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Experience Gazelle Circle supporting our customers has shown us that have good funding to help them achieve the best results for their businesses, which is why all employers are sounding terms such as: leasing, renting, discounting, factoring, loans, credit facilities, etc. Today we treat
how to account for such a tool as useful for our day to day business, the credit facilities .

We have to distinguish two moments in the accounts:
1 .- When we attach the policy at this time normally pay some expense fee, among others. This seat will carry it out as follows: ____________________________

626. Banking and similar to 572. Banks

____________________________ When we attach the policy we must also reflect in the accounts that we have the money: ____________________________

572. Banks in 5201. Debt ac / p for credit provided
____________________________
2 .- When we have money from the policy: ____________________________

57x. Treasury 572. ____________________________

when banks pay interest on capital provided: ____________________________

662. Interest on debts to 572. ____________________________
banks
3 .- When they cancel the credit facility, which would reflect as follows: ____________________________

5201. Debt ac / p for credit provided to 572. ____________________________
banks
Gazelle In Circle we will not tire of insisting on the importance of keeping good accounting and have a good accounting advice to avoid mistakes.
When applying for funding banks ask us to tax and accounting documents of our company, given the difficult time when we are growing, so we must always remember that the accounting reflects the situation of our company and this image has to be as accurate as possible.
In other entries explain how to account for different forms of financing.

you soon.