What are the situations in which the amount of accounting entries is negative?

In one case, the amount of accounting entries in reading guidance is negative, which is mainly related to the "borrowing direction" of accounting subjects. Of course, the borrowing direction is one of the essential elements of accounting entries, which is used to record the increase or decrease of economic business, so the borrowing direction directly determines the processing method of accounting entries. What are the situations in which the amount of accounting entries is negative?

What are the situations in which the amount of accounting entries is negative? Correction of scarlet letter

Because the correction of the scarlet letter is generally carried out in the case of wrong accounts, the amount of accounting entries is negative. Under normal circumstances, only when two conditions are met can the scarlet letter be corrected. One is an accounting error. When an account is misremembered or the borrowing direction is wrong, it needs to be modified in the form of "negative number" in red, and the wrong accounting voucher will be reversed, thus invalidating the wrong accounting voucher and adding the correct accounting voucher in blue. Secondly, the bookkeeping amount is greater than the correct amount, that is, the accounting subjects are not mistaken, but the bookkeeping amount is greater than the correct amount. At this time, it can also be modified in the form of red "negative number" to offset the extra wrong amount. It is worth noting that in order to facilitate future verification and reconciliation, all cases of red-letter correction need to indicate the purpose of revision in the abstract.

What are the situations in which the amount of accounting entries is negative? Sales return

Sales returns will also involve the problem that the amount of accounting entries is negative, which can be understood as the amount of bookkeeping is recorded too much. Note that it should be clearly stated in the summary of accounting vouchers that it is a sales return.

What are the situations in which the amount of accounting entries is negative? Interest income

Interest income belongs to the secondary subject of financial expense details, which is mainly used to record the deposit of deposit interest.

Financial expenses are expense accounts, in which the debit indicates the increase of expenses, the credit indicates the decrease of expenses, and the interest income indicates the decrease of expenses. It is reasonable to say that the amount appears in the lender, but due to the provisions of "debit" and "loan", interest income can only appear in the debit of accounting entries.

In addition, because the financial expenses only appear in the lender when the profits are carried forward this year, other situations are in the borrower, and interest income is not a special case, so it can only appear in the borrower.

To sum up, the borrower increased the financial expenses, but reduced the interest income. Because the borrowing direction of financial expenses cannot be modified, it can only start with the amount of accounting entries, and then the amount of accounting entries will be negative.

What are the situations in which the amount of accounting entries is negative? Estimated return

Accountants usually estimate the receipt of goods at the end of the month, but do not accept invoices. There will be some deviation between the expected warehousing and the actual warehousing. Therefore, when there is a deviation, the accountant will correct it in red ink in the form of negative entry amount.

I would like to introduce you to the situation that the amount of accounting entries is negative. If you want to be an excellent immigration accountant, you must fully understand the above contents. More accounting entries in the accounting industry will be gradually updated later.