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  • General Accounting Plan Local Government Units: Table 1

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    Pee-Jay Inigo Ulita
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    The document outlines the general accounting plan and procedures for local government units. It details the flow of transactions from appropriations and allotments through obligations, collections, deposits, payments, and closing entries. Key elements include source documents, accounting journals and ledgers, reports, trial balances, and financial statements used to record and report financial activities in compliance with public infrastructure reporting requirements.

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    LGU-NGAS_Table1GenAcctgPlanVol1

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    LGU-NGAS_Table1GenAcctgPlanVol1

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    The document outlines the general accounting plan and procedures for local government units. It details the flow of transactions from appropriations and allotments through obligations, collections, deposits, payments, and closing entries. Key elements include source documents, accounting journals and ledgers, reports, trial balances, and financial statements used to record and report financial activities in compliance with public infrastructure reporting requirements.

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    101 views1 page

    General Accounting Plan Local Government Units: Table 1

    Uploaded by

    Pee-Jay Inigo Ulita
    The document outlines the general accounting plan and procedures for local government units. It details the flow of transactions from appropriations and allotments through obligations, collections, deposits, payments, and closing entries. Key elements include source documents, accounting journals and ledgers, reports, trial balances, and financial statements used to record and report financial activities in compliance with public infrastructure reporting requirements.

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    of 1

    GENERAL ACCOUNTING PLAN

    LOCAL GOVERNMENT UNITS


    DISBURSEMENTS COROLLARY CORRECTING/
    TRANSACTIONS APPROPRIATIONS & OBLIGATIONS COLLECTIONS DEPOSITS PAYMENTS PAYMENTS CLOSING ENTRIES &
    ALLOTMENTS BY CASH BY CHECKS OTHER DISB MISC. ENTRIES
    COMPLETED PUBLIC INFRA

    APPROP. SD / PR / OFFICIAL DEPOSIT VOUCHER VOUCHER SD/ BANK SOURCE


    SOURCE ORD/ADV OF CONTRACT / DV RECEIPTS SLIPS PAYROLLS/ PAYROLLS/ DOCUMENTS
    ADVICE
    DOCUMENTS ALLOT /PAYROLL ORs/SD CHECKS
    BASIS

    CASH CASH
    BOOK BOOK
    REPORT OF
    REPORT OF DISBURSEMENT/ REPORT OF
    REPORTS COLLECTIONS AND LIQUIDATION CHECKS ISSUED
    DEPOSITS REPORT

    CASH
    BOOK
    ACCOUNTING MEDIUM JOURNAL ENTRY JOURNAL ENTRY JOURNAL ENTRY JOURNAL ENTRY JOURNAL
    ALOBS VOUCHER VOUCHER VOUCHER VOUCHER ENTRY
    VOUCHER

    REGISTRY OF
    PUBLIC INFRA-
    STRUCTURE
    REGISTRIES RAAOPS/
    RAAOMO/
    RAAOCO/
    RAAOFE

    CASH CHECK
    9

    JOURNALS CASH RECEIPTS GENERAL


    JOURNAL DISBURSEMENT DISBURSEMENT JOURNAL
    JOURNAL JOURNAL

    SUBSIDIARY LEDGER SUBSIDIARY SUBSIDIARY SUBSIDIARY SUBSIDIARY SUBSIDIARY


    LEDGER LEDGER LEDGER LEDGER LEDGER

    GENERAL LEDGER GENERAL


    LEDGER

    TRIAL BALANCE &


    TRIAL
    SUPPORTING SCHEDULES BALANCE
    SUPPORTING SUPPORTING
    SCHEDULES SCHEDULES

    FINANCIAL STATEMENTS

    STATEMENT OF STATEMENT OF
    BALANCE
    NOTE: Supporting Schedules shall be prepared for all Subsidiary Ledger Accounts. INCOME AND CASH FLOWS
    SHEET
    EXPENSES

    Table 1

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