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Annex A
EVISED CHART OF ACCOUNTS
r Government Corporations
A. CODING SCHEME
1. Codes are assigned to account groups to facilitate location of accounts in
the general and subsidiary ledgers, to provide systematic arrangement and classification of accounts and facilitate p
Code Account Groups
1 Assets
2 Liabilities
3 Equity
4 Income
5 Expenses
2. The account code structure consists of eight (8) mandatory digits as follows:
0 00 00 000
Account Group
Major Account Group
Sub-Major Account Group
General Ledger Account
General Ledger Contra-Account
2.1 Account Group represents the accounts classification as to assets,
liabilities, equity, revenue/income and expenses.
2.2 Major account group classifies the account within an account group,
e.g. for assets major accounts: cash and cash equivalents, investments, receivables, inventories, investmen
2.3 Sub-major account group further classifies the account within the
major account group, e.g. for cash and cash equivalents: Cash on Hand, Cash in Bank-Local Currency, Cash in Bank-F
2.4 General ledger (GL) account represents the account to be presented in
the detailed financial statements, e.g. Cash-Collecting Officer, Petty Cash, etc. This is composed of two (2) segments
2.5 Coding of assets with and without contra accounts shall be as follows:
Asset without Contra Account
Cash Collecting Officer 1 01 01 010
Asset
Cash and Cash Equivalen
ts
Cash on Hand
Cash-Collecting Officers
General Ledger Contra-Accounts
Asset with contra account
Accounts Receivable
1 03 01 010
Asset
Receivables
Loans and Receivable
Accounts
Accounts Receivable
General Ledger Contra- Accounts
Contra-Account of Accounts Receivable
Allowance for Impairment –
Accounts Receivable
1 03 01 011
–
Asset
Receivables
Loans and Receivable
Accounts
Accounts Receivable
Allowance for Impairment Accounts Receivable
B. LIST OF THE REVISED CHART OF ACCOUNTS
For GOVERNMENT CORPORATIONS
Covering Standards ACCOUNT TITLES and CODES
(PAS/PFRS/PPSAS)
PAS 1, 7, 32,
PPSAS 1, 2,
1 Assets
1 01 Cash and Cash Equivalents
ASSETS
39 28, 29 & 30 1 01 01 Cash on Hand
1 01 01 010 Cash-Collecting Officers
39 28, 29 & 30
PAS 1, 2, 23
PPSAS 1
PPSAS 1, 12
1 03 03 Inter-Agency Receivables
1 03 03 010 Due from National Government Agencies
1 03 03 030 Due from Local Government Units
1 03 03 050 Due from Government Corporations
1 03 03 060 Due from Subsidiaries/Joint Ventures/Associates/Affiliates
1 03 03 070 Due from Parent Corporations
1 03 04 Intra-Agency Receivables
1 03 04 040 Due from Operating Units
1 03 04 050 Due from Other Funds
1 03 04 060 Due from Central Office/Home/Head Office
1 03 04 070 Due from Regional/Branch Offices
1 03 05 Other Receivables
1 03 05 010 Receivables-Disallowances/Charges
1 03 05 020 Due from Officers and Employees
1 03 05 030 Due from Non-Government Organizations/People's Organizations
1 03 05 040 Insurance Claims Receivable
1 03 05 041 Allowance for Impairment-Insurance Claims Receivable
1 03 05 050 Deficiency Judgment Receivable
1 03 05 051 Allowance for Impairment-Deficiency Judgment Receivable
1 03 05 060 Subscriptions Receivable
1 03 05 990 Other Receivables
1 03 05 991 Allowance for Impairment-Other Receivables
1 04 Inventories
1 04 01 Inventory Held for Sale
1 04 01 010 Merchandise Inventory
1 04 01 011 Allowance for Impairment-Merchandise Inventory
1 04 02 Inventory Held for Distribution
1 04 02 010 Food Supplies for Distribution
1 04 02 011 Allowance for Impairment-Food Supplies for Distribution
1 04 02 020 Welfare Goods for Distribution
1 04 02 021 Allowance for Impairment-Welfare Goods for Distribution
1 04 02 030 Drugs and Medicines for Distribution
1 04 02 031 Allowance for Impairment-Drugs and Medicines for Distribution
1 04 02 040 Medical, Dental and Laboratory Supplies for Distribution
1 04 02 041 Allowance for Impairment-Medical, Dental and Laboratory Supplies for Distribution
1 04 02 050 Agricultural and Marine Supplies for Distribution
1 04 02 051 Allowance for Impairment-Agricultural and Marine Supplies for Distribution
1 04 02 060 Agricultural Produce for Distribution
1 04 02 061 Allowance for Impairment-Agricultural Produce for Distribution
1 04 02 070 Textbooks and Instructional Materials for Distribution
1 04 02 071 Allowance for Impairment-Textbooks and Instructional Materials for Distribution
1 04 02 080 Construction Materials for Distribution
1 04 02 081 Allowance for Impairment-Construction Materials for Distribution
1 04 02 090 Property and Equipment for Distribution
1 04 02 091 Allowance for Impairment-Property and Equipment for Distribution
1 04 02 990 Other Supplies and Materials for Distribution
1 04 02 991 Allowance for Impairment-Other Supplies and Materials for Distribution
1 04 03 Inventory Held for Manufacturing
1 04 03 010 Raw Materials Inventory
1 04 03 011 Allowance for Impairment-Raw Materials Inventory
1 04 03 020 Work-in-Process Inventory
1 04 03 021 Allowance for Impairment-Work-in-Process Inventory
1 04 03 030 Finished Goods Inventory
1 04 03 031 Allowance for Impairment-Finished Goods Inventory
1 04 04 Inventory Held for Consumption
1 04 04 010 Office Supplies Inventory
1 04 04 011 Allowance for Impairment-Office Supplies Inventory
1 04 04 020 Accountable Forms, Plates and Stickers Inventory
1 04 04 021 Allowance for Impairment-Accountable Forms, Plates and Stickers Inventory
1 04 04 030 Non-Accountable Forms Inventory
1 04 04 031 Allowance for Impairment-Non-Accountable Forms Inventory
1 04 04 040 Animal/Zoological Supplies Inventory
1 04 04 041 Allowance for Impairment-Animal/Zoological Supplies Inventory
1 04 04 050 Food Supplies Inventory
1 04 04 051 Allowance for Impairment-Food Supplies Inventory
1 04 04 060 Drugs and Medicines Inventory
Covering Standards
(PAS/PFRS/PPSAS)
1 04 04 061
1 04 04 070
1 04 04 071
1 04 04 080
1 04 04 081
1 04 04 090
1 04 04 091
1 04 04 100
1 04 04 101
1 04 04 110
1 04 04 111
1 04 04 120
1 04 04 121
1 04 04 130
1 04 04 131
1 04 04 140
1 04 04 141
1 04 04 150
1 04 04 151
1 04 04 160
1 04 04 161
1 04 04 170
1 04 04 171
1 04 04 180
1 04 04 181
1 04 04 990
1 04 04 991
ACCOUNT TITLES and CODES
1 04 05
Allowance for Impairment-Drugs and Medicines Inventory
Medical, Dental and Laboratory Supplies Inventory
Allowance for Impairment-Medical, Dental and Laboratory Supplies Inventory
Fuel, Oil and Lubricants Inventory
Allowance for Impairment-Fuel, Oil and Lubricants Inventory
Agricultural and Marine Supplies Inventory
Allowance for Impairment-Agricultural and Marine Supplies Inventory
Textbooks and Instructional Materials Inventory
Allowance for Impairment-Textbooks and Instructional Materials Inventory
Military, Police and Traffic Supplies Inventory
Allowance for Impairment-Military, Police and Traffic Supplies Inventory
Chemical and Filtering Supplies Inventory
Allowance for Impairment-Chemical and Filtering Supplies Inventory
Construction Materials Inventory
Allowance for Impairment-Construction Materials Inventory
Currency Inventory
Allowance for Impairment-Currency Inventory
Demonetized Coins for Melting
Allowance for Impairment-Demonetized Coins for Melting
Information Materials Inventory
Allowance for Impairment-Information Materials Inventory
Linens and Beddings
Allowance for Impairment-Linens and Beddings
Play/Bet Slips and Thermal Rolls Supplies Inventories
Allowance for Impairment-Play/Bet Slips and Thermal Rolls Supplies Inventories
Other Supplies and Materials Inventory
Allowance for Impairment-Other Supplies and Materials Inventory
Expendable Machinery and Equipment
1 04 05 010 Semi-Expendable Machinery
1 04 05 020 Semi-Expendable Office Equipment
1 04 05 030 Semi-Expendable Information and Communication Technology Equipment
1 04 05 040 Semi-Expendable Agricultural and Forestry Equipment
1 04 05 050 Semi-Expendable Marine and Fishery Equipment
1 04 05 060 Semi-Expendable Airport Equipment
1 04 05 070 Semi-Expendable Communication Equipment
1 04 05 080 Semi-Expendable Disaster Response and Rescue Equipment
1 04 05 090 Semi-Expendable Military, Police and Security Equipment
1 04 05 100 Semi-Expendable Medical Equipment
1 04 05 110 Semi-Expendable Printing Equipment
1 04 05 120 Semi-Expendable Sports Equipment
1 04 05 130 Semi-Expendable Technical and Scientific Equipment
1 04 05 140 Semi-Expendable Construction and Heavy Equipment
1 04 05 150 Semi-Expendable Gaming Equipment
1 04 05 190 Semi-Expendable Other Machinery and Equipment
1 04 06
Semi–Expendable Furniture, Fixtures and Books
1 04 06 010 Semi-Expendable Furniture and Fixtures
1 04 06 020 Semi-Expendable Books
PAS 1 1 04 07 Domestic Gold and Silver Inventory
1 04 07 010 Gold for Refining
1 04 07 020 Gold for Domestic Sales
1 04 07 030 Silver for Domestic Sales
1 04 07 040 Silver for Refining
1 04 08 Plant Inventory
1 04 08 010 Plant Inventory
PAS 1, 17, 23,
36 & 40
PPSAS 1,16
1 05 Investment Property
1 05 01 Land and Buildings
1 05 01 010 Investment Property, Land
1 05 01 011 Accumulated Impairment Losses-Investment Property, Land
1 05 01 020 Investment Property, Buildings
1 05 01 021 Accumulated Depreciation-Investment Property, Buildings
1 05 01 022 Accumulated Impairment Losses-Investment Property, Buildings
1 05 99 Construction in Progress
1 05 99 010 Construction in Progress-Investment Property, Buildings
1 06 Property, Plant and Equipment
1 06 01 Land
1 06 01 010 Land
1 06 01 011 Accumulated Impairment Losses-Land
PAS 1, 16, 23,
36
PPSAS 1, 17,
21
Covering Standards ACCOUNT TITLES and CODES
(PAS/PFRS/PPSAS)
1 06 04 072
1 06 04 990
1 06 04 991
1 06 04 992
ACCOUNT TITLES and CODES
PAS 1, 16, 36
PPSAS 1, 17,
21
Accumulated Impairment Losses-Water Plant Structure and Improvements
Other Structures
Accumulated Depreciation-Other Structures Accumulated Impairment Losses-Other Structures
1 06 05 Machinery and Equipment
1 06 05 010 Machinery
1 06 05 011 Accumulated Depreciation-Machinery
1 06 05 012 Accumulated Impairment Losses-Machinery
1 06 05 020 Office Equipment
1 06 05 021 Accumulated Depreciation-Office Equipment
1 06 05 022 Accumulated Impairment Losses-Office Equipment
1 06 05 030 Information and Communication Technology Equipment
1 06 05 031 Accumulated Depreciation-Information and Communication Technology Equipment
1 06 05 032 Accumulated Impairment Losses-Information and Communication Technology Equipment
1 06 05 040 Agricultural and Forestry Equipment
1 06 05 041 Accumulated Depreciation-Agricultural and Forestry Equipment
1 06 05 042 Accumulated Impairment Losses-Agricultural and Forestry Equipment
1 06 05 050 Marine and Fishery Equipment
1 06 05 051 Accumulated Depreciation-Marine and Fishery Equipment
1 06 05 052 Accumulated Impairment Losses-Marine and Fishery Equipment
1 06 05 060 Airport Equipment
1 06 05 061 Accumulated Depreciation-Airport Equipment
1 06 05 062 Accumulated Impairment Losses-Airport Equipment
1 06 05 070 Communication Equipment
1 06 05 071 Accumulated Depreciation-Communication Equipment
1 06 05 072 Accumulated Impairment Losses-Communication Equipment
1 06 05 080 Construction and Heavy Equipment
1 06 05 081 Accumulated Depreciation-Construction and Heavy Equipment
1 06 05 082 Accumulated Impairment Losses-Construction and Heavy Equipment
1 06 05 090 Disaster Response and Rescue Equipment
1 06 05 091 Accumulated Depreciation-Disaster Response and Rescue Equipment
1 06 05 092 Accumulated Impairment Losses-Disaster Response and Rescue Equipment
1 06 05 100 Military, Police and Security Equipment
1 06 05 101 Accumulated Depreciation-Military, Police and Security Equipment
1 06 05 102 Accumulated Impairment Losses-Military, Police and Security Equipment
1 06 05 110 Medical Equipment
1 06 05 111 Accumulated Depreciation-Medical Equipment
1 06 05 112 Accumulated Impairment Losses-Medical Equipment
1 06 05 120 Printing Equipment
1 06 05 121 Accumulated Depreciation-Printing Equipment
1 06 05 122 Accumulated Impairment Losses-Printing Equipment
1 06 05 130 Sports Equipment
1 06 05 131 Accumulated Depreciation-Sports Equipment
1 06 05 132 Accumulated Impairment Losses-Sports Equipment
1 06 05 140 Technical and Scientific Equipment
1 06 05 141 Accumulated Depreciation-Technical and Scientific Equipment
1 06 05 142 Accumulated Impairment Losses-Technical and Scientific Equipment
1 06 05 150 Gaming Equipment
1 06 05 151 Accumulated Depreciation-Gaming Equipment
1 06 05 152 Accumulated Impairment Losses-Gaming Equipment
1 06 05 990 Other Equipment
1 06 05 991 Accumulated Depreciation-Other Equipment
1 06 05 992 Accumulated Impairment Losses-Other Equipment
1 06 06 Transportation Equipment
1 06 06 010 Motor Vehicles
1 06 06 011 Accumulated Depreciation-Motor Vehicles
1 06 06 012 Accumulated Impairment Losses-Motor Vehicles
1 06 06 020 Trains
1 06 06 021 Accumulated Depreciation-Trains
1 06 06 022 Accumulated Impairment Losses-Trains
1 06 06 030 Aircrafts and Aircrafts Ground Equipment
1 06 06 031 Accumulated Depreciation-Aircrafts and Aircrafts Ground Equipment
1 06 06 032 Accumulated Impairment Losses-Aircrafts and Aircrafts Ground Equipment
1 06 06 040 Watercrafts
1 06 06 041 Accumulated Depreciation-Watercrafts
1 06 06 042 Accumulated Impairment Losses-Watercrafts
1 06 06 990 Other Transportation Equipment
PAS 1, 16, 36
PPSAS 1, 17,
21
Covering Standards ACCOUNT TITLES and CODES
(PAS/PFRS/PPSAS)
1 06 11 071
1 06 11 072
1 06 11 080
1 06 11 081
1 06 11 082
1 06 11 090
1 06 11 091
1 06 11 092
1 06 11 110
1 06 11 111
1 06 11 112
1 06 11 120
1 06 11 121
1 06 11 122
1 06 11 130
1 06 11 131
1 06 11 132
1 06 11 140
1 06 11 141
1 06 11 142
1 06 11 150
1 06 11 151
1 06 11 152
1 06 11 160
1 06 11 161
1 06 11 990
1 06 11 991
1 06 11 992
ACCOUNT TITLES and CODES
PAS 1,16, 36,
PAS 1, 16, 36
PPSAS 1
PPSAS 1, 27
Accumulated Depreciation-Service Concession-Seaport Systems
Accumulated Impairment Losses-Service Concession-Seaport Systems
Service Concession-Airport Systems
Accumulated Depreciation-Service Concession-Airport Systems Accumulated Impairment Losses-Service Concession-Airport Systems Service Concession-Parks, Plazas and M
Accumulated Depreciation-Service Concession Parks, Plazas and Monuments Accumulated Impairment Losses-Service Concession-Parks, Plazas and Monuments Service Con
Accumulated Depreciation-Railway Systems Accumulated Impairment Losses-Railway Systems Service Concession-Buildings and Other Structures
Accumulated Depreciation-Service Concession-Buildings and Other Structures Accumulated Impairment Losses-Service Concession-Buildings and Other Structures Service C
Accumulated Depreciation-Service Concession-Machinery and Equipment Accumulated Impairment Losses-Service Concession-Machinery and Equipment Service Concessio
Accumulated Depreciation-Service Concession-Transportation Equipment Accumulated Impairment Losses-Service Concession-Transportation Equipment Service Concession
Accumulated Depreciation-Service Concession-Furniture, Fixtures and Books Accumulated Impairment Losses-Service Concession-Furniture, Fixtures and Books Service Co
Accumulated Impairment Losses-Service Concession-Land
Other Service Concession Assets
Accumulated Depreciation-Other Service Concession Assets Accumulated Impairment Losses-Other Service Concession Assets
1 06 12 Exploration and Evaluation Assets
1 07 Biological Assets
1 07 01 Bearer Biological Assets
PFRS 6 1 06 12 010 Underground Tunnel
1 06 12 011 Accumulated Depreciation-Underground Tunnel
1 06 12 012 Accumulated Impairment Losses-Underground Tunnel
1 06 12 020 Mining Equipment
1 06 12 021 Accumulated Depreciation-Mining Equipment
1 06 12 022 Accumulated Impairment Losses-Mining Equipment
1 06 12 990 Other Exploration and Evaluation Assets
1 06 12 991 Accumulated Depreciation-Other Exploration and Evaluation Assets
1 06 12 992 Accumulated Impairment Losses-Other Exploration and Evaluation Assets
PAS 1, 41 PPSAS 1, 17 1 06 13 Bearer Trees, Plants and Crops
1 06 13 010 Bearer Trees, Plants and Crops
1 06 13 011 Accumulated Impairment Losses-Bearer Trees, Plants and Crops
PAS 1, 16, 36 PPSAS 1, 17 1 06 98 Other Property, Plant and Equipment
1 06 98 010 Work/Zoo Animals
1 06 98 011 Accumulated Depreciation-Work/Zoo Animals
1 06 98 012 Accumulated Impairment Losses-Work/Zoo Animals
1 06 98 990 Other Property, Plant and Equipment
1 06 98 991 Accumulated Depreciation-Other Property, Plant and Equipment
1 06 98 992 Accumulated Impairment Losses-Other Property, Plant and Equipment
PAS 1, 16, 36, PPSAS 1, 13, 1 06 99 Construction in Progress
17 17 1 06 99 010 Construction in Progress-Land Improvements
1 06 99 020 Construction in Progress-Infrastructure Assets
1 06 99 030 Construction in Progress-Buildings and Other Structures
1 06 99 040 Construction in Progress-Leased Assets
1 06 99 050 Construction in Progress-Leased Assets Improvements
1 06 99 060 Construction in Progress-Furniture and Fixtures
1 07 01 010 Breeding Stocks
1 07 01 011 Accumulated Impairment Losses-Breeding Stocks
1 07 01 012 Accumulated Depreciation - Breeding Stocks
1 07 01 020 Livestock
1 07 01 021 Accumulated Impairment Losses-Livestock
1 07 01 022 Accumulated Depreciation - Livestock
1 07 01 030 Trees, Plants and Crops
1 07 01 031 Accumulated Impairment Losses-Trees, Plants and Crops
1 07 01 032 Accumulated Depreciation-Trees, Plants and Crops
1 07 01 040 Aquaculture
Covering Standards ACCOUNT TITLES and CODES
(PAS/PFRS/PPSAS)
Covering Standards
(PAS/PFRS/PPSAS)
2 05 01 020
2 05 01 030
2 05 01 990
ACCOUNT TITLES and CODES
Deferred Service Concession Revenue
Output Tax
Other Deferred Credits
2 05 02 Unearned Revenue/Income
2 05 02 010 Unearned Revenue/Income-Investment Property
2 05 02 020 Unearned Tax Subsidy
2 05 02 030 Commitment Contribution
2 05 02 040 Reserve for Unearned Premiums
2 05 02 990 Other Unearned Revenue/Income
PAS 1, 26, 19,
37
PPSAS 1, 19
2 06 Provisions
2 06 01 Provisions
2 06 01 010 Pension Benefits Payable
2 06 01 020 Leave Benefits Payable
2 06 01 030 Retirement Gratuity Payable
2 06 01 040 Provision for Product Warranty
2 06 01 050 Provision for Environmental Damages
2 06 01 990 Other Provisions
2 07 Currency Issued
2 07 01 Currency Issued
2 07 01 010 Currency Issued
2 08 Deposit Liabilities
PAS 1 PPAS 1 2 08 01 Deposit Liabilities
2 08 01 010 Foreign Currency Deposits
2 08 01 020 International Financial Institutions
2 08 01 030 Demand Deposit-Reserves
2 08 01 040 Demand Deposit
2 08 01 050 Demand Deposit-Others
2 08 01 060 Savings Deposit
2 08 01 070 Fixed-term Deposit
2 08 01 080 Withdrawal in Progress
2 08 01 090 Negotiable Order of Withdrawal Accounts
2 08 01 100 Time Certificates of Deposit
2 08 01 110 Long-term Negotiable Certificates of Deposit
2 08 01 120 Special Deposit Account
2 09 Deferred Tax Liabilities
2 09 01 Deferred Tax Liabilities
2 09 01 010 Deferred Tax Liabilities
PAS 1 PPSAS 1 2 99 Other Payables
2 99 99 Other Payables
2 99 99 010 Special Time Deposit
2 99 99 020 Treasurer/Cashier/Manager's Check
2 99 99 030 Payment Order Payable
2 99 99 040 Undistributed Collections
2 99 99 050 Unclaimed Balances
2 99 99 060 Loans by Regional Banking Units from Foreign Currency Deposit Unit/Expanded Foreign Currency
Deposit Unit
2 99 99 070 Liability for Letters of Credit
2 99 99 080 Outstanding Acceptances Executed by or for Account of the Bank
2 99 99 090 Dividends Payable
2 99 99 100 Servicing Liabilities
2 99 99 110 Insured Deposit Claims Payable
2 99 99 120 Return Premiums Payable
2 99 99 130 No Claim Bonus Payable
2 99 99 990 Other Payables
PAS 1, 8
PPSAS 1
3 Equity
3 01 Government Equity
3 01 01 Government Equity
EQUITY
3 01 01 010 Accumulated Surplus/(Deficit)
3 01 01 020 Government Equity
3 01 01 030 Contributed Capital
3 02 Revaluation Surplus
3 02 01 Revaluation Surplus
PAS 1, 16, 36 PPSAS 1 3 02 01 010 Revaluation Surplus
Covering Standards ACCOUNT TITLES and CODES
(PAS/PFRS/PPSAS)
3 03 Intermediate Accounts
3 03 01 Intermediate Accounts
3 03 01 020 Revenue/Income and Expense Summary
PAS 1, 31, PPSAS 1, 8 3 04 Equity in Joint Venture
PFRS 11 3 04 01 Equity in Joint Venture
3 04 01 010 Equity in Joint Venture
PAS 1, 28, 31 PPSAS 1 3 06 Equity in Associates/Affiliates
3 06 01 Equity in Associates/Affiliates
3 06 01 010 Equity in Associates/Affiliates
3 07 Retained Earnings/(Deficit)
3 07 01 Retained Earnings/(Deficit)
3 07 01 010 Retained Earnings/(Deficit)
PAS 1, 8, 33 PPSAS 1 3 08 Stockholders' Equity
3 08 01 Stockholders' Equity
3 08 01 010 Share Capital
3 08 01 020 Share Premium
3 08 01 030 Subscribed Share Capital
3 08 01 040 Treasury Shares
3 08 01 050 Stock Dividend Distributable
3 08 01 060 Equity Component of Compound Financial Instruments
3 08 01 070 Minority Interests in Subsidiaries
3 08 01 990 Other Equity Instruments
3 09 Cumulative Translation Adjustment
3 09 01 Cumulative Translation Adjustment
PAS 1, 21 PPSAS 1 3 09 01 010 Cumulative Translation Adjustment
3 10 Cumulative Changes in Fair Value
PAS 1, 36, 32, PPSAS 1, 28, 3 10 01 Cumulative Changes in Fair Value
39, PFRS 7, 9 29, 30 3 10 01 010 Cumulative Changes in Fair Value of Investments
REVENUES AND EXPENSES
PAS 1,18
PAS 1, 18
PPSAS 1, 23
PPSAS 1, 9
4 Revenue
4 01 Tax Revenue
4 01 01 Tax Revenue-Individual and Corporation
4 01 01 030 Travel Tax
4 02 Service and Business Income
4 02 01 Service Income
4 02 01 010 Permit Fees
4 02 01 020 Registration Fees
4 02 01 030 Registration Plates, Tags and Stickers Fees
4 02 01 040 Clearance and Certification Fees
4 02 01 050 Franchising Fees
4 02 01 060 Licensing Fees
4 02 01 070 Supervision and Regulation Enforcement Fees
4 02 01 080 Spectrum Usage Fees
4 02 01 090 Legal Fees
4 02 01 100 Inspection Fees
4 02 01 110 Verification and Authentication Fees
4 02 01 120 Passport, Visa and Application Fees
4 02 01 130 Processing Fees
4 02 01 140 Fines and Penalties-Service Income
4 02 01 150 Mail Services Revenue
4 02 01 151 Discounts on Mailing Services
4 02 01 160 Postal Payment Service Revenue
4 02 01 170 Fees and Commissions Income
4 02 01 180 Consultancy Fees
4 02 01 190 Participation Fees
4 02 01 200 Research Fees
4 02 01 210 Accreditation Fees
4 02 01 220 Cancellation Fees
4 02 01 990 Other Service Income
4 02 02 Business Income
4 02 02 010 School Fees
4 02 02 020 Affiliation Fees
4 02 02 030 Examination Fees
4 02 02 040 Seminar/Training Fees
PAS 1, 18
PPSAS 1, 9
Covering Standards
(PAS/PFRS/PPSAS)
4 02 02 050
4 02 02 060
4 02 02 070
4 02 02 080
4 02 02 090
4 02 02 100
4 02 02 110
4 02 02 120
4 02 02 130
4 02 02 140
4 02 02 150
4 02 02 160
4 02 02 161
4 02 02 170
4 02 02 171
4 02 02 180
4 02 02 190
4 02 02 200
4 02 02 210
4 02 02 220
4 02 02 230
4 02 02 250
4 02 02 251
4 02 02 252
4 02 02 253
4 02 02 260
4 02 02 270
4 02 02 280
4 02 02 290
4 02 02 300
4 02 02 310
4 02 02 320
4 02 02 330
4 02 02 340
4 02 02 350
4 02 02 360
4 02 02 370
4 02 02 990
ACCOUNT TITLES and CODES
PPSAS 23
Rent/Lease Income
Communication Network Fees Transportation System Fees Road Network Fees Waterworks System Fees Power Supply System Fees Seaport System Fees
Landing and Parking Fees
Income from Hostels/Dormitories and Other Like Facilities Slaughterhouse Operation
Income from Printing and Publication Sales Revenue
Sales Discounts
Hospital Fees
Hospital Discounts, Allowances and Free Services
Guarantee Income Fidelity Insurance Income Dividend Income
Interest Income
Share in the Profit//Revenue of Joint Venture Fines and Penalties-Business Income Insurance/Reinsurance Premium Insurance/Reinsurance Premium Discount
Returns and Cancellations of Insurance/Reinsurance Premiums Insurance/Reinsurance Premium Reserves
Income from Acquired/Foreclosed Assets Members' Contribution
Share in the Profit/Revenue of Associates/Affiliates Demurrage Revenue
Income from Gaming Operations Unclaimed Prizes
Royalty Fees Assessment Income Management Fees Visitorial Fees Admission Fees Annual Fees
Other Business Income
4 03 Assistance and Subsidy
4 03 01 Assistance and Subsidy
4 03 01 010 Subsidy from National Government
4 03 01 020 Subsidy from Other National Government Agencies
4 03 01 030 Assistance from Local Government Units
4 03 01 040 Assistance from Government Corporations
4 03 01 050 Subsidy from Other Funds
4 03 01 060 Subsidy from Central Office
4 03 01 070 Subsidy from Regional Office/Staff Bureau
PAS 1,18
PPSAS 1, 23
4 04 Shares, Grants and Donations
4 04 01 Shares
4 04 01 010 Share from National Wealth
4 04 01 020 Share from PAGCOR/PCSO
4 04 01 030 Share from Earnings of Government Corporations
4 04 02 Grants and Donations
4 04 02 010 Income from Grants and Donations in Cash
4 04 02 020 Income from Grants and Donations in Kind
4 05 Gains
PAS 1, 21 PPSAS 1, 9, 4 4 05 01 Gains
4 05 01 010 Gain on Foreign Exchange (FOREX)
4 05 01 020 Gain on Sale/Redemption/Transfer of Investments
4 05 01 030 Gain on Sale of Investment Property
4 05 01 040 Gain on Sale of Property, Plant and Equipment
4 05 01 050 Gain on Initial Recognition of Biological Assets
4 05 01 060 Gain on Sale of Biological Assets
PAS 18 4 05 01 070 Gain from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Physical Change
4 05 01 080 Gain from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Price Change
4 05 01 090 Gain on Sale of Agricultural Produce
4 05 01 100 Gain on Sale of Intangible Assets
Covering Standards ACCOUNT TITLES and CODES
(PAS/PFRS/PPSAS)
5 05 02 Amortization
PAS 1, 38 5 05 02 010 Amortization-Intangible Assets
5 05 02 020 Amortization-Service Concession-Intangible Assets
PAS 36 PPSAS 16, 21 5 05 03 Impairment Loss
5 05 03 010 Impairment Loss-Financial Assets Held to Maturity
5 05 03 020 Impairment Loss-Loans and Receivables
5 05 03 030 Impairment Loss-Lease Receivables
5 05 03 040 Impairment Loss-Investments in Government Corporations
5 05 03 050 Impairment Loss-Investments in Joint Venture
5 05 03 060 Impairment Loss-Other Receivables
5 05 03 070 Impairment Loss-Inventories
5 05 03 080 Impairment Loss-Investment Property
5 05 03 090 Impairment Loss-Property, Plant and Equipment
5 05 03 100 Impairment Loss-Biological Assets
5 05 03 110 Impairment Loss-Intangible Assets
5 05 03 120 Impairment Loss-Investments in Associates/Affiliates
5 05 03 130 Impairment Loss-Domestic Investments
5 05 03 140 Impairment Loss-Investment in Stocks
5 05 03 150 Impairment Loss-Investments in Subsidiaries
5 05 03 160 Impairment Loss-Non-Current Assets Held for Sale
5 05 03 170 Impairment Loss-Service Concession-Intangible Assets
5 05 03 180 Impairment Loss-Other Investments
5 05 03 990 Impairment Loss-Other Assets
5 05 04 Losses
PAS 21 PPSAS 4 5 05 04 010 Loss on Foreign Exchange (FOREX)
5 05 04 020 Loss on Sale/Redemption/Transfer of Investments
PAS 18 PPSAS 9 5 05 04 030 Loss on Sale of Investment Property
PAS 36 PPSAS 21 5 05 04 040 Loss on Sale of Propery, Plant and Equipment
PAS 41 PPSAS 27 5 05 04 050 Loss on Sale of Biological Assets
PAS 41 PPSAS 27 5 05 04 060 Loss on Sale of Agricultural Produce
PAS 38 PPSAS 31 5 05 04 070 Loss on Sale of Intangible Assets
5 05 04 080 Loss on Sale of Assets
5 05 04 090 Loss of Assets
PAS 41 PPSAS 27 5 05 04 110 Loss on Initial Recognition of Biological Assets
PPSAS 28, 29, 5 05 04 120 Loss from Changes in Fair Value of Financial Instruments
PAS 39, IFRS 9 30
PAS 41 PPSAS 27 5 05 04 130 Loss from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Physical Change
PAS 41 PPSAS 27 5 05 04 140 Loss from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Price Change
PAS 39, IFRS 9 30 5 05 04 150 Loss on Sale/Redemption/Transfer of Financial Liabilities
5 05 04 160 Loss on Securitization
PAS 39, IFRS 9 30 5 05 04 170 Loss from Fair Value Adjustment in Hedge Accounting
PAS 40 PPSAS 16 5 05 04 180 Loss from Changes in Fair Value of Investment Property
5 05 04 190 Loss on Guaranty
PFRS 11 PPSAS 8 5 05 04 200 Share in the Loss of Joint Venture
PAS 7 5 05 04 210 Share in the Loss of Associates/Affiliates
5 05 04 220 Other Losses
5 05 05 Discounts and Rebates
5 05 05 010 Other Discounts
5 05 05 020 Rebates
PPSAS 1, 31
C. DESCRIPTION OF ACCOUNTS
1 ASSETS
1 Assets
01 Cash and Cash Equivalents
01 Cash on Hand
Account Title
Account Number Normal Balance Description
Cash-Collecting Officers
###
Debit
This account is used to recognize the amount of collections with the Collecting Officers, Cashiers, and Postmasters fo
Account Title
Account Number Normal Balance Description
Petty Cash
###
Debit
This account is used to recognize the amount granted to duly designated Petty Cash Custodian for payment of authori
Account Title
Account Number Normal Balance Description
Local Currency on Hand
###
Debit
This account is used to recognize the amount of cash denominated in local currency in the bank’s vault in the form of
Account Title
Account Number Normal Balance Description
Foreign Currency on Hand
###
Debit
This account is used to recognize the amount of cash denominated in foreign currency in the bank’s vault in the form
Account Title
Account Number Normal Balance Description
Checks and Other Cash Items
###
Debit
This account is used by banks to recognize the amount of checks and other cash items received after the selected clea
Account Title
Account Number Normal Balance Description
Treasury Fund Capital
###
Debit
This account is used to recognize the peso and dollar treasury capital for gaming and slot machine operations maintai
02 Cash in Bank-Local Currency
Account Title
Account Number Normal Balance Description
Cash in Bank-Local Currency, Bangko Sentral ng Pilipinas
###
Debit
This account is used to recognize deposits of collections by government corporations to the BSP which are denomina
Account Title
Account Number Normal Balance Description
Cash in Bank-Local Currency, Current Account
###
Debit
This account is used to recognize cash in local currency in a current account with AGDB, which is used to recognize
Account Title
Account Number Normal Balance Description
Cash in Bank-Local Currency, Savings Account
###
Debit
This account is used to recognize cash in local currency in a savings account with AGDBs, including high yield savin
Account Title
Account Number Normal Balance Description
Due from Bangko Sentral ng Pilipinas-Local Currency
###
Debit
This account is used to recognize cash in local currency due from BSP denominated in Philippine currency to meet re
Account Title
Account Number Normal Balance Description
Due from Other Banks-Local Currency
###
Debit
This account is used to recognize the balance of deposit accounts maintained with resident and non-resident banks/off
03 Cash in Bank-Foreign Currency
Account Title
Account Number Normal Balance Description
Cash in Bank-Foreign Currency, Bangko Sentral ng Pilipinas
###
Debit
This account is used to recognize deposits with the BSP of collections by government corporations including credit ad
Account Title
Account Number Normal Balance Description
Cash in Bank-Foreign Currency, Current Account
###
Debit
This account is used to recognize cash in foreign currency in a current account with AGDBs. This is used to recogniz
Account Title
Account Number Normal Balance Description
Cash in Bank-Foreign Currency, Savings Account
###
Debit
This account is used to recognize cash in foreign currency in a savings account with AGDBs including high yield sav
Account Title
Account Number Normal Balance Description
Due from Bangko Sentral ng Pilipinas-Foreign Currency
###
Debit
This account is used to recognize the balance of the deposit account maintained with the BSP which are denominated
Account Title
Account Number Normal Balance Description
Due from Other Banks-Foreign Currency
###
Debit
This account is used to recognize the balance of deposit accounts maintained with resident and non-resident banks/off
04 Treasury/Agency Cash Accounts
Account Title
Account Number Normal Balance Description
Cash-Modified Disbursement System
###
Debit
This account is used to recognize receipt of Notice of Cash Allocation (NCA) from the Department of Budget and Ma
05 Cash Equivalents
Account Title
Account Number Normal Balance Description
Treasury Bills
###
Debit
This account is used to recognize the amount of treasury bills issued by the National Government through the Bureau
Account Title
Account Number Normal Balance Description
Time Deposits-Local Currency
###
Debit
This account is used to recognize authorized placements of cash in local currency with AGDBs for a period of 90 day
Account Title
Account Number Normal Balance Description
Time Deposits-Foreign Currency
###
Debit
This account is used to recognize placements of cash in foreign currency with AGDBs for a period of 90 days or less.
Account Title
Account Number Normal Balance Description
Treasury Bonds
###
Debit
This account is used to recognize the amount of treasury bonds purchased with maturity of 90 days or less from the d
Account Title
Account Number Normal Balance Description
Cash in Transit
###
Debit
This account is used to recognize the BSP notes and coins sent to/by BSP regional currency Operation Units/Cash dep
02 Investments
01 Financial Assets at Fair Value Through Surplus/Profit or Deficit/Loss
Account Title
Account Number Normal Balance Description
Financial Assets Held for Trading
###
Debit
This account is used to recognize debt and equity securities that are: (a) acquired principally for the purpose of selling
Account Title
Account Number Normal Balance Description
Financial Assets Designated at Fair Value Through Surplus/Profit
or Deficit/Loss 10201020
Debit
This account is used to recognize financial assets that, upon initial recognition, are designated by the entity as at fair v
Account Title
Account Number Normal Balance Description
Derivative Financial Assets Held for Trading
###
Debit
This account is used to recognize financial instruments or other contracts acquired or incurred principally for the purp
Account Title
Account Number Normal Balance Description
Derivative Financial Assets Designated at Fair Value Through
Surplus/Profit or Deficit/Loss 10201040
Debit
This account is used to recognize contracts that are settled gross by delivery of underlying items. Typical examples of
02 Financial Assets-Held to Maturity
Account Title
Account Number Normal Balance Description
Investments in Treasury Bills-Local
###
Debit
This account is used to recognize money invested in treasury bills with 91 days and above maturity issued in the local
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Investments in Treasury Bills-Local
###
Credit
This account is credited when there is objective evidence that the investments in local treasury bills are impaired. Deb
Account Title
Account Number Normal Balance Description
Investments in Treasury Bills-Foreign
###
Debit
This account is used to recognize the money invested in treasury bills with 91 days and above maturity issued by fore
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Investments in Treasury Bills-Foreign
###
Credit
This account is credited when there is objective evidence that the investments in foreign treasury bills are impaired. D
Account Title
Account Number Normal Balance Description
Investments in Bonds-Local
###
Debit
This account is used to recognize investments in bonds issued by the BTr and other local investees. Credit this accoun
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Investments in Bonds-Local
###
Credit
This account is credited when there is objective evidence that the investments in local bonds are impaired. Debit this
Account Title
Account Number Normal Balance Description
Premium on Investments in Bonds-Local
###
Debit
This account is used to recognize the excess of peso-denominated bond acquisition cost over the bond face value. Cre
Account Title
Account Number Normal Balance Description
Discount on Investments in Bonds-Local
###
Credit
This account is used to recognize the excess of peso-denominated bond face value over the bond acquisition cost. Deb
Account Title
Account Number Normal Balance Description
Investments in Bonds-Foreign
###
Debit
This account is used to recognize the money invested in bonds issued by treasury of foreign governments and other fo
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Investments in Bonds-Foreign
###
Credit
This account is credited when there is objective evidence that the investments in foreign bonds are impaired. Debit th
Account Title
Account Number Normal Balance Description
Premium on Investments in Bonds-Foreign
###
Debit
This account is used to recognize the excess of foreign currency- denominated bond acquisition cost over the bond fa
Account Title
Account Number Normal Balance Description
Discount on Investments in Bonds-Foreign
###
Credit
This account is used to recognize the excess of foreign currency- denominated bond face value over the bond acquisit
05 Investments in Joint Venture
Account Title
Account Number Normal Balance Description
Investments in Joint Venture
###
Debit
This account is used to recognize money and/or other assets invested in entities that are neither a subsidiary nor assoc
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Investments in Joint Venture
###
Credit
This account is credited to reduce the cost/amortized cost/fair value of investments due to impairment. Debit this acco
06 Investments in Associates/Affiliates
Account Title
Account Number Normal Balance Description
Investments in Associates/Affiliates
###
Debit
This account is used to recognize money or other asset invested in entities that are neither a subsidiary nor joint ventu
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Investments in Associates/Affiliates
###
Credit
This account is credited to reduce the cost/amortized cost/fair value of investments due to impairment. Debit this acco
07 Sinking Fund
Account Title
Account Number Normal Balance Description
Sinking Fund
###
Debit
This account is used to recognize the amount set aside on a regular basis to pay off at maturity the long-term debt suc
08 Financial Assets-Available For Sale Securities
Account Title
Account Number Normal Balance Description
Available For Sale Securities
###
Debit
This account is used to recognize the amount of securities, either debt or equity, that are designated as available for sa
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Available For Sale Securities
###
Credit
This account is used to recognize the amount of impairment loss that has been incurred on Available For Sale Securit
09 Financial Assets-Domestic Investments
Account Title
Account Number Normal Balance Description
Domestic Securities
###
Debit
This account is used to recognize the amount of investments of BSP in government bills, bonds and notes, which are
securities, transfers, and write-off or write-down.
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Domestic Securities
###
Credit
This account is used to recognize the amount of impairment loss that has been incurred on domestic securities. Debit
Account Title
Account Number Normal Balance Description
Domestic Securities Purchased Under Repurchase Agreement
###
Debit
This account is used to recognize the amount of Government securities that BSP buys from banks with an undertaking
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Domestic Securities Purchased Under
Repurchase Agreement 10209021
Credit
This account is used to recognize the cumulative amount of impairment loss that has been incurred on investments in
Account Title
Account Number Normal Balance Description
Due from Local Banks
###
Debit
This account is used to recognize the amount of loans granted to rural banks through placement by the BSP of special
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Due from Local Banks
###
Credit
This account is used to recognize the cumulative amount of impairment loss that has been incurred on investments in
10 Investments in Subsidiaries
Account Title
Account Number Normal Balance Description
Investments in Subsidiaries
###
Debit
This account is used to recognize money invested in entities, that are neither associates/affiliates or joint venture, whe
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Investments in Subsidiaries
###
Credit
This account is credited to reduce the cost/amortized cost/fair value of investments in subsidiaries due to impairment.
11 Investments in Time Deposits
Account Title
Account Number Normal Balance Description
Investments in Time Deposits-Local Currency
###
Debit
This account is used to recognize authorized placements of cash in local currency with AGDBs for a period of 91 day
Account Title
Account Number Normal Balance Description
Investments in Time Deposits-Foreign Currency
###
Debit
This account is used to recognize authorized placements of cash in foreign currency with AGDBs for a period of 91 d
99 Other Investments
Account Title
Account Number Normal Balance Description
Investments in Stocks
###
Debit
This account is used to recognize money invested in the stocks of government corporations and public utilities measu
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Investments in Stocks
###
Credit
This account is used to recognize the amount of impairment loss that has been incurred on investments in stocks. Deb
Account Title
Account Number Normal Balance Description
Investments in Non-Marketable Securities
###
Debit
This account is used to recognize the amount of investment in equity instruments that do not have a quoted market pr
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Investments in Non-Marketable
Securities 10299021
Credit
This account is used to recognize the amount of impairment loss that has been incurred on Investments in Non-Marke
Account Title
Account Number Normal Balance Description
Other Investments
###
Debit
This account is used to recognize the amount of other investments which cannot be classified under any of the specifi
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Other Investments
###
Credit
This account is credited to reduce the cost/amortized cost/fair value of other investments due to impairment. Debit thi
03 Receivables
01 Loans and Receivable Accounts
Account Title
Account Number Normal Balance Description
Accounts Receivable
###
Debit
This account is used to recognize the amount due from customers
arising from regular trade and business transactions. Credit this
account upon collection of receivables, transfers or write-off.
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Accounts Receivable
###
Credit
This account is credited upon recognition of impairment which may arise from non-collection. Debit this account upo
Account Title
Account Number Normal Balance Description
Notes Receivable
###
Debit
This account is used to recognize claims expected to be received at a future date, usually with interest, for which a for
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Notes Receivable
###
Credit
This account is credited upon recognition of the amount to reduce the amortized cost of notes receivable due to impai
Account Title
Account Number Normal Balance Description
Loans Receivable-Local Government Units
###
Debit
This account is used to recognize amounts of credit extended to local government units covered by loan agreements. C
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Loans Receivable-Local Government
Units 10301041
Credit
This account is credited upon set-up of provision for losses which may arise from the non-collection of loans receivab
Account Title
Account Number Normal Balance Description
Interests Receivable
###
Debit
This account is used to recognize amounts of accrued interests on advances, investments, and loans and receivables. C
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Interests Receivable
###
Credit
This account is credited upon set-up of provision for losses which may arise from the non-collection of interests recei
Account Title
Account Number Normal Balance Description
Dividends Receivable
###
Debit
This account is used to recognize the amount of cash dividends earned but not yet received on shares of stocks owned
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Dividends Receivable
###
Credit
This account is credited to reduce the amortized cost of dividends receivable due to impairment, which may arise from
Account Title
Account Number Normal Balance Description
Loans Receivable-Other Government Corporations
###
Debit
This account is used to recognize credits/loans in foreign or local currency extended by a government corporation to o
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Loans Receivable-Other Government
Corporations 10301071
Credit
This account is credited upon set-up of provision for losses which may arise from the non-collection of loans receivab
Account Title
Account Number Normal Balance Description
Subrogated Claims Receivable
###
Debit
This account is used to recognize the amounts of insured deposits paid by a corporation to depositors of closed banks
###
by the corporation to creditor banks or assumption of the
guaranteed portion of loans, interests, as well as other charges related thereto under the guarantee program. Credit thi
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Subrogated Claims Receivable
###
Credit
This account is credited to reduce the amortized cost of subrogated claims receivable due to impairment, which may a
Account Title
Account Number Normal Balance Description
Contributions and Premiums Receivable
###
Debit
This account is used to recognize amounts due, accruing and collectible during the current year in the form of contrib
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Contributions and Premiums Receivable
###
Credit
This account is credited to reduce the amortized cost of contributions and premiums receivable due to impairment. De
Account Title
Account Number Normal Balance Description
Mortgage Contracts Receivable
###
Debit
This account is used to recognize the price of assets acquired which are sold under a plan of settlement whereby the ti
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Mortgage Contracts Receivable
###
Credit
This account is credited to reduce the amortized cost of mortgage contracts receivable due to impairment which may
Account Title
Account Number Normal Balance Description
Loans to BSP
###
Debit
This account is used to recognize foreign currency denominated loans and discounts granted by a Foreign Currency D
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Loans to BSP
###
Credit
This account is credited to reduce the amortized cost of loans to BSP due to impairment. Debit this account upon rece
Account Title
Account Number Normal Balance Description
Inter-bank Loans Receivable
###
Debit
This account is used to recognize interbank call and term loans receivable granted to other resident banks and non-ban
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Inter-bank Loans Receivable
###
Credit
This account is credited to reduce the amortized cost of inter-bank loans receivable due to impairment. Debit this acco
Account Title
Account Number Normal Balance Description
Deficiency Claims Receivable
###
Debit
This account is used to recognize the amount of probable claims filed with the courts against borrowers/debtors arisin
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Deficiency Claims Receivable
###
Credit
This account is credited upon set-up of provision for losses which may arise from non-collections of deficiency claim
Account Title
Account Number Normal Balance Description
Due from Reinsurer
###
Debit
This account is used to recognize the amounts due from reinsurers/ceding companies in the form of losses recoverabl
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Due from Reinsurer
###
Credit
This account is credited to set up provision due to impairment of dues from reinsurer. Debit this account upon receipt
Account Title
Account Number Normal Balance Description
Accrued Service Fee Receivable
###
Debit
This account is used to recognize the service fees accrued based on premium produced on private insurance companie
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Accrued Service Fee Receivable
###
Credit
This account is credited to reduce the amortized cost of accrued service fee receivable due to impairment. Debit this a
Account Title
Account Number Normal Balance Description
Sales Contract Receivable
###
Debit
This account is used to recognize the amount due from installment sale of acquired assets in settlement of loan throug
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Sales Contract Receivable
###
Credit
This account is used to recognize the cumulative amount of impairment loss that has been incurred on S
Receivable. Debit this account upon receipt of sales contract
receivables, transfers, reversal of impairment, or write-off.
Account Title
Account Number Normal Balance Description
Sales Contract Receivable-Discount
###
Credit
This account is used to recognize the unamortized discount on Sales Contract Receivable representing financial serv
Account Title
Account Number Normal Balance Description
Reinsurance Receivable
###
Debit
This account is used to recognize the amount receivable from reinsurers under agreements as their share on paid losse
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Reinsurance Receivable
###
Credit
This account is used to recognize the cumulative amount of impairment loss that has been incurred on Reinsurance R
Account Title
Account Number Normal Balance Description
Due from Head Office/Branches/Agencies Abroad
###
Debit
This account is used to recognize clearing account for items/transactions between the Philippine branches of foreign b
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Due from Head
Office/Branches/Agencies Abroad 10301181
Credit
This account is credited upon set-up of provision for losses which may arise from the non-collection of Due from Hea
Account Title
Account Number Normal Balance Description
Receivership and Liquidation Receivable
###
Debit
This account is used to recognize the amount of advances made to closed banks for their operating expenses while un
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Receivership and Liquidation
Receivable 10301191
Credit
This account is credited to reduce the cost/amortized cost/fair value of Receivership and Liquidation Receivable due t
Account Title
Account Number Normal Balance Description
Loans Receivable-Others
###
Debit
This account is used to recognize amounts due from debtors and other entities not falling under any of the specific rec
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Loans Receivable-Others
###
Credit
This account is credited upon set-up of provision for losses which may arise from the non-collection of other loans re
02 Lease Receivable
Account Title
Account Number Normal Balance Description
Operating Lease Receivable
###
Debit
This account is used to recognize the accrual of rental income from lease of assets. Credit this account upon collection
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Operating Lease Receivable
###
Credit
This account is credited upon set-up of provision for losses which may arise from the non-collection of the operating
Account Title
Account Number Normal Balance Description
Finance Lease Receivable
###
Debit
This account is used to recognize the amount due from sale of government property on installment basis. Credit this a
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Finance Lease Receivable
###
Credit
This account is credited upon set-up of provision for losses which may arise from the non-collection of finance lease
03 Inter-Agency Receivables
Account Title
Account Number Normal Balance Description
Due from National Government Agencies
###
Debit
This account is used to recognize advances for purchase of goods/services as authorized by law, fund transfers to the
Account Title
Account Number Normal Balance Description
Due from Local Government Units
###
Debit
This account is used to recognize amount of advances for purchase of goods/services as authorized by law, fund trans
Account Title
Account Number Normal Balance Description
Due from Government Corporations
###
Debit
This account is used to recognize receivables from other government corporations pertaining to fund transfers and adv
Account Title
Account Number Normal Balance Description
Due from Subsidiaries/Joint Ventures/Associates/Affiliates
###
Debit
This account is used to recognize receivables from subsidiaries/joint ventures/associates/affiliates pertaining to obliga
Account Title
Account Number Normal Balance Description
Due from Parent Corporations
###
Debit
This account is used to recognize the amounts receivable by subsidiaries and associates/affiliates of government corpo
04 Intra-Agency Receivables
Account Title
Account Number Normal Balance Description
Due from Operating Units
###
Debit
This account is used to recognize receivables of central/home/head office from its operating units/field units below re
Account Title
Account Number Normal Balance Description
Due from Other Funds
###
Debit
This account is used to recognize transfers from one fund to another fund maintained within the corporation as legally
Account Title
Account Number Normal Balance Description
Due from Central Office/Home/Head Office
###
Debit
This account is used to recognize the amount of receivables of regional/branch/field offices from their central/home/h
Account Title
Account Number Normal Balance Description
Due from Regional/Branch Offices
###
Debit
This account is used to recognize the amount of receivables of central/home/head office from its regional/branch offic
05 Other Receivables
Account Title
Account Number Normal Balance Description
Receivables-Disallowances/Charges
###
Debit
This account is used to recognize the amount of disallowances/charges in audit due from public/private individuals/en
Account Title
Account Number Normal Balance Description
Due from Officers and Employees
###
Debit
This account is used to recognize amount of claims from entity's officers and employees for overpayment (not covere
Account Title
Account Number Normal Balance Description
Due from Non-Government Organizations/People's Organizations
###
Debit
This account is used to recognize amount of advances granted to Non-Government Organizations (NGOs)/People’s O
Account Title
Account Number Normal Balance Description
Insurance Claims Receivable
###
Debit
This account is used to recognize the amount due from insurance company for damages and other related claims. Cred
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Insurance Claims Receivable
###
Credit
This account is credited to reduce insurance claims receivable to its
recoverable amount due to impairment. Debit this account upon
receipt of the receivables, transfers, reversal of impairment loss, and write-off.
Account Title
Account Number Normal Balance Description
Deficiency Judgment Receivable
###
Debit
This account is used to recognize the claims against borrower/debtor arising from deficiency judgments rendered by c
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Deficiency Judgment Receivable
###
Credit
This account is credited to reduce deficiency judgment receivable to its recoverable amount due to impairment. Debit
Account Title
Account Number Normal Balance Description
Subscriptions Receivable
###
Credit
This account is used to recognize the unpaid portion of the subscribed stocks of the entity.
Account Title
Account Number Normal Balance Description
Other Receivables
###
Debit
This account is used to recognize amount due from debtors and other entities not falling under any of the specific rece
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Other Receivables
###
Credit
This account is credited to reduce the cost/amortized cost/fair value of other receivables due to impairment. Debit this
04 Inventories
01 Inventory Held for Sale
Account Title Merchandise Inventory
Account Number 10401010
Normal Balance Debit
Description This account is used to recognize the cost of goods
purchased/acquired/produced which are intended for sale in the
ordinary course of business as well as share in the reclaimed land with proponents, land and other items that are inten
Subsidiary Ledgers:
01 – Supplies and Materials 02 – Drugs and Medicines 03 – Agricultural Produce 04 – Ammunitions
05 – Property and Equipment 06 – Land/Reclaimed Land 07 – Forest Products
08 – Rice Procured
09 – Food Supplies for canteen operations and the like 10 – Completed Development for Sale/Transfer
99 – Others
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Merchandise Inventory
###
Credit
This account is credited for any initial or subsequent write-down of obsolete/outdated, spoiled, spilled, shrunk and/or
02 Inventory Held for Distribution
Account Title
Account Number Normal Balance Description
Food Supplies for Distribution
###
Debit
This account is used to recognize the cost of food for distribution to hospital/rehabilitation patients, jail inmates and th
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Food Supplies for Distribution
###
Credit
This account is credited for any initial or subsequent write-down of food supplies for distribution due to fortuitous ev
Account Title
Account Number Normal Balance Description
Welfare Goods for Distribution
###
Debit
This account is used to recognize the cost of goods for distribution to people affected by calamities/disasters/ground c
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Welfare Goods for Distribution
###
Credit
This account is credited for any initial or subsequent write-down of welfare goods for distribution due to fortuitous ev
Account Title
Account Number Normal Balance Description
Drugs and Medicines for Distribution
###
Debit
This account is used to recognize the cost of drugs and medicines purchased/received for distribution. Credit this acco
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Drugs and Medicines for Distribution
###
Credit
This account is credited for any initial or subsequent write-down of drugs and medicines due to fortuitous event. Deb
Account Title
Account Number Normal Balance Description
Medical, Dental and Laboratory Supplies for Distribution
###
Debit
This account is used to recognize the cost of medical, dental and laboratory supplies purchased/received for distributi
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Medical, Dental and Laboratory
Supplies for Distribution 10402041
Credit
This account is credited for any initial or subsequent write-down of medical, dental and laboratory supplies for distrib
Account Title
Account Number Normal Balance Description
Agricultural and Marine Supplies for Distribution
###
Debit
This account is used to recognize the cost of fertilizers, pesticides and other marine and agricultural supplies for distri
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Agricultural and Marine Supplies for
Distribution 10402051
Credit
This account is credited for any initial or subsequent write-down of agricultural and marine supplies for distribution d
Account Title
Account Number Normal Balance Description
Agricultural Produce for Distribution
###
Debit
This account is used to recognize the cost of agricultural produce for distribution. This includes livestock and poultry
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Agricultural Produce for Distribution
###
Credit
This account is credited for any initial or subsequent write-down of agricultural produce for distribution due to fortuit
Account Title
Account Number Normal Balance Description
Textbooks and Instructional Materials for Distribution
###
Debit
This account is used to recognize the cost of textbooks and instructional materials including flipcharts, video clips/slid
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Textbooks and Instructional Materials
for Distribution 10402071
Credit
This account is credited for any initial or subsequent write-down of textbooks and instructional materials for distribut
Account Title
Account Number Normal Balance Description
Construction Materials for Distribution
###
Debit
This account is used to recognize the cost of construction materials for distribution. Credit this account for issuance to
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Construction Materials for Distribution
###
Credit
This account is credited for any initial or subsequent write-down of construction materials for distribution due to fortu
Account Title
Account Number Normal Balance Description
Property and Equipment for Distribution
###
Debit
This account is used to recognize the cost of property and equipment purchased/received for distribution. Credit this a
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Property and Equipment for
Distribution 10402091
Credit
This account is credited for any initial or subsequent write-down of property and equipment for distribution due to for
Account Title
Account Number Normal Balance Description
Other Supplies and Materials for Distribution
###
Debit
This account is used to recognize the cost of purchased/acquired inventories not falling under any of the specific inve
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Other Supplies and Materials for
Distribution 10402991
Credit
This account is credited for any initial or subsequent write-down of other supplies and materials for distribution due t
03 Inventory Held for Manufacturing
Account Title
Account Number Normal Balance Description
Raw Materials Inventory
###
Debit
This account is used to recognize the cost of unprocessed materials that serve as component of produced goods. Cred
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Raw Materials Inventory
###
Credit
This account is credited for any initial or subsequent write-down of obsolete/outdated, spoiled, spilled, shrunk and/or
Account Title
Account Number Normal Balance Description
Work-in-Process Inventory
###
Debit
This account is used to recognize cost of goods still in the process of being manufactured or fabricated to produce an
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Work-in-Process Inventory
###
Credit
This account is credited for any initial or subsequent write-down of obsolete/outdated, spoiled, spilled, shrunk and/or
in-process inventory to fair value less costs to sell. Debit this
account upon disposal, derecognition of the inventory or reversal of impairment loss.
Account Title
Account Number Normal Balance Description
Finished Goods Inventory
###
Debit
This account is used to recognize cost of completed/manufactured product available for sale or use. Credit this accoun
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Finished Goods Inventory
###
Credit
This account is credited for any initial or subsequent write-down of obsolete/outdated, spoiled, spilled, shrunk and/or
04 Inventory Held for Consumption
Account Title
Account Number Normal Balance Description
Office Supplies Inventory
###
Debit
This account is used to recognize the cost or value of purchased/acquired office supplies such as bond papers, inks, an
Account Title
Account Number Normal Balance Description
Allowance for Impairment-Office Supplies Inventory
###
Credit
This account is credited for any subsequent write-down of office supplies inventory due to fortuitous event. Debit this
Account Title
Account Number Normal Balance Description
Accountable Forms, Plates and Stickers Inventory
###
Debit
This account is used to recognize cost of accountable forms, with or without money value, acquired for government o
counts and facilitate preparation of the consolidated financial reports as follows:
ed of two (2) segments. The first two digits from left is the GL code and the last digit is reserved to indicate whether it is a cont
oss
or Deficit/Loss
reement
es
ks
e Concession-Parks, Plazas and Monuments
azas and Monuments Service Concession-Railway Systems
Sale/Distribution
le/Distribution
ution
ded Foreign Currency
remium Discount
o Physical Change
o Price Change
o Physical Change
o Price Change
ers, and Postmasters for remittance to the Treasurer of the Philippines (TOP)/ deposit to Authorized Government Depository Ban
for payment of authorized petty or miscellaneous expenses which cannot be conveniently paid through checks. Credit this accou
k’s vault in the form of notes and coins under the custody of the cashier/cash custodian or treasurer, including notes in the posses
ank’s vault in the form of notes and coins under the custody of the cashier/cash custodian or treasurer, including notes in the poss
after the selected clearing cut-off time until the close of the regular banking hours. This account may consists of the checks draw
P which are denominated in local currency. Credit this account for debit advices/memos received from BSP.
luding high yield savings account, which is used to recognize deposits/withdrawals including credit/debit advices/memoranda rec
ne currency to meet reserve requirements and to serve as clearing account for interbank claims.
ions including credit advices/memos received from the BSP, which are denominated in foreign currency. Credit this account for
his is used to recognize deposits/ withdrawals including credit/debit advices/memoranda received from AGDBs.
ncluding high yield savings account. This is used to recognize deposits/ withdrawals including credit/debit advices/memoranda re
ment of Budget and Management (DBM) for the implementation of locally funded and foreign-assisted projects. Credit this acco
ent through the Bureau of the Treasury (BTr) purchased with maturity of 90 days or less from the date of acquisition. Credit this
for a period of 90 days or less. Credit this account for withdrawal of placements.
days or less from the date of acquisition. Credit this account upon derecognition of the treasury bond.
peration Units/Cash department still in transit.
r the purpose of selling or repurchasing them in the near term; or (b) part of a portfolio of identified securities that are managed t
by the entity as at fair value through surplus/profit or deficit/loss. This shall comprise of both debt and equity securities and shall
principally for the purpose of selling or repurchasing it in the near future. Credit this account when the rights to the cash flows ha
s. Typical examples of which are futures and forward, swap and option contract. This account also refers to non-financial variab
urity issued in the local stock market. Credit this account upon derecognition of the investments in local treasury bills, transfers, w
bills are impaired. Debit this account upon derecognition of the investments in local treasury bills, transfers, reversal of impairm
maturity issued by foreign countries. Credit this account upon derecognition of the investments in foreign treasury bills, transfers
ry bills are impaired. Debit this account upon derecognition of the investments in foreign treasury bills, transfers, reversal of imp
tees. Credit this account upon derecognition of the investments in local bonds, transfers, and write-off or write-down.
e impaired. Debit this account upon derecognition of the investments in local bonds, transfers, reversal of impairment loss, and w
e bond face value. Credit this account for the recognition of periodic premium amortization.
nd acquisition cost. Debit this account for the recognition of periodic discount amortization.
vernments and other foreign investees. Credit this account upon derecognition of the investments in foreign bonds, transfers, and
are impaired. Debit this account upon derecognition of the investments in foreign bonds, and reversal of impairment loss, and w
n cost over the bond face value. Credit this account for the recognition of periodic premium amortization.
over the bond acquisition cost. Debit this account for the recognition of periodic discount amortization.
a subsidiary nor associate/affiliate and share in the profit of joint venture where the government corporation has joint control. Cr
irment. Debit this account upon receipt of the return on the investment, sale, transfers, reversal of impairment loss, and write-off
bsidiary nor joint venture, where the government corporation has significant influence. It is also debited to recognize the share of
irment. Debit this account upon receipt of the return on the investment, sale, transfers, reversal of impairment loss, and write-off
the long-term debt such as bonds, with maturities of three years or more. Credit this account for payment of bond interest expens
ated as available for sale which shall be measured upon initial recognition at their fair value plus transaction costs that are directl
ilable For Sale Securities. Debit this account upon derecognition of the available for sale securities, and reversal of impairment l
s and notes, which are either direct or guaranteed obligations of the National Government. Credit this account upon derecognit
estic securities. Debit this account upon derecognition of the domestic investments of BSP, and reversal of impairment loss, and
nks with an undertaking/commitment to sell the same government securities the next day or at a future date at a specified rate. Th
rred on investments in domestic securities purchased under repurchase agreement. Debit this account upon derecognition of the
rred on investments in local bonds. Debit this account upon derecognition of the receivable by the BSP from local banks, and rev
es or joint venture, where the government corporation has complete control or ownership. Credit this account upon receipt of the
ies due to impairment. Debit this account upon receipt of the return on the investment, sale, transfers, reversal of impairment los
for a period of 91 days or more. Credit this account for withdrawal of placements.
Bs for a period of 91 days or more. Credit this account for withdrawal of placements.
d public utilities measured at cost other than those invested to joint venture, associates/affiliates and government corporate subsid
stments in stocks. Debit this account upon derecognition of the investments in stocks, and reversal of impairment loss.
ave a quoted market price in an active market, and whose fair value cannot be reliably measured. Credit this account upon sale, t
stments in Non-Marketable Securities. Debit this account upon derecognition of the investments in Non-Marketable Securities, a
nder any of the specific investment accounts. Credit this account upon derecognition, transfer and write-off.
o impairment. Debit this account upon receipt of the return on the investment, sale, transfers, reversal of impairment loss, and wri
Debit this account upon collection of receivables, transfers, reversal of impairment or write-off.
nterest, for which a formal instrument of credit is used as evidence of debt, such as promissory notes, time drafts or trade accepta
eceivable due to impairment, which may arise from non-collection. Debit this account upon encashment of notes, transfers, rever
d by loan agreements. Credit this account upon receipt of loan repayments, transfers or write-off.
ection of loans receivable from local government units. Debit this account upon receipt of loan repayments, transfers, reversal of
oans and receivables. Credit this account upon receipt of interests, transfers, or write-off.
ection of interests receivable. Debit this account upon receipt of interests, transfers, reversal of impairment, or write-off.
shares of stocks owned by the government corporations that are held as Held for Trading, Designated at Fair Value through Surp
t, which may arise from non-collection of the receivables. Debit this account upon receipt of dividends receivable, transfers, reve
rnment corporation to other government corporations covered by loan agreements. Credit this account for receipt of loan repaym
ection of loans receivable from other government corporations. Debit this account upon receipt of loan repayments, transfers, rev
pairment, which may arise from non- collection of the receivables. Debit this account upon receipt of subrogated loans receivabl
in the form of contributions and premiums on optional, medicare, employee compensation and non- life insurance funds includi
due to impairment. Debit this account upon receipt of contributions and premiums receivable, transfers, reversal of impairment,
tlement whereby the title to said asset is transferred to the buyer who executes a real estate mortgage contract in favor of the enti
mpairment which may arise from non- collection of receivables. Debit this account upon receipt of mortgage contracts receivable
y a Foreign Currency Deposit Unit/Expanded Foreign Currency Deposit Unit to BSP. Credit this account upon collection of recei
dent banks and non-bank financial intermediaries with quasi-banking authority. Credit this account upon collection of receivables
airment. Debit this account upon receipt of inter-bank loans receivables, transfers, reversal of impairment, or write-off.
orrowers/debtors arising from the foreclosure of mortgaged property. This refers also to the excess of outstanding loans over the
ons of deficiency claims receivable. Debit this account upon receipt of deficiency claims receivables, transfers, reversal of impair
m of losses recoverable, profit commissions and premiums on reinsurance and funds held in trust. Credit this account upon collec
s account upon receipt of payment for dues from reinsurer, transfers, reversal of impairment loss, and write-off.
ate insurance companies, extra- remuneration from GSIS on policies paid within the 30-day period and the amount of contingent
mpairment. Debit this account upon receipt of service fee receivable, transfers, reversal of impairment, or write-off.
ttlement of loan through foreclosure or dation in payment. Title of the property is transferred to the buyer only upon full paymen
heir share on paid losses and loss adjustments expenses including commissions due on reinsurance business. Credit this account u
rred on Reinsurance Receivable. Debit this account upon receipt of reinsurance receivables, transfers, reversal of impairment, or
e branches of foreign banks and its head office/branches/agencies abroad. Credit this account for payment/liquidation of receivab
ection of Due from Head Office/Branches/Agencies Abroad. Debit this account upon receipt of other loans receivables, transfers,
ing expenses while under receivership and/or liquidation. It also includes receivables from various closed banks arising from the
dation Receivable due to impairment. Debit this account upon receipt of other receivables, transfers, reversal of impairment loss,
any of the specific receivable account. Credit this account upon collection of receivables, transfers, or write-off.
ection of other loans receivables. Debit this account upon receipt of other loans receivables, transfers, reversal of impairment, or
ection of the operating lease receivables. Debit this account upon receipt of the receivables, transfers, reversal of impairment, or w
ment basis. Credit this account upon collection of installment due, transfers, or write-off.
ection of finance lease receivable. Debit this account upon receipt of finance lease receivable, transfers, reversal of impairment, o
w, fund transfers to the National Government Agencies (NGAs) for implementation of projects and other receivables from NGAs
ized by law, fund transfers to the Local Government Units (LGUs) for implementation of projects, share from LGUs income and
o fund transfers and advances for implementation of projects; other inter-agency transactions subject to liquidation; and other stat
tes pertaining to obligations paid in advance for subsidiaries; share in income of joint ventures, expenses paid in advance for join
es of government corporations from parent corporations. Credit this account for receipt of goods/services, liquidation of fund tran
its/field units below regional/branch level. It also includes fund transfers to an operating/field unit from another operating/field u
e corporation as legally authorized. Credit this account for payment/liquidation of fund transfer.
m their central/home/head office. Credit this account for payment/liquidation of receivable.
ts regional/branch office. It also includes receivables to a regional/branch office from another regional/branch office of the same
c/private individuals/entities which have become final and executory. Credit this account for settlement of disallowances/charges
erpayment (not covered by ND), cash shortage, loss of assets and other bills issued by the entity and losses in excess of allowabl
ns (NGOs)/People’s Organizations (POs) for implementation of specific projects. Credit this account for liquidation of advances
e to impairment. Debit this account upon receipt of the receivables, transfers, reversal of impairment loss, and write-off.
any of the specific receivable account. Credit this account for payment/liquidation of receivables.
impairment. Debit this account upon receipt of other receivables, transfers, reversal of impairment loss, and write-off.
her items that are intended for sale. This includes forest products, food supplies for canteen operations and the like, and other me
spilled, shrunk and/or evaporated merchandise inventory to net realizable value. This also includes allowable variance between b
ents, jail inmates and the like. Credit this account for issuance to end-users or transfers.
on due to fortuitous event. Debit this account upon disposal, derecognition of the food supplies for distribution or reversal of imp
ities/disasters/ground conflicts such as canned goods, noodles, mosquito nets, blankets, mats, kitchen utensils, flashlights and oth
ion due to fortuitous event. Debit this account upon disposal, derecognition of the welfare goods for distribution or reversal of im
bution. Credit this account for issuance to end-users or transfers.
o fortuitous event. Debit this account upon disposal, derecognition of the drugs and medicines for distribution or reversal of impa
/received for distribution. Credit this account for issuance to end-users or transfers.
ory supplies for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the medical, dental and la
tural supplies for distribution. This includes supplies for aquaculture researches, environment protection/preservations and the lik
pplies for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the agricultural and marine supp
s livestock and poultry; crops and fruits; and other agricultural products, supplies for aquaculture researches, environment protec
tribution due to fortuitous event. Debit this account upon disposal, derecognition of the agricultural produce for distribution or re
pcharts, video clips/slides, and the like, purchased/received for distribution. Credit this account for issuance to end-users or trans
materials for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the textbooks and instructio
distribution due to fortuitous event. Debit this account upon disposal, derecognition of the construction materials for distribution
ny of the specific inventory accounts held for distribution. Credit this account for issuance to end-users or transfers.
s for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the other supplies and materials for d
produced goods. Credit this account for the issuance of raw materials for production, transfers or write- down of the raw materia
spilled, shrunk and/or evaporated raw materials inventory to net realizable value. Debit this account upon disposal, derecognitio
bricated to produce an end product. Credit this account upon completion of the product/inventory, transfers or write-down.
spilled, shrunk and/or evaporated finished goods inventory to fair value less costs to sell. Debit this account upon disposal, derec
as bond papers, inks, and small tangible items like staple wire removers, punchers, staplers and other similar items for governmen
uitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss.
uired for government operations. Credit this account for issuance to end-users, transfers, loss or other disposal.
dicate whether it is a contra account like, Allowance for Impairment, Accumulated Depreciation, etc.
overnment Depository Banks (AGDBs). Credit this account for remittance to the TOP/deposit to AGDBs and/or incurrence of ca
checks. Credit this account every time there is a change of Petty Cash Custodian for refund and liquidation of cash advance.
luding notes in the possession of tellers and those kept in automated teller machines (ATM) and the like.
ncluding notes in the possession of tellers and those kept in automated teller machines (ATM) and the like.
onsists of the checks drawn on other banks; Manager’s/Cashier’s/Treasurer’s Checks and Demand Drafts issued by reporting ba
bit advices/memoranda received from AGDBs. This includes combo account (CA/SA account with automatic fund transfer featu
y. Credit this account for debit advices/memos received from the BSP.
of acquisition. Credit this account when the rights to the cash flows have expired or transferred to another party through resale or
curities that are managed together and for which there is evidence of a recent actual pattern of short-term profit-taking. Credit thi
equity securities and shall be accounted for in the same manner as held for trading securities. Credit this account when the rights
ers to non-financial variables that are not specific to a party to the contract. These include an index of earthquake losses in a parti
or write-down.
ration has joint control. Credit this account upon receipt of the return of the investment, sale, transfers, write-off and share in the
to recognize the share of the investor in the profit of the associates/affiliates. Credit this account upon receipt of the return of the
airment loss, and write-off.
action costs that are directly attributable to the acquisition of securities. This includes investments in equity managed by Local Fu
upon derecognition of the domestic securities purchased under repurchase agreement by the BSP, and reversal of impairment loss
count upon receipt of the return of the investment, sale, transfers and write-off.
mpairment loss.
ime drafts or trade acceptances or other negotiable financial instruments acquired from debtors. Credit this account upon encashm
ent, or write-off.
t Fair Value through Surplus/Profit or Deficit/Loss, Available for Sale and other investments. Credit this account upon receipt of
fe insurance funds including crop insurance premiums from assured farmers. Credit this account upon collection of receivables, t
ontract in favor of the entity. The HDMF finances the mortgage of the borrower. Credit this account upon collection of receivabl
tgage contracts receivable, transfers, reversal of impairment, or write-off.
nt, or write-off.
utstanding loans over the appraised value of foreclosed property. Credit this account upon collection of receivables, transfers, or
the amount of contingent profit commission due from the accredited insurance companies based on the terms/provisions under t
or write-off.
er only upon full payment of the agreed selling price. Credit this account upon collection of receivables, transfers or write-off.
all be debited monthly based on the effective interest method with the corresponding credit to “Interest Income-Sales Contract R
ent/liquidation of receivable.
e from LGUs income and other receivables. Credit this account for receipt of goods/services, liquidation of fund transfers and re
liquidation; and other statutory contributions due from government corporations. Credit this account upon receipt of goods/servi
es paid in advance for joint ventures/associates/affiliates, etc. Credit this account for receipt of share in income from, liquidation
es, liquidation of fund transfers and receipt of share/payment from parent corporation.
m another operating/field unit of the same government corporation. Credit this account for payment/liquidation of receivable.
branch office of the same government corporation. Credit this account for payment/liquidation of receivable.
of disallowances/charges.
sses in excess of allowable variance between books and volumetric count of merchandise inventory. Credit this account for colle
or liquidation of advances.
ss, and write-off.
, and write-off.
and the like, and other merchandise. Credit this account for the sale, transfers or write-down of merchandise inventory.
owable variance between book and volumetric count of merchandise inventory. Debit this account upon disposal, derecognition o
tensils, flashlights and other similar items. Credit this account for issuance to end-users or transfers.
the medical, dental and laboratory supplies for distribution or reversal of impairment loss.
n/preservations and the like. Credit this account for issuance to end-users or transfers of the inventory.
s or transfers.
fers or write-down.
count upon disposal, derecognition of the inventory or reversal of impairment loss.
milar items for government operations. Credit this account for issuance to end-users, transfers, loss or other disposal.
al of impairment loss.
AGDBs and/or incurrence of cash shortage by the collecting officer.
dit this account when the rights to the cash flows have expired or transferred to another party through resale or other disposition.
x of earthquake losses in a particular region, an index of temperatures in a particular city, and the like. Credit this account when t
sfers, write-off and share in the loss of joint venture.
upon receipt of the return of the investment, for the share in the loss of the associates/affiliates, and sale, transfers and write-off.
in equity managed by Local Fund Managers. Credit this account upon derecognition of the investments in available for sale secu
he level of money supply.
unt upon receipt of goods/services, liquidation of fund transfers/receivables, and receipt of payment for statutory contributions d
are in income from, liquidation of advances to, or transfers of shares from subsidiaries/joint ventures/associates/affiliates.
nt/liquidation of receivable.
receivable.
ry. Credit this account for collection of receivables, write-off and approved relief from property accountability.
erchandise inventory.
like. Credit this account when the rights to the cash flows have expired or transferred to another party.
nd sale, transfers and write-off.
tments in available for sale securities, transfers, and write-off or write-down.
ent for statutory contributions due from government corporations and other receivables.
res/associates/affiliates.
ccountability.