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Issues about the signature of the endorsee of bank acceptance bills

The last endorser of your acceptance is the one with the legal person’s signature and seal (that is, the rightmost endorsement now)

The signature of the last endorser The seal indicates the final payee, which means that what you receive is the acceptance from the final endorser.

According to your question, I will add the following:

When you receive an acceptance from a customer, the back of the acceptance requires the customer’s endorsement (that is, the last endorser) The stamp in the endorser column indicates the party receiving the acceptance. When your company receives the acceptance, it can endorse the transfer or wait until the acceptance expires to collect it from the bank.

Prepare endorsement transfer:

Debit: Notes receivable

Credit: Accounts receivable—(name of customer who received acceptance)

< p>When making a loan to a supplier:

Debit: Accounts payable

Credit: Notes receivable

Prepare collection accounts:

< p>Debit: Notes receivable:

Credit: Accounts receivable - (name of customer who received acceptance)

Maturity collection:

Debit : Bank deposits

Credit: Notes receivable