
Loan: Current savings deposit - XX foreign currency
(2) Foreign currency time savings deposit, the principal and interest are paid upon maturity. When the foreign currency time savings deposit matures, the depositor shall present the deposit receipt, reserved seal and other agreed methods.Withdraw principal and interest from the bank. Make the following accounting entries:
Borrow: Foreign exchange time savings deposit in foreign currency
Interest payable in foreign currency
p>
Loan: cash foreign currency
