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Accounting entries of accounting problems in colleges and universities
1. If interest is not calculated on a monthly basis, interest will be deducted as it is.

Borrow: short-term loan of 260,000 yuan.

Debit: financial expenses 7230

Loan: Bank deposit 267230

2. Calculate interest on a monthly basis

Cumulative time:

Debit: financial expenses 7230

Loans: short-term loans 7230

When paying interest:

Borrow: short-term loan 7230

Loan: Bank deposit 7230

If the loan is also repaid:

Borrow: short-term loan 267230

Loan: Bank deposit 267230