Commitment accounts may record rights and obligations that may affect the amount or the content of balance sheet items. The effects of rights and obligations on the amount or the content of balance sheet items are subject to the fulfilment of subsequent conditions or transactions.
The subdivisions of account 80 provide details by nature of the various commitments.
Accounts 801 and 802 record the entity’s debit and credit positions, if any, with third parties.
801. Commitments made by the entity
8011. Bonds, sureties, guarantees
8014. Bills in circulation endorsed by the entity
8016. Upcoming leasing payments
80161. Equipment leasing
80165. Real estate leasing
8018. Other commitments made
802. Commitments received by the entity
8021. Bonds, sureties, guarantees
8024. Discounted receivables not yet due
8026. Leasing commitments received
80261. Equipment leasing
80265. Real estate leasing
8028. Other commitments received
Regarding bills, the following entries are made in the commitment accounts on the date of discounting :
Write-offs of commitments are made on a date subsequent to the maturity date of bills, after the expiration of the appeal periods.
In the event of the bill of exchange being returned by the lending institution for non-payment or for any other reason, in particular claim, non-acceptance or irregularity of the bill, the repayment of discount credit requires the reversal of the commitment entries relating to the returned bill.
Counterpart accounts are opened in account 809.
809. Commitments counterpart
8091. Counterpart 801
8092. Counterpart 802
