Scenario:
An employee borrowed 1000.00 million RMB, actually used 900.00 RMB, and returned 100.00 RMB 1) prepaid invoice-employee loan
DR: prepayment-employee loan 1000.00 Cr: Accounts Payable 1000.002) prepayment invoice full payment Dr: Accounts Payable 1000.00 Cr: Bank/cash 1000.00 ---- the consolidated entries are as follows ---- Dr: prepayment-employee loan 1000.00 Cr: Bank/cash 1000.003) Standard invoice (invoice for actual amount, 900.00) Dr: employee fee 900.00 Cr: Accounts Payable 900.004) written off prepayment invoice
DR: Accounts Payable 900.00
Cr: prepayment-employee loan 900.00 ---------- so far, the employee should return 100.00 of the loan ----------- 5) Loan notice Dr: Other payables 100.00 Cr: receivables and payables hedge account 100.006) payment for CM Dr: Bank/cash 100.00 Cr: Other payables 100.00 ------------ 100.00 of excess loans into account ----------------- 7) virtual standard invoice Dr: Accounts Payable hedge subject 100.00 Cr: Other payables 100.008) virtual invoice write-off prepayment invoice Dr: Other payables 100.00 Cr: prepayment-employee loan 100.00 ----------- 100.00 excess prepayment was written off --------------
