11.3 Illustrative Accounting Entries

Receipt of STF

11.3.1 Receipt of donations/grants for LDRRMF from other LGUs/NGAs and other sources


Account Title Dr. Cr.

Cash
Trust Liability - DRRMF
xx


xx

To record receipt of donation



11.3.2 Receipt of cash from NGAs for construction of school building

Account Title Dr. Cr.

Cash
Trust Liability
xx


xx

To record receipt of donation for construction of school building



11.3.3 Receipt of cash from the Provincial Government (PG) for health care activities

Account Title Dr. Cr.

Cash
Trust Liability
xx


xx

To record receipt of donation for health care activities



Disbursement

11.3.4 Charges to the DRRMF

Account Title Dr. Cr.

Expenses
Cash or Accounts Payable
xx


xx

To record charges against the trust liability account



11.3.5 Purchase of relief goods funded from donations of private individuals

Account Title Dr. Cr.

Welfare Goods for Distribution
Cash
xx


xx

To record cost of food supplies for flood victims



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