Gov Financial Report

D-4 Statement of Cash Flow
Statement of Cash Flows

Fiscal Year Ended December 31, __________
Cash Flow From Operating Activities:

Cash Inflow:
Receipt of Notice of Cash Allocation
Collection of Income/Revenue
Receipt of Refunds of cash advances
Total Cash Inflows
Cash Outflows:
Cash Payment of Operating Expenses
Cash payment of payables
Granting of Cash Advances/petty cash
Remittance of collections to BTR
Remittance of refunds to BTR
Total Cash Outflow
Cash Provided by Operating Activities
Cash Balance, Beginning
Cash Balance, End
190,000.00
600,000.00
15.00
18,000.00
125,000.00
36,680.00
600,000.00
15.00
790,015.00
779,695.00
10,320.00
10,320.00
D - 2 Statement of Financial Position

Statement of Financial Position
As of December 31, _________________
ASSETS
Current Assets
Cash-Collecting Officer
Petty Cash
Cash-MDS Regular
Office Supplies Inventory
Property, Plant and Equipment
Office Equipment
Less Accum. Depr. - Office Equipment
Other Assets
Advances for Payroll
Advances to Officers and Employees
TOTAL ASSETS
LIABILITIES AND GOVERNMENT EQUITY
Liabilities
Current Liabilities
Accounts Payable
Due to Officers and Employees
Due to BIR
Due to GSIS
Due to PhilHealth
Due to PAG-IBIG
TOTAL LIABILITIES
Equity
Government Equity
TOTAL LIABILITIES AND EQUITY
120,000.00
22,800.00
100.00
10,320.00
2,500.00
5%
97,200.00
110,120.00
4,050.00
2,000.00
3,000.00
9,050.00
101,070.00
110,120.00
114,000.00
22800
D-3 Statement of Chnages in Net Assets/Equity

Statement of Changes inNet Assets/Equity
As of December 31, __________
Government Equity, Prior Years

Adjustments:
Current Operations
Prior Years
Government Equity, December 31, _________
101,070.00
-
101,070.00
101,070.00
D-1 Statement of Financial Performance

Statement of Financial Performance
As of December 31, ___________
Subsidy Income from National Government

Less: Expenses
Salaries and Wages - Regular
PERA
Travelling Expenses
Office Supplies Expense
Water
Electricity
Telephone
Depreciation - Machinery and Equipment
Income over Expenses
45,000.00
5,000.00
25.00
90.00
2,500.00
5,000.00
10,000.00
3,000.00
22,800.00
194,485.00
93,415.00
101,070.00
B.) Trial Balance

Post Closing - Trial Balance
PARTICULARS
Petty Cash
Cash-MDS Regular
Office Equipment
Accum. Depr. - Office Equipment
Accounts Payable
Due to BIR
Due to GSIS
Due to PhilHealth
Due to PAG-IBIG
Government Equity
Acct. Code
1-01-01-010
1-01-01-020
1-01-04-040
1-04-04-010
1-06-05-020
1-06-05-021
1-99-01-020
1-99-01-040
2-01-01-010
2-01-01-020
2-02-01-010
2-02-01-020
2-02-01-040
2-02-02-030
3-01-01-010
DEBIT
100.00
10,320.00
2,500.00
120,000.00
-
132,920.00
CREDIT
5%
6000
22,800.00
4,050.00
2,000.00
3,000.00
101,070.00
132,920.00
114,000.00
22800
Unadjusted Trial Balance
PARTICULARS
Petty Cash
Cash-MDS Regular
Office Equipment
Accounts Payable
Due to BIR
Due to GSIS
Due to PhilHealth
Due to PAG-IBIG
Permit Fees
Inspection Fees
Fines and Penalties- Service Income
Rent Income
Other Service Income
PERA
Travelling Expenses
Water
Electricity
Telephone
Acct. Code
1-01-01-010
1-01-01-020
1-01-04-040
1-04-04-010
1-06-05-020
1-99-01-020
1-99-01-040
2-01-01-010
2-01-01-020
2-02-01-010
2-02-01-020
2-02-01-040
2-02-02-030
4-02-01-010
4-02-01-100
4-02-01-140
4-02-02-050
4-02-01-990
4-07-01-010
5-01-01-010
5-01-02-010
5-02-01-010
5-02-03-010
5-02-03-010
5-02-04-010
5-02-04-020
5-02-05-020
DEBIT
100.00
10,320.00
2,500.00
120,000.00
-
45,000.00
5,000.00
25.00
90.00
2,500.00
5,000.00
10,000.00
3,000.00
203,535.00
CREDIT
5%
4,050.00
2,000.00
3,000.00
194,485.00
203,535.00
6000
114,000.00
22800
Pre Closing - Trial Balance
PARTICULARS
Petty Cash
Cash-MDS Regular
Office Equipment
Accum. Depr. - Office Equipment
Accounts Payable
Due to BIR
Due to GSIS
Due to PhilHealth
Due to PAG-IBIG
Permit Fees
Inspection Fees
Rent Income
PERA
Travelling Expenses
Water
Electricity
Telephone
Acct. Code
1-01-01-010
1-01-01-020
1-01-04-040
1-04-04-010
1-06-05-020
1-06-05-021
1-99-01-020
1-99-01-040
2-01-01-010
2-01-01-020
2-02-01-010
2-02-01-020
2-02-01-040
2-02-02-030
4-02-01-010
4-02-01-100
4-02-01-140
4-02-02-050
4-02-01-990
4-07-01-010
5-01-01-010
5-01-02-010
5-02-01-010
5-02-03-010
5-02-03-010
5-02-04-010
5-02-04-020
5-02-05-020
5-05-01-050
DEBIT
100.00
10,320.00
2,500.00
120,000.00
-
45,000.00
5,000.00
25.00
90.00
2,500.00
5,000.00
10,000.00
3,000.00
22,800.00
226,335.00
CREDIT
5%
22,800.00
4,050.00
2,000.00
3,000.00
194,485.00
226,335.00
6000
114,000.00
22800
A.) Journal entries to record the transactions
Account Title
1.)
Permit Fees
Inspection Fees
Rent Income
Fines and Penalties Service Income
Total
Account Code
1-01-01-010
4-02-01-010
4-02-01-100
4-02-02-050
4-02-01-140
4-02-01-990
Debit
600,000.00
600,000.00
To record collection of various income

2.)
Permit Fees
Inspection Fees
Rent Income
4-02-01-010
4-02-01-100
4-02-02-050
4-02-01-140
4-02-01-990
350,000.00
150,000.00
30,000.00
20,000.00
50,000.00
600,000.00
To record remittance to the Bureau of the Treasury

5.)
Cash-MDS Regular
Subsidy From National Government
1-01-04-040
4-07-01-010
190,000.00
1-06-05-020
1-04-04-010
2-01-01-010
120,000.00
5,000.00
To record receipt of NCA from DBM

6.)
Office Equipment
Accounts Payable
To record delivery of Office Equipment and Office Supplies on account

7.)
PERA
To set up payables to officers and employees
5-01-01-010
5-01-02-010
2-01-01-020
45,000.00
5,000.00
8.)
Cash-MDS Regular
1-99-01-020
1-01-04-040
36,450.00
36,450.00
To record grant of cash advancefor payroll

9.)
Due to BIR
Due to GSIS
Due to PAG-IBIG
Due to PhilHealth
2-01-01-020
1-99-01-020
2-02-01-010
2-02-01-020
2-02-02-030
2-02-01-040
50,000.00
50,000.00
To record liquidation of payroll fund
10.)
Water
Electricity
Telephone
Accounts Payable
Cash-MDS Regular
5-02-04-010
5-02-04-020
5-02-05-020
2-01-01-010
1-01-04-040
5,000.00
10,000.00
3,000.00
125,000.00
143,000.00
To record payment of expenses and accounts payable for PPE and Office Supplies
11.)
Petty Cash
Cash-MDS Regular
1-01-01-020
1-01-04-040
100.00
100.00
To record grant of petty cash

12.)
Petty Cash
5-02-03-010
1-01-01-020
90.00
90.00
To record payment out of petty cash

13.)
1-99-01-040
30.00
Cash-MDS Regular
1-01-04-040
30.00
To record grant of cash advance for travel

14.)
Travelling Expenses
5-02-01-010
1-01-01-010
1-99-01-040
25.00
5.00
30.00
To record liquidation of cash advance for travel

15.)
Petty Cash
1-01-01-010
1-01-01-020
10.00
4-07-01-010
1-01-01-010
15.00
To record refund of excess petty cash

16.)
15.00
To record remittance of refunds to BTR
17.)
Petty Cash
Cash-MDS Regular
1-01-01-020
1-01-04-040
100.00
100.00
To record grant of petty cash to new accountable officer

19.)
Due to BIR
2-02-01-010
4-07-01-010
4,500.00
5-02-03-010
1-04-04-010
2,500.00
To record remittance of taxes thru TRA

20.)
2,500.00
To record issuance of ofice supplies
Credit
350,000.00
150,000.00
30,000.00
20,000.00
50,000.00
600,000.00
600,000.00
600,000.00
190,000.00
200,000
125,000.00
50,000.00
5%
36,450.00
36,450.00
8%
4000
36,450.00
4,500.00
4,050.00
3,000.00
2,000.00
50,000.00
143,000.00
143,000.00
e Supplies
100.00
100.00
90.00
90.00
5%
6250
5%
7150
30.00
30.00
30.00
30.00
10.00
15.00
15.00
100.00
100.00
4,500.00
2,500.00
2,500.00
#REF!
6,000.00
250.00
6,250.00
10,000.00
C.) Adjusting Closing Entries

Adjusting Entries before Pre-closing TB
1.)
Depreciation - Office Equipment
Accumulated Depreciation-Office Equipment
5-05-01-050
1-06-05-021
22,800.00
22,800.00
To set up depreciation expense of office equipment
Closing Entries - after Post-closing TB

1.)
Income and Expense Summary
4-03-01-010
3-03-01-010
194,485.00
194,485.00
To close income accounts to Income and Expenses Summary

2.)
PERA
Travelling Expenses
Water
Electricity
Telephone
3-03-01-010
5-01-01-010
5-01-02-010
5-02-01-010
5-02-03-010
5-02-03-010
5-02-04-010
5-02-04-020
5-02-05-020
5-05-01-050
93,415.00
93,415.00
To close expense accounts to Income and Expenses Summary
3.)
Government Equity
3-03-01-010
3-01-01-010
101,070.00
101,070.00
22,800.00
22,800.00
194,485.00
194,485.00
45,000.00
5,000.00
25.00
90.00
2,500.00
5,000.00
10,000.00
3,000.00
22,800.00
93,415.00
101,070.00
101,070.00
1-01-01-010
1-01-01-010
1-01-01-010
1-01-01-010
1-01-01-010
600,000.00
5.00
10.00
600,015.00
Petty Cash
Petty Cash
Petty Cash
Petty Cash
1-01-01-020
1-01-01-020
1-01-01-020
1-01-01-020
100.00
Cash-MDS Regular
Cash-MDS Regular
Cash-MDS Regular
Cash-MDS Regular
Cash-MDS Regular
Cash-MDS Regular
1-01-04-040
1-01-04-040
1-01-04-040
1-01-04-040
1-01-04-040
1-01-04-040
190,000.00
100.00
200.00
190,000.00
1-04-04-010
1-04-04-010
5,000.00
5,000.00
Office Equipment
1-06-05-020
120,000.00

1-99-01-020
1-99-01-020
36,450.00
36,450.00

1-99-01-040
1-99-01-040
30.00
30.00
Accounts Payable
Accounts Payable
2-01-01-010
2-01-01-010

2-01-01-020
2-01-01-020
50,000.00
Due to BIR
Due to BIR
2-02-01-010
2-02-01-010
4,500.00
125,000.00
125,000.00
4,500.00
Due to GSIS
Due to PhilHealth
Due to PAG-IBIG
2-02-01-020
2-02-01-040
2-02-02-030
Permit Fees
Permit Fees
Inspection Fees
Inspection Fees
Rent Income
Rent Income
4-02-01-010
4-02-01-010
4-02-01-100
4-02-01-100
4-02-01-140
4-02-01-140
4-02-01-140
4-02-01-990
4-02-01-990
4-02-02-050

4-07-01-010
4-07-01-010
4-07-01-010
15.00

PERA
Travelling Expenses
Water
Electricity
Telephone
5-01-01-010
5-01-02-010
5-02-01-010
5-02-03-010
5-02-03-010
5-02-04-010
5-02-04-020
5-02-05-020
45,000.00
5,000.00
25.00
90.00
2,500.00
5,000.00
10,000.00
3,000.00
350,000.00
150,000.00
20,000.00
30,000.00
50,000.00
DEBIT
CREDIT
15.00
600,000.00
600,015.00
90.00
10.00
100.00
100.00
36,450.00
143,000.00
100.00
30.00
100.00
179,680.00
10,320.00
2,500.00
2,500.00
2,500.00
120,000.00
###
36,450.00
###
30.00
125,000.00
125,000.00
50,000.00
-
4,500.00
4,500.00
4,050.00
2,000.00
3,000.00
4,050.00
2,000.00
3,000.00
350,000.00
350,000.00
###
150,000.00
150,000.00
###
20,000.00
20,000.00
###
###
50,000.00
50,000.00
###
30,000.00
30,000.00
190,000.00
4,500.00
194,485.00
###
###
###
###
###
###
###
###
803,535.00
803,535.00
a. Journal entries to record the transactions
Account Title
1.)
Permit Fees
Inspection Fees
Rent Income
Total
Account Code
1-01-01-010
4-02-01-010
4-02-01-100
4-02-02-050
4-02-01-140
4-02-01-990
Debit
600,000.00
600,000.00
To record collection of various income

2.)
Permit Fees
Inspection Fees
Rent Income
4-02-01-010
4-02-01-100
4-02-02-050
4-02-01-140
4-02-01-990
1-01-01-010
350,000.00
150,000.00
30,000.00
20,000.00
50,000.00
600,000.00
To record remittance to the Bureau of the Treasury

5.)
Cash-MDS Regular
1-01-04-040
4-07-01-010
190,000.00
1-06-05-020
1-04-04-010
2-01-01-010
120,000.00
5,000.00
To record receipt of NCA from DBM

6.)
Office Equipment
Accounts Payable
To record delivery of Office Equipment and Office Supplies on account

7.)
PERA
To set up payables to officers and employees
5-01-01-010
5-01-02-010
2-01-01-020
45,000.00
5,000.00
8.)
Cash-MDS Regular
1-99-01-020
1-01-04-040
36,450.00
36,450.00
To record grant of cash advancefor payroll

9.)
Due to BIR
Due to GSIS
Due to PAG-IBIG
Due to PhilHealth
2-01-01-020
1-99-01-020
2-02-01-010
2-02-01-020
2-02-02-030
2-02-01-040
50,000.00
50,000.00
To record liquidation of payroll fund
10.)
Water
Electricity
Telephone
Accounts Payable
Cash-MDS Regular
Due To BIR
5-02-04-010
5-02-04-020
5-02-05-020
2-01-01-010
1-01-04-040
2-02-01-010
5,000.00
10,000.00
3,000.00
125,000.00
143,000.00
To record payment of expenses and accounts payable for PPE and Office Supplies
11.)
Petty Cash
Cash-MDS Regular
1-01-01-020
1-01-04-040
100.00
100.00
To record grant of petty cash

12.)
Petty Cash
5-02-03-010
1-01-01-020
90.00
90.00
To record payment out of petty cash

13.)
Cash-MDS Regular
1-99-01-040
1-01-04-040
30.00
30.00
To record grant of cash advance for travel

14.)
Travelling Expenses
5-02-01-010
1-01-01-010
1-99-01-040
25.00
5.00
30.00
To record liquidation of cash advance for travel

15.)
Petty Cash
1-01-01-010
1-01-01-020
10.00
4-07-01-010
1-01-01-010
15.00
To record refund of excess petty cash

16.)
15.00
To record remittance of refunds to BTR
17.)
Petty Cash
Cash-MDS Regular
1-01-01-020
1-01-04-040
100.00
100.00
To record grant of petty cash to new accountable officer

19.)
Due to BIR
2-02-01-010
4-07-01-010
10,000.00
5-02-03-010
1-04-04-010
2,500.00
To record remittance of taxes thru TRA

20.)
2,500.00
To record issuance of ofice supplies
Credit
350,000.00
150,000.00
30,000.00
20,000.00
50,000.00
600,000.00
600,000.00
600,000.00
190,000.00
0.05
125,000.00
50,000.00
36,450.00
36,450.00
36,450.00
4,500.00
4,050.00
3,000.00
2,000.00
50,000.00
137,000.00
6,000.00
143,000.00
e Supplies
100.00
100.00
90.00
90.00
30.00
30.00
8%
4,000.00
5%
5%
5%
5%
250.00
500.00
150.00
6,250.00
5%
7,150.00
30.00
30.00
10.00
15.00
15.00
100.00
100.00
10,000.00
2,500.00
2,500.00
6,000.00
250.00
6,250.00

Gov Financial Report

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Gov Financial Report

Uploaded by

Copyright:

Available Formats

D-4 Statement of Cash Flow

Statement of Cash Flows

Cash Flow From Operating Activities:

D - 2 Statement of Financial Position

D-3 Statement of Chnages in Net Assets/Equity

Government Equity, Prior Years

D-1 Statement of Financial Performance

Subsidy Income from National Government

B.) Trial Balance

Unadjusted Trial Balance

Pre Closing - Trial Balance

A.) Journal entries to record the transactions

To record collection of various income

To record remittance to the Bureau of the Treasury

To record receipt of NCA from DBM

To record delivery of Office Equipment and Office Supplies on account

To record grant of cash advancefor payroll

To record grant of petty cash

To record payment out of petty cash

To record grant of cash advance for travel

To record liquidation of cash advance for travel

To record refund of excess petty cash

To record grant of petty cash to new accountable officer

To record remittance of taxes thru TRA

To record issuance of ofice supplies

C.) Adjusting Closing Entries

To set up depreciation expense of office equipment

Closing Entries - after Post-closing TB

To close income accounts to Income and Expenses Summary

Advances for Payroll

Advances to Officers and Employees

Due to Officers and Employees

Subsidy From National Government

Salaries and Wages - Regular

a. Journal entries to record the transactions

To record collection of various income

To record remittance to the Bureau of the Treasury

To record receipt of NCA from DBM

To record delivery of Office Equipment and Office Supplies on account

To record grant of cash advancefor payroll

To record grant of petty cash

To record payment out of petty cash

To record grant of cash advance for travel

To record liquidation of cash advance for travel

To record refund of excess petty cash

To record grant of petty cash to new accountable officer

To record remittance of taxes thru TRA

You might also like