2. Chart of Accounts

8/10/2019 2. Chart of Accounts

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Definitions

The chart of accounts provides the framework

within which the accounting records are

constructed. It is defined as:

A List of General Ledger Accounts consist ingof Real and Nom inal accoun ts

Real Accounts - balance sheet accounts for

assets liabilities and equity accounts.

Nominal Accounts income statement accounts

for income expenses and intermediary accounts


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Objectives of the

New Chart of Accounts

The new char t of accounts is designed to achieve:

uniformity in accounting and reporting;

facility in consolidating financial reports;

and

adaptability to computerization.


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Chart of Accounts

for use by Barangays

Barangays will use the NGAS

Chart of Accounts prescribed

under COA Circular No. 2003-

001 dated June 17 2003.


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COMPARISON

OF THE

OLD

(COA Circular No. 93-396 dated April15, 1993)

AND

NEW ACCOUNTS(COA Circular No. 2003-001 dated

June 17, 2003)


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NGAS Chart

of Accounts

Old

Chart of Accounts

101 - Cash in VaultCash, Barangay Treasury(8-70-100)

111 - Cash in BankLC, CA

112 - Cash in Bank LC, SA

113 - Cash in Bank LC, TD

Cash, in Bank (8-70-300)

104

Petty Cash Fund

106Payroll Fund

148Advances to Officers and

Employees

Cash with Disbursing Officers

(8-70-500)

i f for Petty Cash

if for Payroll

i f for special time-bound

undertaking and for travel

138Due from LGUsCash, City/Municipal Treasury

(8-70-102)


7/19

NGAS

Chart of Accounts

Old

Chart of Accounts

186 - Guaranty Deposits

138

Due from LGUs

Receivables

Miscellaneous

(8-71-900)

I f for refundable deposit (deposit

on containers, etc.)

I f for excess remittance (e.g. toMun./City Treasury)

None (Revert to Govt. Equity anybalance) POLICY: Procurement ofsuppl ies shal l be dir ectly charged to MOOE

and shal l be recorded using the appropriate

expense accounts.

InventoriesMiscellaneous

Land and Land Improvements Property, Plant and Equipment

201Land

202

Land improvements


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NGAS

Chart of Accounts

Old

Chart of Accounts

Land and Land Improvements Public Infrastructures

251Roads, Highways and

Bridges

252Parks, Plazas & Monuments

and other public infra accounts

Buildings and Structures 211Office Buildings

212School Buildings

215Other Structures

and other appropriate buildingaccount


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NGAS

Chart of Accounts

Old

Chart of Accounts

Furniture, Fixtures,

Equipment, Work Animals

and Books

221

Office Equipment

222Furniture and Fixtures

223IT Equipment and Software

224Library Books

281

Work/Other Animals241Motor Vehicles

401Accounts Payable

403Due to Officers and

Employees

Revert to

501Government Equity

PayablesBarangay Obligations

if Due and Demandable

if Not Due and Demandable/

goods not yet delivered


10/19

NGAS

Chart of Accounts

Old

Chart of Accounts

439

Other PayablesPayables

Miscellaneous

412Due to BIR

413Due to GSIS

415Due to PHILHEALTH

416Due to Other NGAs

418Due to LGUs

426Guaranty Deposits Payable

427Performance/Bidders/Bail

Bonds Payable

439Other Payables

Special Trust Funds


11/19

NGAS

Chart of Accounts

Old

Chart of Accounts

501 - Government Equity

501Government Equity

Cumulative Results of Operations

Invested Capital


12/19

NGAS

Chart of Accounts

Old

Chart of Accounts

Real Property Taxes

Business Taxes and Licenses

588- Real Property Tax

581Amusement Tax

582Business Tax

598

Other Local Taxes603Franchising and Licensing

Fees

605Permit Fees

606Registration Fees

636

Income from Markets


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NGAS

Chart of Accounts

Old

Chart of Accounts

612

Clearance and CertificationFees

642 - Rent Income

623Toll and Terminal Fees

628Other Service Income

629Fines and Penalties-Service

Income

639 - Income from Waterworks

System

648

Other Business Income649Fines and Penalties

Business Income

(other appropriate operating, service

and business provided in the

NGAS Chart of Accounts)

Operating and Service Income


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NGAS

Chart of Accounts

Old

Chart of Accounts

593 - Tax on Sand, Gravel and

Other Quarry Products

662Income from Grants and

Donations

664Interest Income

678Miscellaneous Income

Miscellaneous IncomeI f share from tax on sand, gravel, and

other quarr y products

if fr om proceeds fr om solicitations of

monies, mater ials, or voluntar y labor

from residents, landowners, producers

and merchants withi n the barangay

in fr om interest income on bank

deposits

all other income not fall ing under any

of income accounts previously def ined

652 Subsidy from other National

Government Agencies

656Subsidy from Other LGUs

Aids, Grants, and Subsidies


15/19

NGAS

Chart of Accounts

Old

Chart of Accounts

701- Salaries and Wages

Regular

706Salaries and Wages

Contractual

720Honoraria

724Cash Gift

Personal Services

751Traveling Expenses

753Training Expenses

755

Office Supplies Expenses756Accountable Forms

Expenses

761Gasoline, Oil & Lubricants

766Water Expenses

767Electricity Expenses

Maintenance and Other

Operating Expenses


16/19

NGAS

Chart of Accounts

Old

Chart of Accounts

771

Postage and Deliveries

772Telephone Expenses

Landline

773Telephone Expenses

Mobile

782

Rent Expenses

793Consultancy Services

796Janitorial Services

797Security Services

802

Repairs and Maintenance

Office Buildings

821Repairs and Maintenance

Office Equipment

Maintenance and OtherOperating Expenses


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NGAS

Chart of Accounts

Old

Chart of Accounts

841

Repairs and Maintenance

Motor Vehicles

851Repairs and Maintenance

Roads, Highways and

Bridges

878

Donations

891Taxes, Duties and Licenses

892Fidelity Bond Premiums

893Insurance Expense

902

Depreciation

OfficeBuildings

921DepreciationOffice

Equipment

941DepreciationMotor

Vehicles

Maintenance and OtherOperating Expenses


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NGAS

Chart of Accounts

Old

Chart of Accounts

No expense accounts

For budget preparation purposes, the

Investments, PPE, Public Infrastructure and

Reforestation Projects accounts provided

under the Chart of Accounts shall be used.

E.g.

191Investments in Treasury

Bills

201Land

211

Office Building

221Office Equipment

222Furniture and Fixtures

223IT Equipment

Capital Outlay


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Documents

2. Chart of Accounts