Reflection of Interest on Deposit in Form 2 Line Interest Received

Interest receivable (line code 2320)

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Let us know. University: Subject: File: KL_Technol comp. accounting report_Strygina_2014.docx Downloads: 17 Added: 06/01/2015 Size: 161 Kb ☆ 4 5 6 7 8 9 10 11 12 13 14 < Previous Page 15 of 25 15 16 17 18 19 20 21 22 23 24 25 Indicate the turnover on the credit of account 91 “Other income and expenses”, sub-account “Other income”, in correspondence with the accounts of accrued interest on bonds, deposits, government securities, etc., on loans issued, for use bank of available funds in the organization’s account, for example 58, 76, 51, 52, etc.

Interest payable (line code 2330)

The turnover is reflected in the debit of account 91 “Other income and expenses”, sub-account “Other expenses”, in correspondence with the accounts recording the amounts due for interest on bonds, shares, received loans, loans, for example 76, 66, 67, etc.

Other income (line code 2340)

This is the turnover under the credit of account 91 “Other income and expenses”, subaccount “Other income”, in terms of other income received.

Other expenses (line code 2350)

This is the turnover in the debit of account 91 “Other income and expenses”, subaccount “Other expenses”, in terms of other expenses incurred.

Profit (loss) before tax (line code 2300)

This is a calculated indicator, which is determined as follows:

The sum of lines 2200 “Profit (loss) from sales”, 2310 “Income from participation in other organizations”, 2320 “Interest receivable” and 2340 “Other income” and subtracting from the resulting amount the indicators of lines 2330 “Interest payable” and 2350 “ Other expenses". If as a result the organization received a negative value (loss), then it is shown in the Statement of Financial Results in parentheses.

The line is obtained as the difference between debit and credit turnover in account 99 “Profit and Loss” in correspondence with accounts 90 “Sales”, subaccount 90-9 “Profit/loss from sales”, and 91 “Other income and expenses”, subaccount 91-9 “Balance of other income and expenses.” The credit balance of account 99, the analytical account for accounting profit (loss), means that the organization has made a profit, and the debit balance means a loss.

Reflection of interest payable in financial statements

Interest payable is reflected:

on line 2330 “Interest payable” of the Statement of Financial Results - if, in accordance with the company’s activities, such expenses are classified as other (with the exception of interest payable, to be included in the initial cost of investment assets);
according to the corresponding line of Section I “Non-current assets” of the Balance Sheet - in terms of interest payable included in the initial cost of investment assets;
on line 2120 “Cost of sales” of the Income Statement - if, in accordance with the company’s activities, such expenses are recognized as expenses for ordinary activities.

“Change in deferred tax liabilities” (line code 2430)

The difference between credit and debit turnover on account 77 “Deferred tax liabilities” for the reporting period is reflected without taking into account the debit turnover on account 77 in correspondence with account 99 “Profits and losses”. If the difference turns out to be negative, this means that more deferred tax liabilities were written off for the reporting period than accrued.

The positive difference between credit and debit turnover in account 77 (increase in deferred tax liabilities) must be subtracted from the accounting profit indicator on line 2300 “Profit (loss) before tax”, and the negative difference (decrease in deferred tax liabilities) must be added to the accounting profit indicator, those. a positive difference should be reported in line 2430, “Change in deferred tax liabilities,” in parentheses, and a negative difference should not be reported.

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In which account is interest receivable and payable?

leon

08.08.2018 /
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Debit 91-2 Credit 66 (67) - 48,105 rubles. (RUB 2,360,000 x 24%: 365 days x 31 days) - interest accrued on the loan for May; Debit 91-2 Credit 66 (67) - 46,553 rubles. (RUB 2,360,000 x 24%: 365 days x 30 days) - interest accrued on the loan for June. At the end of the reporting period, interest on the loan is entered in line 2330 “Interest payable” of the new unified report form in the amount of: 46,553 + 48,105 + 46,553 = 141,211 rubles. Additional loan costs excluding VAT (RUB 10,000) are indicated in line 2350 “Other expenses” of the report. ...on bonds issued by the company Since the issue of bonds is carried out to attract borrowed capital, operations related to their movement are reflected in accounting in accordance with PBU 15/2008.

What is a tax deduction for paying mortgage interest?

Not everyone has the amount of money necessary to buy a home. Therefore, many people use targeted loans to purchase real estate. Purchasing housing with a mortgage, in accordance with Art. 220 of the Tax Code of the Russian Federation, gives the right to claim a tax deduction on loan interest.

You can count on compensation by taking out a mortgage for the purchase of:

Apartments, including in a building under construction;
Country house, including one under construction.

A tax deduction on mortgage interest is a kind of compensation, an amount of money in the amount of personal income tax paid for the period, which a citizen can return from the budget in connection with incurring certain expenses.

In this case, the cost refers to the payment of interest on the mortgage.

Citizens who meet the following requirements can apply for a tax deduction:

Those who have entered into a mortgage lending agreement and pay interest for the use of funds;
Those who purchased housing located on the territory of the Russian Federation;
Those who receive official income, from which income tax is paid to the budget.

Cannot count on a refund:

Unofficially working citizens;
Entrepreneurs on the simplified tax system or a patent;
Apartment owners who did not pay for the purchase of housing on their own;
Citizens who previously exercised the right to deduct personal income tax on interest paid to the bank.

Interest receivable

Settlements with various debtors and creditors” - if, in accordance with the company’s activities, such income is classified as other;

on the credit of account 90 “Sales”, subaccount “Revenue” in correspondence with account 76 “Settlements with various debtors and creditors” - if, in accordance with the areas of the company’s activities, such income is recognized as income from ordinary activities.

Reflection of interest receivable in the financial statements Interest receivable is reflected:

on line 2320 “Interest receivable” of the Statement of Financial Results - if, in accordance with the areas of the company’s activities, such income is classified as other;
on line 2110 “Revenue” of the Statement of Financial Results - if, in accordance with the areas of the company’s activities, such income is recognized as income from ordinary activities.

How is interest payable calculated?

Interest payable is recognized as an expense in the reporting periods to which they relate, evenly or based on the terms of debt obligations in the case where the recognition of interest payable based on the terms of debt obligations does not differ significantly from their straight-line recognition (clauses 6, 8, 15, 16 PBU 15/2008).

Interest payable is taken into account separately from the amount of the corresponding principal debt on the debt obligation (clause 4 of PBU 15/2008):

on the credit of account 66 “Settlements on short-term loans and borrowings”, account 67 “Settlements on long-term loans and borrowings”, account 76 “Settlements with various debtors and creditors” in correspondence with account 91 “Other income and expenses”, subaccount “Other expenses” » – if, in accordance with the company’s activities, such expenses are classified as other (Instructions for using the Chart of Accounts);
on the credit of account 66 “Settlements on short-term loans and borrowings”, account 67 “Settlements on long-term loans and borrowings”, account 76 “Settlements with various debtors and creditors” in correspondence with account 08 “Investments in non-current assets” - in terms of interest payments to be included in the initial cost of investment assets;
on the credit of account 66 “Settlements for short-term loans and borrowings”, account 67 “Settlements for long-term loans and borrowings”, account 76 “Settlements with various debtors and creditors” in correspondence with account 20 “Main production”, account 26 “General business expenses” - if, in accordance with the company’s activities, such expenses are recognized as expenses for ordinary activities (Instructions for using the Chart of Accounts).

Percentage to be paid

Positive exchange rate differences on interest are entered in line 2340 “Other income” of the new unified reporting form. Their sum will be: 59 + 361 = 420 rubles. ...for bank deposits the Company can place available funds in bank deposit accounts in order to receive income from them. Interest on the deposit is accrued on the terms stipulated in the agreement with the bank.

In accounting, they are reflected on the day when the company has the right to receive them in accordance with its terms (for example, after a certain number of days, at the end of each month, quarter, half-year). Interest is taken into account on account 76 “Settlements with various debtors and creditors” in correspondence with account 91 “Other income and expenses” (subaccount 1 “Other income”). They do not affect the deposit amount. Example In January, a company deposited money into a long-term bank deposit in the amount of RUB 1,000,000.

How is interest receivable calculated?

In this case, the company pays the lender not interest, but a discount, that is, the difference between the nominal and real value of the security. In the Liability balance sheet for the reporting year, line 1170 indicates the loan amount in the amount of 500 thousand rubles. Interest in the amount of 100 thousand rubles. are reflected on line 1230 “Accounts receivable” (as part of current assets).

For example, a company took out a loan for the construction of a bridge in the amount of 1,000,000 rubles for one year. The bank's annual interest rate is 18%.

In addition, marketable securities include futures, forward and option contracts, which are a special type of secondary financial instruments based on a variety of contracts for the obligatory or possible purchase or sale of primary financial instruments (enterprise or government securities).

The opening balance data must correspond to the approved closing balance data for the previous year. In the event of a change in the opening balance as of January 1 of the reporting year, the reasons must be explained in the explanatory note.

In practice, a situation arises when an organization buys or builds fixed assets using borrowed funds that were received for other purposes. In this case, the costs for using the loan are included in the initial cost of the object and are calculated at the weighted average rate.

A similar norm is contained in paragraph 6.2 of PBU 10/99. At the same time, the Accounting Regulations “Accounting for Loan and Credit Expenses” (PBU 15/2008) * (320) establishes that interest on any loans is reflected as part of the company’s other expenses. As we said above, exceptions to this rule only affect loans received for the purchase of investment assets.

Interest-free loans provided by an organization in rubles are not financial investments for it and can be accounted for using account 76 “Settlements with various debtors and creditors.” Loans issued to employees of the organization are reflected in the debit of account 73 “Settlements with personnel for other operations” of the subaccount “Settlements on loans provided”. Deferred expenses include the company's costs for obtaining licenses, as well as certification costs, which require obtaining a certificate for a long period. But paying for a magazine subscription is already considered an advance. This is due to the fact that at the time of transfer of money there is no reason to believe that the service has already been provided.

Positive exchange rate differences on interest are entered in line 2340 “Other income” of the new unified reporting form.

Accounts receivable are the debts of buyers, customers, borrowers, accountable persons, etc., which the organization plans to receive. In addition, accounts receivable also include the amount of advances issued to suppliers and contractors.

Line 2330 “Interest on ...;Other income”, minus interest receivable. Line 2350 “Other expenses...

Until 2014, the amount of accrued interest on short-term and long-term loans was reflected in line 1520 “Accounts payable”.

The word “balance sheet” has its roots in the Latin phrase “bis lanz”, which literally means “two scales”, that is, in essence, the balance sheet shows the state of the company’s financial balance.

The liability on accounts 66 and 67 is accounted for in two ways:

Based on actual loan amount plus interest.
At par value of debt securities.

The high pace of life and the ever-increasing flow of information place increased demands on the human nervous system.

Interest receivable which accounts are included

When issuing a loan in foreign currency, it becomes necessary to take into account exchange rate differences. With the cash method, this situation is impossible. Typical accounting entries When constructing real estate, interest on the loan is included in their initial cost:

Debit 08 Credit 66 (67).

After construction is completed, a note is made:

Debit 91.2 Credit 66 (67).

If the interest rate exceeds the standard for controlled debt, then a deferred tax liability arises, which must be reflected at:

debit account 68.4.2 and credit 77 account.

Example of entries for a loan from a legal entity Example: A company was provided with a cash loan for a period of 11 months at a rate of 12% per annum in the amount of RUB 350,000.

More found about interest receivable

But if the loan is provided to you for a period of more than 12 months, say, for three or five years, you need to use account 67. In this case, interest accounting, as in the case of account 66, must be kept separately. Therefore, open corresponding subaccounts for account 67.

Also, a company's balance sheet is required for any legal entities that cooperate or intend to establish a business relationship with this company.

Borrowed funds are considered to be money received from third-party sources, which will need to be returned back under certain conditions. Such funds serve enterprises as financial support in times of crisis or other situations when their capital is insufficient.

In parallel with the analysis of receivables, an important issue is the analysis of ways to manage the receivables of the enterprise.

Calculation of interest on loans received

Their amount is used to increase sales revenue recorded on line 2110 “Revenue” of the report. Example: A company purchased a financial bill worth RUB 500,000. The bill can be presented for payment in 3 months. from the moment of its issue. Interest is charged on it at the rate of 18% per annum.

After 3 months The company presented the bill for payment. The number of days of circulation of the bill was 90. Interest accrued on the bill will be reflected by the entry: Debit 76 Credit 91-1 - 22,192 rubles. (RUB 500,000 x 18%: 365 days. What applies to interest receivable? If errors were discovered in previous reporting periods that do not affect the current income tax of the reporting period, then the adjustment amounts should be reflected in a separate item in the income statement and losses after the current income tax item No changes are made to the accounting data of previous periods.

Operations for the issuance and repayment of a loan, as well as interest on it, will be reflected in the entries: Debit 76 Credit 91-1 - 17,286 rubles. (592 USD x 29.2 rubles/USD) - interest accrued for April; Debit 76 Credit 91-1 - 17,932 rubles. (612 USD x 29.3 rubles/USD) - interest accrued for May; Debit 76 Credit 91-1 - 59 rub. (592 USD x (29.3 rubles/USD - 29.2 rubles/USD)) - reflects the positive exchange rate difference on interest accrued for April; Debit 76 Credit 91-1 - 17,523 rubles. (592 USD x 29.6 rubles/USD) - interest accrued for June; Debit 76 Credit 91-1 - 361 rub. ((612 USD + 592 USD) x (29.6 rubles/USD - 29.3 rubles/USD)) - reflects the positive exchange rate difference in interest accrued for April and May. Line 2320 “Interest receivable” of the new unified report form will indicate the amount of interest receivable in the amount of: 17,286 + 17,932 + 17,523 = 52,741 rubles.

Interest receivable. line 2320

Attention Postings: Account Dr Account Kt Posting description Posting amount Document-basis 51 66 Cash loan received 350,000 Loan agreement Bank statement 91.2 66 Interest accrued under the loan agreement 38,500 Accounting statement 66 51 Interest transferred 38,500 Payment order 66 51 Loan repaid 35 0 000 Payment order If the lender is an individual, personal income tax must be withheld from the amount of interest paid to him: 13% for residents and 35% for non-residents. This operation is documented by posting: Debit 73 (76) Credit 68 Personal Income Tax. Transfer of interest to an individual is carried out by recording Debit 66 (67) Credit 51 (50). Loan from an individual The organization received a loan from the director in the amount of 80,000 rubles. at 5% per annum for 3 months. Important Share in Art. 3 837 of the Civil Code of the Russian Federation).

Terms and procedure for interest payments. Interest on the deposit is accrued from the day following the day the bank receives funds for placement in the deposit until the day they are returned to the depositor (clause 1 of Article 839 of the Civil Code of the Russian Federation). In this case, the interest accrued on the deposit can be paid to the depositor periodically (monthly, quarterly, etc.) or in a lump sum upon expiration of the deposit term.

If the procedure for paying interest is not established in the agreement, they are paid to the depositor at the end of each quarter upon his request, and unclaimed interest is added to the deposit amount on which interest is accrued (clause 2 of Article 839 of the Civil Code of the Russian Federation).

Procedure for calculating interest.

How to calculate interest payable

Occasionally, the size of the payment is indicated not as a specific amount, but in the form of a certain percentage to be paid. This usually occurs in cases where the initial amount is unknown in advance, say, a percentage of wages or the cost of goods. In order to calculate the interest payable, it is enough to know the size of the interest rate and the amount on which the interest is calculated.

You will need

calculator, computer

Instructions

1. To calculate the interest payable, multiply the initial amount by the number of interest and divide the resulting product by one hundred. That is, use the formula: Pu = C * Kp / 100, where: C is the amount on which interest is payable, Kp is the interest rate, Pu is the amount of interest payable. Example: Calculate the percentage payable for income tax on wages 50,000 rubles. Solution. Because the interest rate of income tax is (usually) 13%, we get: Pu = 50,000 * 13 / 100 = 6,500 (rubles). 2. If you count interest payable continuously, then make a small table in Excel. To do this, write, say, in cell A1: “Initial amount”, in cell B1 - “Number of interest”, and in C1 - “Amount of interest payable”. Then write the following formula in cell C2 (you can copy it directly from the text): =A2*B2/100. Now it is enough to enter the known amount in cell A2, and the number of percentages in B2, and the ready interest for payment will appear in cell C2. 3. If you need to calculate the interest payable for several amounts, then multiply the formula located in cell C2 down by the required number of lines. To do this, move the mouse cursor to the lower right corner of the cell until it turns into a small plus sign, and drag the cursor down the desired number of lines. 4. In order to calculate the interest payable on the loan, contact an employee of the bank where you plan to apply for a loan. Even knowing all the formulas and methodologies for calculating loan payments, it is virtually impossible for a non-professional to take into account all the nuances when calculating interest on its repayment. If you still decide to calculate the interest payable on your own, then use one of the countless online loan calculators (for example, https://credcalc.ru/). Just keep in mind that such calculations, as usual, do not take into account additional commissions and one-time payments.

Loans have firmly entered the life of every person. They are issued by all banks and at different interest rates . It would seem that it could be simpler than calculating the interest on the loan. But with the same interest rate and an identical loan amount, you are allowed to pay a different amount. The amount of the payment depends on what kind of payment you will make - annuity or differentiated.

Instructions

1. When choosing a loan and a bank to purchase it, you focus on the interest rate on the loan. If one bank offers a rate of 10% and another 11%, then you will certainly choose the bank that offers a lower interest rate. But even if you took out a loan at an identical low interest rate, the payment amount may vary. 2. With annuity or equal payments made monthly, the amount of payments will be identical throughout each lending period. With differentiated payments - payments on the balance of the loan debt, the initial payment amount will be higher than in the first case. In the future, the amount of payments decreases monthly and the amount paid for each loan will be less. Consequently, having taken out a loan at the same interest rate for an identical number of years, the amount of payments can be different, as well as the final total. 3. With differentiated payments, the debt balance is reduced, and consequently interest payments are reduced. Accordingly, the total payment amount will be lower. 4. With an annuity payment, the borrower does not care about interest and the share that goes to repay the loan. The bank independently divides the paid loan amount into repayment and interest parts. Consequently, in the first years of repayment, the share of funds that goes to interest is higher. At the end of the payments, a huge part of the amount goes to repay the core amount of the loan. The bank takes its proceeds in advance. If you decide to repay the loan, then no one will return the interest 5. Consequently, for different types of loan repayment, the total costs for identical interest rates are different. That is, this is the kind of mathematics when 2+2 does not invariably equal 4. Video on the topic Please note! In the banking services market, you can find a lot of offers for lending to the population, and when making your choice in favor of one or another bank, it will be useful for you to find out how to calculate interest on a loan. It’s no secret that if a bank offers a loan at 5 percent, then you risk paying more than at another bank and at 12 percent, and easily, in the first case, the accrual is invariably carried out on the original loan amount, and in the second – on the balance. Helpful advice They differ from each other in the interest rate on the loan, the loan term, the purpose of the loan, as well as a number of additional conditions. How is the amount of interest on a loan calculated? You can calculate this percentage using quick, but not accurate percentage calculation methodologies, which can be used even without a calculator. 1st method. The fastest and most inaccurate (Loan amount * number of years on loan) * (% of loan / 2) + 1-8% of the amount received.

Percent in Latin (“pro centum”) means one hundredth. Consequently, if you need to find a certain percentage of a certain amount of money, this means that you need to determine how many hundredths of the amount the specified percentage contains. If you can’t do the math in your head, it’s easier for everyone to calculate the percentage with the support of some kind of calculator.

Instructions

1. Use, say, a standard Windows OS calculator to calculate the percentage of a given amount. The link to launch it can be found in the main system menu - open it by pressing the WIN key or by clicking on the “Start” button. You need to go to the “All Programs” section, expand the “Typical” subsection in it and click on the “Calculator” line. However, hackers are not very fond of “mouse computing” and if you also want to feel like a little hacker, then press the WIN + R key combination, type the calc command and press Enter. Both methods launch the same Windows calculator. 2. Enter the numerical equivalent of the amount of money you have. This operation can also be carried out either with the support of a mouse or even with the keyboard - the necessary buttons on the calculator interface duplicate the same keys on the keyboard. 3. Find one hundredth of the entered number. To do this, use the slash key on your keyboard or in the on-screen interface, and then enter the number 100. 4. Multiply one hundredth of the amount by the famous percentage number. To do this, press on the keyboard or click on the star button on the screen, and then enter the percentage. 5. Finish calculating the percentage of the amount by pressing on the keyboard or clicking the equal sign button on the screen. The calculator will show you the numerical expression of the specified percentage of the entered amount. 6. Having access to the Internet, when solving such a problem, you can do without a calculator. There are a lot of its analogues on the Internet, which allow you to carry out the necessary calculations easily in a browser window. If you don’t have time to search and understand such online services, then enter the desired mathematical expression easily into the query field of the Google search engine and immediately get the result. Let's say, to calculate 13% of the amount of 25 thousand 512 rubles 14 kopecks, enter the following query: “25521.14 / 100 * 13”. Video on the topic

Note! How to calculate percentages. In everyday life, you often need to be able to determine what percentage a given number is from the whole part. This mathematical activity, which is taught in high school, can be useful for us in the case of calculating all kinds of loan payments, calculating ratios for some purchases, and at work we regularly have to use comparative calculations expressed as percentages. Helpful advice How to calculate interest? April 4, 2012. Category: Training. No comments. You've probably come across the concept of "percentage" more than once. And some even needed to somehow calculate it. 1st method - count in your head: The number from which you need to find a percentage must be divided by one hundred and then multiplied by the number of percent. Or immediately multiply the number by percentages expressed in hundredths (percent divided by one hundred). Let's say you need to detect 28% of the number 924.

In order to know how to calculate bank interest on loans and credits, you need to compare three values: the amount of money you are borrowing, the period for which you are going to take it, and the interest rate. By comparing them, you can calculate the bank's interest in full. Tea in any bank not only can there be different interest rates , but also the inclusion of hidden commissions on the loan taken.

Instructions

1. In order to calculate bank interest , you can use a special “loan calculator” program, which, as usual, should be presented on the websites of all large banks in Russia. There are graphs in this calculator. bank interest rate and loan term. After this, you will instantly receive a total, one that will show how much money will need to be paid on the loan and the payment that will need to be made monthly. 2. It is possible to calculate bank interest independently. To do this, take a pen and a piece of paper. Write down the amount of money borrowed and multiply by the amount of the interest rate with the loan term. Add one to the resulting number. After this, divide the resulting value by 24. After this, multiply the result by 100 percent. 3. Banks entice people with various advertising offers to buy any product on loan, offering quite advantageous data. However, upon closer examination of the proposed option, in fact it may turn out that all proposals are much different from advertising moves. 4. At the same time, the client’s desire to prefer the bank that has a low interest rate is absolutely clear. One bank may offer a rate of 10.5%, and the second 12.5%, but the first bank also has a one-time commission, which is 1% of the loan amount, as well as a monthly commission of 0.1%. The 2nd bank may not have any commissions, but it requires a one-time payment of 100 bucks. After calculating these two proposals, it turns out that the loan with a lower interest rate, but with many different additional payments, is more expensive. 5. In order not to end up in a similar situation, you need to calculate what expenses actually await you. To do this, add the interest rate with all additional payments, then you will be able to get the real “resultative” interest rate. Video on the topic

In world practice, offers of financial structures today are easily replete with a wide selection of loans with different purposes, terms and rates. Before the final choice of an institution for applying for a loan, you need to clearly know and be able to check the process of calculating interest on a loan.

You will need

– loan agreement;
- calculator;
– Excel software;

Instructions

1. Take a loan agreement and find a clause about the rules for calculating interest on the loan. As usual, there are two types of payment schedules: typical and annuity. A typical schedule involves paying interest in the amount of the monthly loan amount, and with each month the payment decreases by a certain amount. An annuity schedule means paying interest and interest every month in identical amounts that do not change until the end of the loan term. 2. Find in the contract the original loan amount, the term in months, if specified in years, translate by multiplying by 12 and the annual rate in percent. Note all associated one-time and monthly commissions in the text of the agreement. If, when issuing a loan, the bank required you to insure the collateral property, write down the amount of the insurance payment. 3. Now, in order to calculate repayment according to the classic type, take a calculator, a sheet of paper and calculate using the formula: interest = (total loan amount) / (loan term in months) x (annual rate) / 365 x (30 or 31 [days of the month ]). You will receive interest payment for the 1st month. To calculate all further payments, you need to change the original amount to the balance of the loan body. Calculating the monthly payment for the loan body is even simpler: monthly payment = (total loan amount) / (loan term in months). Total monthly payment = (monthly payment by body) + (interest). 4. The annuity schedule is more difficult to calculate. It’s better to use Excel for this, so you don’t have to worry about manual calculations. Open an Excel sheet and put an equal sign in each cell and select the PMT function. For example, your loan is 100,000.00 rubles, at 24% per annum for 60 months, enter the following values in the list that appears:

5. Click “OK” and you will receive your monthly annuity payment. When entered manually, it will look like this: = PMT (24%/12; 60; -100000). The indicators must be entered in parentheses in the following order: interest rate, number of months of lending, initial amount length. A minus before 100,000 indicates debt obligations; if you do not put it, the final value will be primitively negative. 6. To understand the full amount of overpayments on the loan, you can calculate the so-called effective rate. Effective loan rate = ([loan body + interest for each term + commissions] / loan term in years) / weighted average loan amount. Weighted average loan amount: loan amount x (loan term in months + 1) / (2 *loan term in months). As a result, you will find out how much the real interest rate on the loan is. Note! Pay attention to the value from which the monthly loan fee is set (from the original amount or from the balance); is there a fee for early repayment of the loan; Useful advice Be sure to choose a bank in which interest on the loan is calculated on the balance of the loan, and not on the original amount. Before choosing an annuity schedule, check whether there are any penalties for early repayment.

Accounting for loans and borrowings in accounting

In both situations, the amount of interest payable on the bonds is reflected on line 2330 “Interest payable” of the new unified report form. If a company buys back its bonds without waiting for their maturity, then this is reflected in accounting in the same way as their redemption. In this case, the amounts of accumulated coupon income must be accrued for the actual period that the bonds were held by the holder.

That is, the coupon income must be reflected on the date of redemption of bonds. Additional costs associated with the circulation of bonds (for example, exchange fees, costs of paying for the services of intermediaries or brokers, etc.) are taken into account as part of other expenses, subaccount 2 “Other expenses”). In this case, such costs are entered in line 2350 “Other expenses” of the report.

Info Interest receivable and payable (lines 2320 and 2330) In line 2320 “Interest receivable” of the new unified report form, enter the amount of interest that is due to the company, accrued on loans issued to other persons; on deposits placed in banks for the purpose of generating income; on bonds and other securities (for example financial bills); accrued by the bank based on the balance of funds in the current account. Such income is included in other income and reflected in account 91 “Other income and expenses” (subaccount 1 “Other income”). A number of similar incomes are not indicated in this line. Other report lines are intended to account for them. For example, income from commercial loans provided to customers. The company’s revenue, reflected in line 2110 “Revenue” of the report, is increased by their amount. Interest accrued on a loan or credit payable to the lender (creditor) is reflected as part of the company's other expenses. An exception is provided only for those received for the purchase of investment assets (property that requires significant costs and time to acquire). Interest on such funds is included in the cost of the investment asset until the termination of its acquisition, construction and (or) production. Attention! Small businesses have the right to count interest on any loans as other expenses. Interest receivable. line 2320 Attention Tax accounting of interest on deposit

General taxation system

Interest on a deposit for the purposes of calculating income tax is recognized as non-operating income (clause 6 of Article 250 of the Tax Code of the Russian Federation). It is necessary to take into account interest in tax accounting as part of income on the last day of each month (para.

Amount of interest accrued in accounting for August-December 2015: RUB 33,315.07 (1,000,000 x 8% / 365 x (30 + 30 + 31 + 30 + 31))
Amount of interest calculated at a reduced rate for August-December 2015: RUB 41.64. (1,000,000 x 0.01% / 365 x (30 + 30 + 31 + 30 + 31)
The amount of interest accrued excessively in accounting, subject to adjustment: RUB 33,273.43.

Interest receivable. line 2320 Note that interest receivable by the organization is shown on line 2320 “Interest receivable” only if it qualifies it as other income and is reflected in accounting under the credit of account 91 “Other income and expenses”, subaccount 91-1 “Other income” (clause 4 of PBU 9/99).

Definition

Interest receivable 2320 is the interest that the organization should have received in the reporting period:

interest due to the organization on loans issued by it;
interest and discount receivable on securities (for example, bonds, bills);
interest on commercial loans provided by transfer of advance payment, prepayment, deposit;
interest paid by the bank for the use of funds in the organization's current account.

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Interest receivable and interest payable decreased decreased

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According to the terms of the agreement, the company pays interest on it at the rate of 24% per annum. The loan was received on March 31. It was not repaid before the end of the reporting period (half year). In March, the company paid additional costs for the loan (legal analysis of the agreement), the amount of which amounted to 11,800 rubles. (including VAT - 1800 rubles). According to the accounting policy, loan interest is included in other expenses. When calculating interest on the loan and paying additional expenses, the accountant will make the following entries: Debit 19 Credit 60 - 1800 rubles. — VAT on additional costs associated with obtaining a loan is taken into account; Debit 91-2 Credit 60 - 10,000 rub. (11,800 - 1800) - additional expenses for obtaining a loan are taken into account; Debit 68 Credit 19 - 1800 rub. — accepted for deduction of VAT on additional expenses for obtaining a loan; Debit 91-2 Credit 66 (67) - 46,553 rubles. (RUB 2,360,000 x 24%: 365 days.

Financial Dictionary

X's attention turned out to be insignificant, which increased the cost of materials by only 39,300 thousand rubles. For material Y, there was a decrease in the cost of materials by 90,550 thousand rubles, due to a decrease in the amount of material consumption from 1610 to 1240 tons. Task 12 Let us determine the degree of influence of individual factors on the level of labor costs and the reserve for reducing these costs. To do this, we will draw up an analytical table 12 and use the method of absolute differences to determine the influence of these factors on the wage fund of workers. Sources of information for filling out this table are:

Appendix to the balance sheet (form No. 5) from Appendix No. 3
certificate No. 1 from Appendix No. 4

Table 12 - Initial data for calculating the influence of individual factors on changes in labor costs No. Indicators last year reporting year Deviation (+;-) 1 2 3 4 5 1 Number of employees, people.

The largest role - 99% in the formation of income of Agat LLC in the past and reporting years was played by revenue from product sales, the value of which increased by 1,005,420 thousand rubles. or by 0.12%. The share of other income in their total amount is insignificant (about 0.04%), their value in the reporting year increased by 137 thousand rubles, which can also be assessed positively. A decrease in interest receivable by RUB 2,786 thousand had a negative impact. or by 0.08%, this indicates that the company is not expanding its financial activities, is not actively investing its finances in shares and bonds of other enterprises. Expenses for the reporting period increased by 987,403 thousand rubles. Accordingly, the most significant contribution of 67.61% to the total amount of expenses of the enterprise is made by expenses for ordinary activities - production costs. Although the cost of production in the reporting year increased by 607,575 thousand compared to the previous year.

Tax deduction for mortgage interest in 2021

Buying real estate in Russia can hardly be called affordable: most citizens are forced to take out a mortgage loan to solve the housing problem. At the same time, there is a way to reduce borrowers’ costs using a system of tax deductions. One of them is a tax deduction for mortgage interest, which, as before, is valid in 2021.

The essence and size of tax deductions when purchasing real estate

A tax deduction is a refund of previously paid income tax. Purchasing housing entitles you to 2 types of returns:

13% of the cost of purchased or built housing.

Restrictions: 13% can be returned with a maximum of 2 million, i.e. the return cannot be more than 260 thousand rubles. If the apartment costs more than 2 million, then they will still return only 2 million. But if the apartment costs less than 2 million, then the remainder of the deduction can be transferred to another property, which, for example, you will buy later. Read more in the article “Get your personal income tax back for purchasing real estate.”

If a mortgage is taken out during the purchase (construction) of housing, then the citizen additionally has the right to a deduction from the interest paid on the housing loan: 13% of the amount of interest paid on the loan, but not more than 3 million rubles. That is, the maximum refund amount is 390 thousand rubles.

It is important to know!

For real estate the mortgage on which arose before 01/01/2014, there is no limit on compensation. That is, the restriction that you can return 13% only from 3 million interest paid does not apply; you can return 13% of any amount of mortgage interest, even if it is more than 3 million.

Result: the total amount of money back from the state for a mortgage can be 650 thousand rubles:

260 t.r. – for real estate;

390 t.r. – for interest on the mortgage.

Tax deduction for mortgage interest in 2021

Features of tax deductions from mortgage interest

There is a rule for tax deductions: you cannot return personal income tax (a) more than you actually paid.

Example.

Medvedev D. A. in 2021 bought an apartment for 2 million rubles with a mortgage. Interest for 2021 amounted to 70 thousand rubles. In 2021, he has the right to apply for a refund of 13% of the cost of the apartment and the amount of interest paid, for a total refund of 13%* (2 million rubles + 70 thousand rubles) = 269,100 rubles. But only 78 thousand will be returned to Medvedev. And that's why.

The official salary of D. A. Medvedev for 2021 “dirty” amounted to 600 thousand rubles. He paid 13% income tax on it, i.e. 78 thousand rubles. He will not be reimbursed more than this amount for the past year. He will be able to return the missing amount in the following years.

In addition to the general rules for the return of personal income tax, mortgage deductions also have their own characteristics.

Feature No. 1.

A tax refund is possible only on interest actually paid. It is impossible to return personal income tax on the principal debt, as well as on interest, which are indicated in the payment schedule for future years.

Example. Kuznetsov P.V. took out a mortgage in July 2021. Until the end of the year, interest on the loan amounted to 45,554.45 rubles. Therefore, in 2021, taking a certificate from the bank, Kuznetsov will be able to claim a tax deduction on mortgage interest for 2021 in the amount of 13% of RUB 45,554.45.

Feature No. 2.

All interest paid (starting from the first loan payments) can be deducted, regardless of the period that has passed since their payment. However! It is likely that Okunev will not be able to receive the entire refund amount at a time, i.e. at one time in 2020. That's why.

It is important to know!

A one-time personal income tax return can be made no later than three years “back” from the date of filing the application for return.

The basis is clause 7 of article 78 of the Tax Code of the Russian Federation. You can apply for a deduction at least 10 years after the basis arose; the right does not “burn out.” But at a time (!) you can only return the tax that was paid for the last 3 years that preceded the year of application.

How will this affect A.P. Okunev’s situation? If his personal income tax deductions for the last 3 years are equal to or more than 338 thousand rubles, then he will return the entire amount due to him in a lump sum in 2021. If not, then in 2020 he will receive a refund to the extent of the deductions made. The missing amount can be returned in future years if he continues to work and pay personal income tax.

This rule has one more significant clarification. The tax can be returned three years “back”, but not earlier than from the year in which the right to return it arose.

In our example, Okunev A.P. bought an apartment in 2015, and declared the deduction in 2021. He has the right to return the tax paid in 2021, 2018, 2021, i.e. 3 years ago. If Okunev bought an apartment in 2021, then by filing for a deduction in 2021, he would be able to return the tax only for 2021 and 2021, but for 2021 he would not be able to. In 2021 there was no reason yet, i.e. buying an apartment.

Note!

The basis for a tax deduction for mortgage transactions is the year of registration of ownership of the apartment (in the case of “top-up” - receipt of the act), and not the year the mortgage loan was issued!

This situation is especially relevant for “shares”.

Example. Medvedev D. A. In 2021, he took out a mortgage for the construction of an apartment under the DDU. The acceptance certificate was received in 2019. In 2021, he submitted documents for a deduction to the Federal Tax Service, believing that he could return the tax for three years “back”, because the mortgage was issued in 2021. However, he will only be refunded the tax for 2021, since it was in this year that the deed for the apartment was received, which is the basis for the deduction.

Feature #3

Mortgage interest can only be deducted on one property. Unlike the home value deduction, it is not carried over to other properties if the limit is not exhausted. If any uncollected amounts remain, they “burn out.”

Example. Vlasov D.S. bought an apartment with a mortgage for 1.5 million rubles. The refund for the fact of purchase was 13% of 1.5 million, i.e. 195 thousand rubles. When purchasing the next property, Vlasov will be able to return another 65 thousand rubles, because the limit for this category is 260 thousand rubles. with the assumption of transfer to other objects. You can't do that with mortgage interest.

With a mortgage Vlasov D.S. paid off ahead of schedule, paying 300 thousand rubles. as interest. On this basis, 39 thousand rubles will be returned to him, i.e. 13% of 300 thousand rubles. Despite the fact that the total limit for such a refund may be 390 thousand rubles, the next time he purchases real estate with a mortgage, Vlasov D.S. will no longer be able to make a personal income tax refund for interest on the mortgage. The amount missing up to the limit “burns out”.

Other features of the mortgage deduction.

You can use the deduction for any loans issued for the purchase (construction) of housing. The main thing is to correctly indicate the purpose of the loan: purchase or construction of housing.

Example. Kononov I.S. had personal savings in the amount of 2 million rubles and took out 1.5 million rubles as a loan for consumer needs. He spent all the money on buying an apartment for 3.5 million rubles. He will not be able to return personal income tax for interest on the loan. Since the purpose of such a loan will indicate that it is consumer, not housing.

At the same time, Kononov I.S. will be able to take advantage of the deduction for the purchase of housing. The refund amount will be 13% of the cost of the apartment, but not more than 2 million rubles. Conclusion: Mr. Kononov will be able to get back 260 thousand rubles.

Refinancing deserves special attention - “on-lending” on more favorable terms. In this case, interest on both loans can be returned, provided that the residential property remains the same.

The new agreement must contain information about the previous mortgage agreement, namely: amount, purpose, number and date of the agreement.

Example. Ivchenko T.V. took out a mortgage with UBRD in 2021. In 2018, she refinanced it with Sberbank. In 2021, Ivchenko declared the interest component on both agreements for 2017-2018 to be deducted.

Comprehensive economic analysis of economic activity (7)

Section 1. comprehensive diagnostics of the financial condition of the enterprise

We determine the impact of changes in the average annual salary of 1 employee on changes in labor costs:

∆yb = a1 * (b1 – b0) = 29230 * 7.0279 = 205427 thousand rubles, i.e. an increase in average annual wages by 7.0279 thousand rubles per 1 employee led to an increase in labor costs by 205426 thousand rubles; The cumulative influence of factors, i.e. the balance of deviations was: ∆yY = ∆yа + ∆yb =32436+ 205427 = 237863 thousand rubles. Thus, both factors led to an increase in the wage fund. The growth in the number of employees depends on the number of new jobs and expansion of production. Increase in the number of workers by 710 people. in the reporting year speaks of the expansion of production for the manufacture of new products, which in turn leads to greater output and, as a consequence, increased profits.

Analysis of business activity and profitability

Info Debit 76 Credit 91-1 - 25,000 rub. ((RUB 2,000,000 - RUB 1,400,000): 24 months) - income accrued for the 2nd month of circulation of the bill; Debit 76 Credit 91-1 - 25,000 rubles. ((RUB 2,000,000 - RUB 1,400,000): 24 months) - income accrued for the 3rd month of circulation of the bill, etc. Often the specific date for repayment of the bill is unknown. For example, if it contains a repayment clause “upon presentation, but not earlier...”. To calculate discount income on such securities, you need to use the expected period of their circulation. This is 365 (366) days plus the period from the date of the bill of exchange to the minimum date of its presentation for payment. Formation of interest payable (line 2330) ... The procedure for recognizing such expenses is regulated by the Accounting Regulations “Organization Expenses” (PBU 10/99) * (318).

Interest payable 2330

Including those received for the purchase of investment assets. In addition, paragraph 6 of the Accounting Regulations “Accounting for inventories” (PBU 5/01) * (319) provides that interest on loans received for the purchase of inventories (materials or goods) is included in their initial cost if they are accrued before the date of their receipt. A similar norm is contained in paragraph 6.2 of PBU 10/99. At the same time, the Accounting Regulations “Accounting for Loan and Credit Expenses” (PBU 15/2008) * (320) establishes that interest on any loans is reflected as part of the company’s other expenses.

As we said above, exceptions to this rule only affect loans received for the purchase of investment assets. But materials or goods are not considered such assets.

Percentage to be paid. Line 2330

This line reflects information about other expenses of the organization in the form of interest accrued for payment (clause 21 of PBU 10/99, clause 17 of PBU 15/2008).

What applies to interest payable?

Interest payable by the organization includes (clauses 1, 3, 7, 15, 16 PBU 15/2008, clause 11 PBU 10/99, Appendix to the Letter of the Ministry of Finance of Russia dated January 29, 2014 N 07-04-18 /01):

— interest paid on all types of borrowed obligations of the organization (including commodity and commercial loans, bond and bill loans), in addition to that part of them that, in accordance with the accounting rules, is included in the cost of the investment asset;

— discount payable on bonds and bills.

Note!

Small businesses, with the exception of issuers of publicly placed securities, have the right to recognize all borrowing costs as other expenses (clause 7 of PBU 15/2008).

From November 16, 2014, simplified methods of accounting, including simplified financial statements, are not entitled to be used by commercial organizations - small businesses if they are microfinance organizations or their accounting statements are subject to mandatory audit (clause 1, 4, part 5 Article 6 of Law No. 402-FZ).

Interest is recognized evenly as part of other expenses in the reporting periods to which they relate (clauses 6, 8, 15, 16 of PBU 15/2008).

Interest payable is reflected in accounting as the debit of account 91 “Other income and expenses”, subaccount 91-2 “Other expenses”.

What accounting data is used when filling out line 2330 “Interest payable”?

The value of the indicator of this line (for the reporting period) is determined on the basis of data on the total debit turnover for the reporting period in subaccount 91-2 of account 91, the analytical account for accounting for interest payable by the organization. This indicator is indicated in the Statement of Financial Results in parentheses.

Line 2330 “Interest payable” = Turnover on the debit of subaccount 91/2 (analytical accounting account % payable)

The indicator in line 2330 “Interest payable” (for the same reporting period of the previous year) is transferred from the Statement of Financial Results for this reporting period of the previous year.

Example of filling out line 2330 “Interest payable”

Indicators for the debit of subaccount 91-2 of account 91 in accounting (in terms of accrued interest): rub.

Turnover for the reporting period (2014)	Sum
1	2
1. On the debit of subaccount 91-2, analytical account for accounting for interest payable	607 123

Fragment of the Financial Results Report for 2013

Explanations	Indicator name	Code	For 2013	For 2012
1	2	3	4	5
Percentage to be paid	2330	(372)	(412)

Solution

The amount of interest payable for the reporting period is 607 thousand rubles.

A fragment of the Income Statement will look like this.

Explanations	Indicator name	Code	For 2014	For 2013
1	2	3	4	5
Percentage to be paid	2330	(607)	(372)

Course work: comprehensive economic analysis of economic activity

Important Debit 91-2 Credit 66 (67) - 48,105 rubles. (RUB 2,360,000 x 24%: 365 days x 31 days) - interest accrued on the loan for May; Debit 91-2 Credit 66 (67) - 46,553 rubles. (RUB 2,360,000 x 24%: 365 days x 30 days) - interest accrued on the loan for June. At the end of the reporting period, interest on the loan is entered in line 2330 “Interest payable” of the new unified report form in the amount of: 46,553 + 48,105 + 46,553 = 141,211 rubles. Additional loan costs excluding VAT (RUB 10,000) are indicated in line 2350 “Other expenses” of the report. ...on bonds issued by the company Since the issue of bonds is carried out to attract borrowed capital, operations related to their movement are reflected in accounting in accordance with PBU 15/2008. Situation 1 According to the company's accounting policy, interest is accrued at the end of the period for which the company must pay interest. In this situation, the accrual of interest is reflected by the entry (on the last day of the first quarter of bond circulation): Debit 91-2 Credit 66 (67) - 39,890 rubles. (RUB 2,000,000 x 8%: 365 days x 91 days) - interest accrued on bonds for the first quarter of bond circulation. Situation 2 According to the company's accounting policy, interest is accrued evenly over the circulation period of the bonds. The accrual of interest is reflected in the entries (on the last day of each month of circulation of bonds): Debit 91-2 Credit 66 (67) - 13,151 rubles. (RUB 2,000,000 x 8%: 365 days x 30 days) - interest accrued on bonds for April; Debit 91-2 Credit 66 (67) - 13,589 rubles. (RUB 2,000,000 x 8%: 365 days x 31 days) - interest accrued on bonds for May; Debit 91-2 Credit 66 (67) - 13,151 rub. Task 13 According to PBU 9/99 “Income of the Organization” and PBU 10/99 “Expenses of the Organization”, income is recognized as an increase, and expenses as a decrease in economic benefits as a result of the receipt or disposal of assets, as well as the repayment or occurrence of liabilities, leading to corresponding changes in the capital of the organization . Income and expenses are divided into income (expenses) from ordinary activities and other income (expenses). The excess of income over expenses means profit, the excess of expenses over income means a loss from the corresponding type of activity. We will analyze the income and expenses of Agat LLC in Table 13.1. based on data from Form No. 2 “Profit and Loss Statement” from Appendix No. 2. Table 13 - Composition, structure and dynamics of income and expenses No. Indicator Last year Reporting year Change (+,-) Amount, thousand rubles. % of the total Amount, thousand rubles. % of the total Amount, thousand rubles.

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