14.132. Accounts Payable (2-01-01-010). This account is used to record receipt of goods or services on account in the normal course of trade and business operation. Debit this account for payment or settlement of liabilities.
14.136. Operating Lease Payable (2-01-02-010). This account is used to record incurrence of a liability arising from operating lease contract. Debit this account for the payment of lease.
14.137. Loans Payable - Domestic (2-01-03-010). This account is used to record receipt of loan proceeds (cash or non-cash) from local creditors, including those assumed by the NG from GFIs. Debit this account for payments of loan amortization.
14.138. Due to BIR (2-02-01-010). This account is used to record withholding of taxes from officers/employees and other entities. Debit this account for remittance of the taxes withheld to the BIR.
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