Chapter XIII

Chart of Accounts



Barangay financial transactions shall be recorded under the double-entry method of bookkeeping within the framework of the chart and code of accounts shown below:



ACCOUNT TITLE ACCOUNT CODE

ASSETS
Cash

Cash on Hand
Cash - In Local Treasury
Petty Cash

Cash in Bank
Cash in Bank - Local Currency, Current Account

Investments
Investment in Time Deposits

Receivables
Receivable Accounts
Accounts Receivable
Allowance for Impairment - Accounts Receivable

Inter-agency Receivables
Due from Local Government Units

Advances
Advances for Payroll
Advances to Officers and Employees

Other Receivables
Receivables - Disallowances/Charges
Due from Officers and Employees
Other Receivables
Allowance for Impairment - Other Receivables

Inventories
Inventory Held for Sale
Merchandise Inventory

Inventory Held for Distribution
Welfare Goods for Distribution
Drugs and Medicines for Distribution
Other Supplies and Materials for Distribution

Inventory Held for Consumption
Office Supplies Inventory
Accountable Forms, Plates and Stickers Inventory
Construction Materials Inventory
Other Supplies and Materials Inventory

Prepayments
Advances to Contractors
Other Prepayments

Investment Property
Investment Property - Land
Accumulated Impairment Losses -
Investment Property - Land
Investment Property - Buildings
Accumulated Depreciation -
Investment Property - Buildings
Accumulated Impairment Losses -
Investment Property - Buildings



1-01-01-010
1-01-01-020


1-01-02-010


1-02-01-010



1-03-01-010
1-03-01-011


1-03-02-010


1-03-03-010
1-03-03-020


1-03-04-010
1-03-04-020
1-03-04-990
1-03-04-991



1-04-01-010


1-04-02-010
1-04-02-020
1-04-02-990


1-04-03-010
1-04-03-020
1-04-03-030
1-04-03-990


1-05-01-010
1-05-01-990


1-06-01-010

1-06-01-012

1-06-01-020

1-06-01-021
1-06-01-022


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