new chart of account
TRANSCRIPT
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8/13/2019 NEW CHART OF ACCOUNT
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8/13/2019 NEW CHART OF ACCOUNT
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0/ The Coding System
0/+ Codes are assi$ned to fund $roups, allotment classes and $eneral led$er
accounts to facilitate location of accounts in the $eneral and su)sidiar
led$ers, to provide sstematic arran$ement and classification of accounts, andto facilitate preparation of the consolidated financial reports/
0/ The codin$ sstem conforms to the sstem prescri)ed ) the Department ofBud$et and "ana$ement, Department of >inance ? BTr, Bureau of #ocal
Government >inance and other oversi$ht a$encies, as follo4s:
0//+ Codes for appropriations, allotments and o)li$ations
+ Personal %ervices
"aintenance and Other Operatin$ (5penses
0 Capital Outla
0// Codes for fund $roups
++=+ General >unds
+= %pecial >unds
1+=1 Trust >unds
0//0 Codes for $eneral led$er accounts
4.0 Implementing uidelines
1/+ The NGAs and #G&s shall record their financial transactions in accordance
4ith the Chart of Accounts prescri)ed herein, effective 'anuar +, ++/
Account Code Accounts
+=+=+=+ to +=== Assets
=+=+=+ to === #ia)ilities
0=+=+=+ to 0=== (
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8/13/2019 NEW CHART OF ACCOUNT
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1/ All a$encies shall convert the )alances of their accounts as of Decem)er 0+,
+ as )e$innin$ )alances for C ++/
1/0 Accounts other than those provided in this Circular shall )e used onl upon
prior approval of this Commission/
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8/13/2019 NEW CHART OF ACCOUNT
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2/ Account Titles and !escription
2/+ Anne5 A presents the #ist of Account Titles, their correspondin$ account codes
and the %ector 8NGA or #G&9 to use/
2/ Anne5 B contains the description of accounts and the instructions 4hen to de)it
and to credit the accounts/
@/ Repealing Clause
All circulars, memoranda and other issuances or parts thereof 4hich are
inconsistent 4ith the provisions of this Circular are here) repealed!modifiedaccordin$l/
./ "ffecti#ity
This Circular shall tae effect on 'anuar +, ++/
R"$%AL!& A. 'ILLAR
Chairman
(UA%IT& . "S)I%&* (R/ Commissioner
"'"L$% R. SA% +U"%A'"%TURA
Commissioner