CHAPTER 3 (GOVERNMENT ACCOUNTING PROCESS) Flashcards
- Journals
a. General Journal
b. Cash Receipts Journal
c. Cash Disbursements Journal
d. Check Disbursements Journal
- Ledgers
a. General Ledgers
b. Subsidiary Ledgers
a. Registries of Revenue and Other Receipts (RROR)
b. Registry of Appropriations and Allotments (RAPAL)
c. Registries of Allotments, Obligations and Disbursements (RAOD)
d. Registries of Budget, Utilization and Disbursements (RBUD)
Registries
- monitor budgeted amounts, actual collections
Registries of Revenue and Other Receipts (RROR)
– monitor appropriations & allotments
Registry of Appropriations and Allotments (RAPAL)
monitor allotments received & obligations incurred
. Registries of Allotments, Obligations and Disbursements (RAOD
record approved special budget
Registries of Budget, Utilization and Disbursements (RBUD
all types of employee benefits (salaries, bonuses)
a) Personal Services (PS
– op expenses other than employee benefits (travel, utilities, supplies)
b) maintenance and other operating expenses (MOOE
finance costs (interest exp, bank charges)
c) Financial Expenses (FE)
capitalizable expenditure (exp on construction of infrastructures)
d) Capital Outlays
incurred issuance (Obligations and request and status, ORS)
- Recorded in RAOD
Obligations
used when RAOD & ORS are needed of adjustment
Notice of obligations and request and status adjustment
Entity A receives a Notice of Cash Allocation (NCA) from the D amounting to P200,000, net of tax.
Cash-Modified Disbursement System (MDS),
Regular Subsidy from National Government.
To recognize receipt of NCA from DBM
Disbursement Authority - Notice of Cash Allocation (NCA)
Salaries and Wages, Regular
Personal Economic Relief Allowance (PERA)
Due to BIR
Due to GSIS
Due to Pag-IBIG
Due to PhilHealth
Due to Officers and Employees
To recognize payable to officers and employees upon approval of payroll
a. Set up of payable to officers and employees upon approval of payroll.
Advances for Payroll
Cash-Modified Disbursement System (MDS), Regular
T o recognize grant of cash advance for payroll
b. Grant of Cash Advance for payroll.
Due to Officers and Employees
Advances for Payroll
To recognize liquidation of Payroll Fund
. Liquidation of Payroll Fund
Due to GSIS
Due to Pag-IBIG
Due to PhilHealth
Cash-Modified Disbursement System (MDS), Regular
To recognize remittance to GSIS, Pag-IBIG and PhilHealth
Remittance to GSIS. Pag-IBIG & PhilHealth
Accounts receivable
Rent/Lease income
To recognize billing of income
Entity A bills revenue of $100,000 for rent income.
Cash - Collecting Officers
Accounts Receivable
To recognize collection of billed income
Cash-Treasury/Agency Deposit, Regular
Cash-Collecting Officers
To recognize remittance of income to BTr
Entity A collects $100,000 from the billed revenue and remits the collection to the BTr.
record transactions not in SJ
General Journal
report of collection and deposit & cash receipts register
Cash receipts journal
collecting officer: deposits to authorized government depository bank
- Report of collection and deposit (RCD
field officer w/o complete set of books
Cash receipts register (CRReg)
