How to make accounting entries for loans received?

A, received a loan accounting entry how to do?

Accounting entries to receive a loan:

Credit: short-term or long-term borrowing

Borrow: short-term or long-term borrowing

Financial expenses-interest

Loan: bank deposits

Extended information:

Accounting for short-term borrowing mainly includes three aspects:

First, accounting for the acquisition of borrowing (the enterprise from the bank or other financial institutions to borrow money, should be signed rate and repayment time, etc.);

Second, borrowing Accounting for interest;

Third, accounting for the return of borrowed funds.

Short-term borrowing is generally the amount of the period to get accounted for. Short-term borrowing interest expense, is the enterprise accounting activities to raise funds for the expenses incurred, should be treated as a financial fee

Because of the different ways of interest payments, its accounting for the amount of interest charged on a monthly basis, or repayment of principal and interest payments at once, but the amount of interest is not large, the interest expense can be directly into the profit and loss for the current period.

If the interest on short-term loans is charged quarterly (or semi-annually), or debt service is carried out once, but when the interest amount is large, then the withholding method can be used