In financial accounting, the financial receivable is the debit side's zero balance account receivable credit account, while the credit side's financial receivable credit account. This is because when the unit receives the approval of the financial department and does not issue the quota of the zero balance account in the previous year, it needs to record the amount in the quota account of the zero balance account, and at the same time record the corresponding financial refundable amount (financial authorized payment) in the financial receivable quota account.
For example, suppose that a unit has obtained a zero balance account approved by the financial department in the previous year with a limit of 1 million yuan. In financial accounting, the unit will record a debit of 1 million yuan in the zero balance account account of the debit side, and a credit of 1 million yuan in the financial receivable line account of the credit side.
In budget accounting, the amount of financial receivables also belongs to the account of the balance of funds of the debit side - the amount of funds used in the zero balance account, and the balance of funds of the credit side - the account of the amount of funds to be returned by the treasury. Under budget accounting, the unit needs to record the amount of funds used in the zero balance account approved by the financial department in the account of the debit balance - the amount of funds used in the zero balance account, and at the same time record the amount of financial return in the account of the credit side of the balance of funds - the amount of financial returnable.
In summary, the amount of financial refundable is a different account in financial accounting and budget accounting, but both are related to the amount of funds used in the zero balance account and the balance of funds. The above are examples of two scenarios, and there may be other situations in practical application, and the specific accounting treatment depends on the provisions of the financial policy and the specific financial system. Finance