14.140. Due to Pag-IBIG (2-02-01-030). This account is used to record withholding of employees' premium payments and other payables for remittance to the Home Development Mutual Fund (HDMF). Debit this account for the remittance of withheld amount.

14.141. Due to PhilHealth (2-02-01-040). This account is used to record the withholding of employees' premium payments for remittance to the Philippine Health Insurance Corporation (PHIC). Debit this account for the remittance of withheld amount.

14.142. Due to NGAs (2-02-01-050). This account is used to record the receipt of funds for delivery of goods/services as authorized by law, fund transfers from NGAs, other than the BIR, for implementation of specific programs or projects and other inter-agency transactions. Debit this account for delivery of goods/services, liquidation of funds received and settlement of liabilities.

14.143. Due to GOCCs (2-02-01-060). This account is used to record the receipt of: a) funds for delivery of goods/services as authorized by law; orb) fund transfers from the GOCCs for the implementation of specific programs or projects. Debit this account for delivery of goods/services, liquidation/release of funds received and settlement of liabilities.

14.144. Due to LGUs (2-02-01-070). This account is used to record the receipt of funds from LGUs for delivery of goods/services as authorized by law, fund transfers for the implementation of specific programs or projects and other inter-agency transactions. Debit this account for delivery of goods/services, liquidation of funds received and settlement of liabilities.

Trust Liabilities

14.145. Trust Liabilities (2-03-01-010). This account is used to record the receipt of amount held in trust for specific purpose. Debit this account for payment or settlement of the liability.

14.146. Guaranty/Security Deposits Payable (2-03-01-020). This account is used to record the incurrence of liability arising from the receipt of cash or cash equivalents to guaranty (a) that the winning bidder shall enter into contract with the procuring entity; and (b) performance by the contractor of the terms of the contract. Debit this account for refund after the fulfillment of the purpose of the bond or forfeiture upon failure to comply with the purpose of the bond.

14.147. Trust Liabilities - Disaster Risk Reduction and Management Fund (2-03-01-030). This account is used to record unexpended/unobligated balance and transfers of the Quick Response Fund (QRF) and the DRRMF-MOOE, receipts of NDRRMF, DRRMF from other LGUs and other sources. Subsidiary ledgers shall be maintained for transfers of agency's unutilized DRRMF to the special trust fund by year of transfer, receipts of NDRRMF by transferring agency, DRRMF from other LGUs by LGU and other sources by donor.

14.148. Trust Liabilities - SK Funds (2-03-01-040). This account is used to record the unspent funds of SK including those from the unspent 10% SK allocation from the barangay.

Other Payables

14.149. Other Payables (2-99-99-990). This account is used to record other liabilities not falling under any of the specific payable accounts. Debit this account for settlement of liabilities.



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