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Financial Records and Disbursement Overview

This document contains a series of accounting transactions recorded by a government agency. It shows appropriations, allotments, obligations, payroll expenses, accounts payable, receivables, and remittances to government agencies being recorded in various registries and accounts. The transactions total to $1,700,000.

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Maribon S. Maceda
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36 views2 pages

Financial Records and Disbursement Overview

This document contains a series of accounting transactions recorded by a government agency. It shows appropriations, allotments, obligations, payroll expenses, accounts payable, receivables, and remittances to government agencies being recorded in various registries and accounts. The transactions total to $1,700,000.

Uploaded by

Maribon S. Maceda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

BSACC 3

Problem 3-5

a. It is recorded at the Registry of Appropriation and Allotments or RAPAL because there is


a notice of appropriation
b. It is also recorded at RAPAL and in the Registries of Allotments Obligations and
Disbursements or RAOD because of the allotment from DBM
c. It is recorded in Registries of Allotments Obligations and Disbursements and in
Obligation Request and Status or ORS because of the obligation incurred
d.
Cash - Modified Disbursement System, Regular 850,000
Subsidy from National Government 850,000
e.
Salaries and Wages, Regular 450,000
Personal Economic Relief Allowance 50,000
Due to BIR 125,000
Due to GSIS 25,000
Due to PAGIBIG 20,000
Due to PhilHealth 12,000
Due to OFficers and Employees 318,000
f.
Advances for Payroll 318,000
Cash - Modified Disbursement, Regular 318,000
g.
Due to Officers and Employees 318,000
Advances for Payroll 318,000
h.
Office Supplies Inventory 200,000
Accounts Payable 200,000
i.
Accounts Payable 180,000
Due to BIR 10,000
Cash - Modified Disbursement System, Regular 170,000
j.
Cash - Tax Remittance Advice 135,000
Subsidy from National Government 135,000

Due to BIR (125,000 + 10,000) 135,000


Cash - Tax REmittance Advice 135,000
k.
Due to GSIS 25,000
Due to PAGIBIG 20,000
Due to PhilHealth 12,000
Cash - Modified Disbursement System, Regular 57,000
l.
Accounts Receivable 200,000
Power Supply System Fees 200,000
m.
Cash - Collecting Officers 200,000
Accounts Receivable 200,000

Cash - Treasury Agency Deposit 200,000


Cash - Collecting Officers 200,000
n.
Subsidy from National Government 305,000
CAsh - Modified Disbursement System 305,000

Cash - Modified Disbursement System

850,000 318,000 (Payroll Advances)

170,000 (Payments)

57,000 (Remittance)

305,000

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