Bank acceptance bill subject: payment, debit: notes receivable, credit: main business income, tax payable-value-added tax (output tax). Previously owed payment, debit: notes receivable, credit: accounts receivable. 2. After the acceptance bill expires, debit: bank deposit, credit: notes receivable. Bank acceptance bill is a kind of commercial bill, which is a deferred payment bill issued by the payer on behalf of the bank, and the bank has the obligation to pay it at maturity; The longest term of a bill is six months, and it can be endorsed and transferred within the term of the bill.

An acceptance bill refers to a bill that has been accepted. That is, in the transaction, the seller issues a bill of exchange in order to ask the buyer to pay, and the payer marks the word "acceptance" on the face and signs it to acknowledge the payment due. The drawee becomes the acceptor of the bill after acceptance. Commercial acceptance bills are accepted by the buyer, and bank acceptance bills are called bank acceptance bills.

history

Acceptance bills were born in Italy in the14th century. Early businessmen and bankers invented a kind of "four-person bill", that is, there are four signatories on the bill, and their division of labor is different, including: importer, importer's bank (guarantee acceptance), exporter's bank (provide the actual money in the transaction) and exporter. After the invention, it was widely used in trade settlement and financing, which not only directly promoted the development of trade and finance, but also laid the foundation for the bill underwriting and brokerage business of investment banks later.

classify

Acceptance bills can be divided into bank acceptance bills and commercial acceptance bills. At the same time, according to the existing forms, bills can be divided into paper acceptance bills and electronic acceptance bills.

A bank acceptance bill is an order issued by a creditor asking the debtor to pay. When this bill is promised by the bank, it becomes a bank acceptance bill. As a short-term financing tool, bank acceptance bills generally range from 30 days to 180 days, and 90 days is the most common.