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Journal Entries Flashcards

1
Q

Appropriations

A

No entry - recorded in RAPAL

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2
Q

Allotment

A

No entry - recorded in RAPAL and RAOD

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3
Q

Incurrence of obligation

A

No entry - recorded in ORS and RAOD

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4
Q

Disbursements
Payable to officers and employees

A

Debit
Salaries and wages, regular
PERA

Credit
Due to BIR
Due to GSIS
Due to Pag IBIG
Due to PhilHealth
Due to officers and employees

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5
Q

Disbursements
Cash advances

A

Debit
Advances for payroll

Credit
Cash - MDS, Regular

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6
Q

Disbursements
Liquidation

A

Debit
Due to officers and employees

Credit
Advances for payroll

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7
Q

Maintenance and other opex
Purchase of office supplies

A

Debit
Office supplies inventory

Credit
Accounts payable

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8
Q

Maintenance and other opex
Payment of AP

A

Debit
Accounts payable

Credit
Due to BIR
Cash - MDS, Regular

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9
Q

Maintenance and other opex
Operating expenses

A

Debit
Water exp
Electricity
Telephone
Janitorial
Security

Credit
Due to BIR
Cash - MDS, Regular

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10
Q

Cash advances for travel

A

Debit
Advances to officers and employees

Credit
Cash - MDS, Regular

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11
Q

Liquidation of the cash advance travel

A

Debit
Travel expenses - foreign or local dependz

Credit
Advances to officers and employees

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12
Q

Deposit of excess

A

Debit
Cash - CO
Credit
Advances to officers and employees

Debit
Cash - TAD, Regular
Credit
Cash - CO

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13
Q

Insurance of office supplies to end users

A

Debit
Office supplies expense

Credit
Office supplies inventory

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14
Q

Purchase of office equipment

A

Debit
Office equipment

Credit
Accounts payable

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15
Q

Payment of office equipment

A

Debit
Accounts payable

Credit
Due to BIR
Cash - MDS, Regular

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16
Q

Remit taxes through TRA

A

Debit
Cash - TRA

Credit
Subsidy from National Government

Debit
Due to Bir

Credit
Cash - TRA

17
Q

Remit the GSIS, Pag IBIG, PhilHealth

A

Debit
Due to GSIS
Due to Pag-IBIG
Due to PhilHealth

Credit
Cash - MDS, Regular

18
Q

Billing of revenue - fees

A

Debit
Accounts receivable

Credit
Fees

19
Q

Collect and remit

A

Debit
Cash - CO

Credit
Accounts receivable

Debit
Cash - TRA

Credit
Cash - CO

20
Q

Unbilled and remit

A

Debit
Cash - CO

Credit
Fees identified

Debit
Cash - TRA

Credit
Cash - CO

21
Q

Unbilled and direct deposit

A

Debit
Cash - TRA

Credit
Immigration tax

22
Q

Reverted unused NCA

A

Debit
Subsidy from National government

Credit
Cash - MDS, Regular

Gov Acc (1 decks)

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