11.3.6 Upon distribution

Account Title Dr. Cr.

Welfare Goods Expense
Welfare Goods for Distribution
xx


xx

To record the distribution of food supplies for flood victims



11.3.7 Recognition of the spent portion as income

Account Title Dr. Cr.

Trust Liability - DRRMF
Grants and Donations in Cash
xx


xx

To record the expended portion of the donation as income



11.3.8 Repair and maintenance of facilities using funds given by national government for disaster activities


Account Title Dr. Cr.

Repairs and Maintenance
Cash or Accounts Payable
xx


xx

To record cost of repair and maintenance



11.3.9 Recognition of spent portion as income

Account Title Dr. Cr.

Trust Liability - DRRMF
Subsidy from National Government
xx


xx

To record the expended portion as income



11.3.10 Construction of school building taken from subsidy from national government

Account Title Dr. Cr.

School Building
Cash or Accounts Payable
xx


xx

To record the day care center constructed from subsidy from NG



11.3.11 Recognition of spent portion as income

Account Title Dr. Cr.

Trust Liabilities - DRRMF
Subsidy from National Government
xx


xx

To record the expended portion as income



11.3.12 Purchase of Equipment for DRRM funded from donations

Account Title Dr. Cr.

Disaster Response and Rescue Equipment
Cash or Accounts Payable
xx


xx

To record cost of utility vehicle for DRRM



11.3.13 To transfer the utilized LDRRMF to the Income account

Account Title Dr. Cr.

Trust Liability - DRRMF
Grant and Donations
xx


xx

To record the transfer of utilized LDRRMF



11.3.14 Transfer of unused LDRRM Funds

Account Title Dr. Cr.

Transfer to TF unutilized current year
allocation for LDRRMF
Trust Liabilities - DRRMF
xx



xx

To transfer the unexpended QRF and DRRMF-MOOE to the special trust account at year-end



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