NEW CHART OF ACCOUNT

8/13/2019 NEW CHART OF ACCOUNT

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0/ The Coding System

0/+ Codes are assi$ned to fund $roups, allotment classes and $eneral led$er

accounts to facilitate location of accounts in the $eneral and su)sidiar

led$ers, to provide sstematic arran$ement and classification of accounts, andto facilitate preparation of the consolidated financial reports/

0/ The codin$ sstem conforms to the sstem prescri)ed ) the Department ofBud$et and "ana$ement, Department of >inance ? BTr, Bureau of #ocal

Government >inance and other oversi$ht a$encies, as follo4s:

0//+ Codes for appropriations, allotments and o)li$ations

+ Personal %ervices

"aintenance and Other Operatin$ (5penses

0 Capital Outla

0// Codes for fund $roups

++=+ General >unds

+= %pecial >unds

1+=1 Trust >unds

0//0 Codes for $eneral led$er accounts

4.0 Implementing uidelines

1/+ The NGAs and #G&s shall record their financial transactions in accordance

4ith the Chart of Accounts prescri)ed herein, effective 'anuar +, ++/

Account Code Accounts

+=+=+=+ to +=== Assets

=+=+=+ to === #ia)ilities

0=+=+=+ to 0=== (


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1/ All a$encies shall convert the )alances of their accounts as of Decem)er 0+,

+ as )e$innin$ )alances for C ++/

1/0 Accounts other than those provided in this Circular shall )e used onl upon

prior approval of this Commission/


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2/ Account Titles and !escription

2/+ Anne5 A presents the #ist of Account Titles, their correspondin$ account codes

and the %ector 8NGA or #G&9 to use/

2/ Anne5 B contains the description of accounts and the instructions 4hen to de)it

and to credit the accounts/

@/ Repealing Clause

All circulars, memoranda and other issuances or parts thereof 4hich are

inconsistent 4ith the provisions of this Circular are here) repealed!modifiedaccordin$l/

./ "ffecti#ity

This Circular shall tae effect on 'anuar +, ++/

R"$%AL!& A. 'ILLAR

Chairman

(UA%IT& . "S)I%&* (R/ Commissioner

"'"L$% R. SA% +U"%A'"%TURA

Commissioner

Documents

NEW CHART OF ACCOUNT