JEV No.

PARTICULARS

The appropriation is posted (recorded) in the

A Registry of Appropriations and Allotments (RAPAL).

The allotment is posted (recorded) in the Registry of

Appropriations and Allotments (RAPAL) and Registries
B of Allotments, Obligations and Disbursements (RAOD).

The obligations are recorded in the Obligation Request

and Status (ORS) Registries of Allotments, Obligations
C and Dis and bursements (RAOD).

D Cash-Modified Disbursement System (MDS), Regular

Subsidy from National Government
To recognize receipt of NCA from the DBM

E Salaries and Wages, Regular

Personal Economic Relief Allowance (PERA)
Due to BIR
Due to GSIS
Due to Pag-IBIG
Due to PhilHealth
Due to Officers and Employees
To recognize payable to officers and employees
upon approval of payroll

Advances for Payroll

Cash-Modified Disbursement System (MDS), Regular
To recognize grant of cash advance for payroll

Due to Officers and Employees

Advances for Payroll
To recognize liquidation of Payroll Fund

F Office Equipment
Accounts Payable
To recognize delivery of office equipment

G Accounts Payable
Due to BIR
Cash Modified Disbursement – System (MDS), Regular
To recognize payment of accounts payable

H Office Supplies Inventory

 Accounts Payable
To recognize delivery of office supplies

I Accounts Payable
Due to BIR
Cash Modified Disbursement – System (MDS), Regular
To record the issuance of office supplies to end users

J Water Expenses
Electricity Expenses
Telephone Expenses
Janitorial Expenses
Security Expenses
Due to BIR
Cash Modified Disbursement System (MDS), Regular
To recognize issuance of MDS checks as
payment for expenses

K Office Supplies Expense

Office Supplies Inventory
To record the issuance of office supplies to end users

L Accounts receivable
Waterworks System Fees
To recognize billing of income

M Cash Collecting Officers

Permit fees
To recognize collection of unbilled service income

Cash-Treasury/Agency Deposit, Regular

Cash Collecting Officers
To recognize remittance of income to the BTr

N Cash-Treasury/Agency Deposit, Regular

Tax on Delivery Vans and Trucks
To recognize collection and remittance of income to
BTr through Authorized Government Depository Banks
(AGDB)

O Cash-Tax Remittance Advice

Subsidy from National Government
To recognize the constructive receipt of NCA for TRA

Due to BIR
Cash-Tax Remittance Advice
 To recognize constructive remittance to BIR of
taxes withheld through TRA

P Due to GSIS
Due to Pag-IBIG
Due to PhilHealth
Cash Modified Disbursement System (MDS), Regular
To recognize remittance to GSIS, Pag-IBIG and PhilHealth
Debit Credit

1,050,000.00
1,050,000.00

380,000.00
20,000.00
90,000.00
30,000.00
20,000.00
10,000.00
250,000.00

250,000.00
250,000.00

250,000.00
250,000.00

320,000.00
320,000.00

320,000.00
20,000.00
300,000.00

150,000.00
 150,000.00

120,000.00
10,000.00
110,000.00

20,000.00
60,000.00
40,000.00
80,000.00
100,000.00
20,000.00
280,000.00
13,000.00

130,000.00
130,000.00

240,000.00
240,000.00

200,000.00
200,000.00

200,000.00
200,000.00

50,000.00
50,000.00

160,000.00
160,000.00

160,000.00
160,000.00
34,000.00
22,000.00
11,000.00
67,000.00
 Due to Officers and Employees Advances to Payroll
250,000 250,000 250,000 250,000
end - -

Accounts Payable Accounts Payable

60,000
320,000 320,000
120,000 150,000
end 90,000
160,000
end 90,000

Due to PhilHealth Due to Pag-IBIG

1,000
11,000 10,000 22,000
end - end -

Tax on Delivery Vans and Truck Waterworks system Fees

50,000
end 50,000 end 240,000
 end

Accounts Payable
20,000
90,000
20,000
10,000
20,000

Due to Pag-IBIG Due to GSIS

2,000 4,000
20,000 34,000 30,000
end -

aterworks system Fees Accumulated Surplus (Deficit)

240,000 333,000
end 333,000
 Accounts Debit Credit
Cash - Collecting Officers 30,000.00
Cash-Treasury/Agency Dep, Reg. 250,000.00
Cash-MDS, Regular 43,000.00
Cash-Tax Remittance Advice -
Accounts Receivable 120,000.00
Office Supplies Inventory 20,000.00
Building 800,000.00
Accumulated Depreciation - Bldg 650,000.00
Office Equipment 660,000.00
Accumulated Depreciation - Equip 180,000.00
Advances for Payroll -
Accounts Payable 90,000.00
Due to Officers and Employees -
Due to BIR -
Due to GSIS -
Due to Pag-IBIG -
Due to PhilHealth -
Accumulated Surplus (Deficit) 333,000.00
Permit Fees 50,000.00
Waterworks System Fees 240,000.00
Subsidy from NG 1,210,000.00
Salaries and Wages, Regular 380,000.00
PERA 20,000.00
Office Supplies Expense 130,000.00
Water Expenses 20,000.00
Electricity Expenses 60,000.00
Telephone Expenses 40,000.00
Janitorial Expenses 80,000.00
Depreciation-Machinery & Equipment 100,000.00
Total 2,753,000.00 2,753,000.00
 PARTICULARS
Debit Credit
Depreciation-Buildings & Other Structures 30,000.00
Accumulated Depreciation – Bldgs. 30,000.00
To recognize depreciation of buildings

Depreciation-Machinery and Equipment 20,000.00

Accumulated Depreciation – O.E. 20,000.00
To recognize depreciation of office equipment

Impairment Loss – Loans and Receivables 5,000.00

Allowance for Impairment – A/R 5,000.00
To recognize loss allowance on accounts receivable

Subsidy from National Governmen 43,000.00

Cash-Modified Disbursement System (MDS), Regular 43,000.00
To recognize reversion of unused NCA
 Unadjusted Trial Balance
Accounts Debit Credit
Cash - collecting Officers 30,000
Cash - Teasury/Agency Dep, Reg. 250,000
Cash - MDS Regular 43,000
Accounts Receivable 120,000
Offices Supplies Inventory 20,000
Buildings 800,000
Accumulated Depreciation - Bldg 650,000
Office Equipment 660,000
Accumulated Depreciation - Equip 180,000
Accounts Payable 90,000
Accumulated Surplus (Deficit) 333,000
Tax on Delivery Vans and Trucks 50,000
Waterworks System Fees 240,000
Subsidy from NG 1,210,000
Salaries and Wages, Regular 380,000
PERA 20,000
Office Supplies Expense 130,000
Water Expenses 20,000
Electricity Expenses 60,000
Telephone Expenses 40,000
Janitorial Expenses 80,000
Security Expenses 100,000
Total 2,753,000 2,753,000
Adjustments:
Depreciation - Buildings & Other Structures
Depreciation - Machinery & Equipmentr
Impairment Loss - Loans and Receivables
Allowance for Impairment - A/R
 Adjustments Adjusted Trial Balance Statement of Financial Position
Debit Credit Debit Credit Debit
30,000 30,000
250,000 250,000
43,000 - -
120,000 120,000
20,000 20,000
800,000 800,000
30,000 680,000
660,000 660,000
20,000 200,000
90,000
333,000
50,000
240,000
43,000 1,167,000
380,000
20,000
130,000
20,000
60,000
40,000
80,000
100,000

30,000 30,000
20,000 20,000
5,000 5,000
5,000 5,000
98,000 98,000 2,765,000 2,765,000 1,880,000

1,880,000
ement of Financial Position Statement of Financial Performance Closing Entries
Credit Debit Credit Debit

680,000

200,000
90,000
333,000 250,000
50,000 50,000
240,000 240,000
1,167,000 1,167,000
380,000
20,000
130,000
20,000
60,000
40,000
80,000
100,000

30,000
20,000
5,000
5,000
1,308,000 885,000 1,457,000 1,707,000
572,000 572,000
1,880,000 1,457,000 1,457,000
Closing Entries Posting - Closing Trial Balance
Credit Debit Credit
30,000
250,000 -
-
120,000
20,000
800,000
680,000
660,000
200,000
90,000
572,000 655,000

380,000
20,000
130,000
20,000
60,000
40,000
80,000
100,000

30,000
20,000
5,000
5,000
1,707,000 1,630,000 1,630,000
 PARTICULARS
Debit Credit
Accumulated Surplus/(Deficit) 250,000.00
Cash-Treasury/Agency Deposit, Regular 250,000.00
To recognize closing of cash deposit account

Tax on Delivery Vans and Trucks 50,000.00

Waterworks System Fees 240,000.00
Subsidy from National Government 1,167,000.00
Salaries and Wages, Regular 380,000.00
PERA 20,000.00
Office Supplies Expense 130,000.00
Water Expenses 20,000.00
Electricity Expenses 60,000.00
Telephone Expenses 40,000.00
Janitorial Expenses 80,000.00
Security Expenses 100,000.00
Depreciation-Bldgs. 30,000.00
Depreciation-Mac. & Equipt. 20,000.00
Impairment Loss – L/R 5,000.00
Revenue and Expense Summary 572,000.00
To recognize closing of income and expense accounts

Revenue and Expense Summary 572,000.00

Accumulated Surplus/(Deficit) 572,000.00
To recognize closing of revenue and expense summary
 ENTITY A
STATEMENT OF FINANCIAL POSITION
(REGULAR AGENCY FUND)
As of December 31 20x1

Notes
ASSETS
Current Assets
Cash and cash equivalents 30,000.00
Receivables 1 115,000.00
Inventories 20,000.00
Total Current Assets 165,000.00

Noncurrent Assets
Property, Plant and Equipment 2 580,000.00
Total Noncurrent Assets 580,000.00

TOTAL ASSETS 745,000.00

Current Liabilities
Financial Liabilities 90,000.00
Total Current Liabilities 90,000.00

TOTAL LIABILITIES 90,000.00

TOTAL ASSETS less TOTAL LIABILITIES 655,000.00

NET ASSETS/EQUITY
Accumulated Surplus/(Deficit) 655,000.00
TOTAL NET ASSETS/EQUITY 655,000.00
 ENTITY A
STATEMENT OF FINANCIAL PERFORMANCE
(REGULAR AGENCY FUND)
FOR THE YEAR ENDED DECEMBER 31, 20x1

Notes
REVENUE
Tax Revenue 50,000.00
Services and Business Income 240,000.00
TOTAL REVENUE 290,000.00

Less: CURRENT OPERATING EXPENSES

Personnel Services 3 400,000.00
Maintenance and Other Operating Expenses 4 430,000.00
Non-cash Expenses 5 55,000.00
TOTAL CURRENT OPERATING EXPENSES 885,000.00

SURPLUS/ (DEFICIT) FROM CURRENT OPERATIONS -595,000.00

Net Financial Assitance/Subsidy 1,167,000.00

SURPLUS / (DEFICIT) FOR THE PERIOD 572,000.00