Annex A THE REVISED CHART OF ACCOUNTS For Government Corporations A. CODING SCHEME 1. Codes are assigned to account groups to facilitate location of accounts in the general and subsidiary ledgers, to provide systematic arrangement and classification of accounts and facilitate preparation of the consolidated financial reports as follows: Code 1 2 3 4 5 Account Groups Assets Liabilities Equity Income Expenses 2. The account code structure consists of eight (8) mandatory digits as follows: 0 00 00 00 0 Account Group Major Account Group Sub-Major Account Group General Ledger Account General Ledger Contra-Account 2.1 Account Group represents the accounts classification as to assets, liabilities, equity, revenue/income and expenses. 2.2 Major account group classifies the account within an account group, e.g. for assets major accounts: cash and cash equivalents, investments, receivables, inventories, investment property, etc. 1 2.3 Sub-major account group further classifies the account within the major account group, e.g. for cash and cash equivalents: Cash on Hand, Cash in Bank-Local Currency, Cash in Bank-Foreign Currency, etc. 2.4 General ledger (GL) account represents the account to be presented in the detailed financial statements, e.g. Cash-Collecting Officer, Petty Cash, etc. This is composed of two (2) segments. The first two digits from left is the GL code and the last digit is reserved to indicate whether it is a contra account like, Allowance for Impairment, Accumulated Depreciation, etc. 2.5 Coding of assets with and without contra accounts shall be as follows: Asset without Contra Account Cash Collecting Officer 1 01 01 01 0 Asset Cash and Cash Equivalents Cash on Hand Cash-Collecting Officers General Ledger Contra-Accounts Asset with contra account Accounts Receivable 1 03 01 01 0 Asset Receivables Loans and Receivable Accounts Accounts Receivable General Ledger ContraAccounts 2 Contra-Account of Accounts Receivable Allowance for Impairment – Accounts Receivable Asset Receivables Loans and Receivable Accounts Accounts Receivable Allowance for Impairment – Accounts Receivable 3 1 03 01 01 1 B. LIST OF THE REVISED CHART OF ACCOUNTS For GOVERNMENT CORPORATIONS Covering Standards (PAS/PFRS/PPSAS) PAS 1, 7, 32, 39 PPSAS 1, 2, 28, 29 & 30 PAS 1, 7, 39, PFRS 9 PPSAS 1, 2, 28, 29 & 30 PAS 1, 7, 21, PPSAS 1, 2, 4, 33, 39, PFRS 7, 28, 29 & 30 9 PAS 1, 7, 21, PPSAS 1, 2, 32, 39, PFRS 9 28, 29 & 30 PAS 1, 32, 39, PPSAS 28, 29 PFRS 7, 9 & 30 PAS 1, 32, 39, PPSAS 28, 29 PFRS 7, 9 & 30 PAS 1, 27, 31, PPSAS 8 36 PAS 1, 27, 28, 31, 36 PAS 1, 27, 28, 31, 36 ACCOUNT TITLES and CODES 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 PPSAS 1, 28, 29 & 30 PAS 1, 32, 39, PPSAS 1, 28, IFRS 7, 9 29 & 30 1 1 1 1 1 ASSETS Assets 01 Cash and Cash Equivalents 01 01 Cash on Hand 01 01 010 Cash-Collecting Officers 01 01 020 Petty Cash 01 01 030 Local Currency on Hand 01 01 040 Foreign Currency on Hand 01 01 050 Checks and Other Cash Items 01 01 060 Treasury Fund Capital 01 02 Cash in Bank-Local Currency 01 02 010 Cash in Bank-Local Currency, Bangko Sentral ng Pilipinas 01 02 020 Cash in Bank-Local Currency, Current Account 01 02 030 Cash in Bank-Local Currency, Savings Account 01 02 050 Due from Bangko Sentral ng Pilipinas-Local Currency 01 02 060 Due from Other Banks-Local Currency 01 03 Cash in Bank-Foreign Currency 01 03 010 Cash in Bank-Foreign Currency, Bangko Sentral ng Pilipinas 01 03 020 Cash in Bank-Foreign Currency, Current Account 01 03 030 Cash in Bank-Foreign Currency, Savings Account 01 03 050 Due from Bangko Sentral ng Pilipinas-Foreign Currency 01 03 060 Due from Other Banks-Foreign Currency 01 04 Treasury/Agency Cash Accounts 01 04 040 Cash-Modified Disbursement System (MDS), Regular 01 05 Cash Equivalents 01 05 010 Treasury Bills 01 05 020 Time Deposits-Local Currency 01 05 030 Time Deposits-Foreign Currency 01 05 040 Treasury Bonds 01 05 050 Cash in Transit 02 Investments 02 01 Financial Assets at Fair Value Through Surplus/Profit or Deficit/Loss 02 01 010 Financial Assets Held for Trading 02 01 020 Financial Assets Designated at Fair Value Through Surplus/Profit or Deficit/Loss 02 01 030 Derivative Financial Assets Held for Trading 02 01 040 Derivative Financial Assets Designated at Fair Value Through Surplus/Profit or Deficit/Loss 02 02 Financial Assets-Held to Maturity 02 02 010 Investments in Treasury Bills-Local 02 02 011 Allowance for Impairment-Investments in Treasury Bills-Local 02 02 020 Investments in Treasury Bills-Foreign 02 02 021 Allowance for Impairment-Investments in Treasury Bills-Foreign 02 02 050 Investments in Bonds-Local 02 02 051 Allowance for Impairment-Investments in Bonds-Local 02 02 052 Premium on Investments in Bonds-Local 02 02 053 Discount on Investments in Bonds-Local 02 02 060 Investments in Bonds-Foreign 02 02 061 Allowance for Impairment-Investments in Bonds-Foreign 02 02 062 Premium on Investments in Bonds-Foreign 02 02 063 Discount on Investments in Bonds-Foreign 02 05 Investments in Joint Venture 02 05 010 Investments in Joint Venture 02 05 011 Allowance for Impairment-Investments in Joint Venture 02 06 Investments in Associates/Affiliates 02 06 010 Investments in Associates/Affiliates 02 06 011 Allowance for Impairment-Investments in Associates/Affiliates 02 07 Sinking Fund 02 07 010 Sinking Fund 02 08 Financial Assets-Available For Sale Securities 02 08 010 Available For Sale Securities 02 08 011 Allowance for Impairment-Available for Sale Securities 4 Covering Standards (PAS/PFRS/PPSAS) ACCOUNT TITLES and CODES PAS 1, 32, 39, PPSAS 1, 28, PFRS 7, PFRS 29 & 30 9 1 1 1 1 1 1 1 PAS 1, 27 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 PAS 1, 27, 28, PPSAS 1, 28, 31, 36 29 & 30 PAS 1, 17, 23, PPSAS 28, 29 32, 39, PFRS 9 & 30 PAS 17 PPSAS 13 02 09 Financial Assets-Domestic Investments 02 09 010 Domestic Securities 011 Allowance for Impairment-Domestic Securities 02 09 02 09 020 Domestic Securities Purchased Under Repurchase Agreement 02 09 021 Allowance for Impairment-Domestic Securities Purchased Under Repurchase Agreement 02 09 030 Due from Local Banks 02 09 031 Allowance for Impairment-Due from Local Banks 02 10 Investments in Subsidiaries 02 10 010 Investments in Subsidiaries 02 10 011 Allowance for Impairment-Investments in Subsidiaries 02 11 Investments in Time Deposits 02 11 010 Investments in Time Deposits-Local Currency 02 11 020 Investments in Time Deposits-Foreign Currency 02 99 Other Investments 02 99 010 Investments in Stocks 02 99 011 Allowance for Impairment-Investments in Stocks 02 99 020 Investments in Non-Marketable Securities 02 99 021 Allowance for Impairment-Investments in Non-Marketable Securities 02 99 990 Other Investments 02 99 991 Allowance for Impairment-Other Investments 03 Receivables 03 01 Loans and Receivable Accounts 03 01 010 Accounts Receivable 03 01 011 Allowance for Impairment-Accounts Receivable 03 01 020 Notes Receivable 03 01 021 Allowance for Impairment-Notes Receivable 03 01 040 Loans Receivable-Local Government Units 03 01 041 Allowance for Impairment-Loans Receivable-Local Government Units 03 01 050 Interests Receivable 03 01 051 Allowance for Impairment-Interests Receivable 03 01 060 Dividends Receivable 03 01 061 Allowance for Impairment-Dividends Receivable 03 01 070 Loans Receivable-Other Government Corporations 03 01 071 Allowance for Impairment-Loans Receivable-Other Government Corporations 03 01 080 Subrogated Claims Receivable 081 Allowance for Impairment-Subrogated Claims Receivable 03 01 03 01 090 Contributions and Premiums Receivable 091 Allowance for Impairment-Contributions and Premiums Receivable 03 01 03 01 100 Mortgage Contracts Receivable 03 01 101 Allowance for Impairment-Mortgage Contracts Receivable 03 01 110 Loans to BSP 03 01 111 Allowance for Impairment-Loans to BSP 120 Inter-bank Loans Receivable 03 01 121 Allowance for Impairment-Inter-bank Loans Receivable 03 01 03 01 130 Deficiency Claims Receivable 131 Allowance for Impairment-Deficiency Claims Receivable 03 01 03 01 140 Due from Reinsurer 03 01 141 Allowance for Impairment-Due from Reinsurer 03 01 150 Accrued Service Fee Receivable 03 01 151 Allowance for Impairment-Accrued Service Fee Receivable 03 01 160 Sales Contract Receivable 03 01 161 Allowance for Impairment-Sales Contract Receivable 03 01 162 Sales Contract Receivable-Discount 03 01 170 Reinsurance Receivable 03 01 171 Allowance for Impairment-Reinsurance Receivable 03 01 180 Due from Head Office/Branches/Agencies Abroad 03 01 181 Allowance for Impairment-Due from Head Office/Branches/Agencies Abroad 03 01 190 Receivership and Liquidation Receivable 03 01 191 Allowance for Impairment-Receivership and Liquidation Receivable 03 01 990 Loans Receivable-Others 03 01 991 Allowance for Impairment-Loans Receivable-Others 03 02 Lease Receivable 03 02 010 Operating Lease Receivable 03 02 011 Allowance for Impairment-Operating Lease Receivable 03 02 020 Finance Lease Receivable 03 02 021 Allowance for Impairment-Finance Lease Receivable 5 Covering Standards (PAS/PFRS/PPSAS) PPSAS 1 PAS 1, 2, 23 PPSAS 1, 12 ACCOUNT TITLES and CODES 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 03 03 Inter-Agency Receivables 03 03 010 Due from National Government Agencies 030 Due from Local Government Units 03 03 050 Due from Government Corporations 03 03 060 Due from Subsidiaries/Joint Ventures/Associates/Affiliates 03 03 070 Due from Parent Corporations 03 03 03 04 Intra-Agency Receivables 03 04 040 Due from Operating Units 03 04 050 Due from Other Funds 03 04 060 Due from Central Office/Home/Head Office 070 Due from Regional/Branch Offices 03 04 03 05 Other Receivables 03 05 010 Receivables-Disallowances/Charges 020 Due from Officers and Employees 03 05 030 Due from Non-Government Organizations/People's Organizations 03 05 03 05 040 Insurance Claims Receivable 03 05 041 Allowance for Impairment-Insurance Claims Receivable 03 05 050 Deficiency Judgment Receivable 03 05 051 Allowance for Impairment-Deficiency Judgment Receivable 03 05 060 Subscriptions Receivable 03 05 990 Other Receivables 991 Allowance for Impairment-Other Receivables 03 05 04 Inventories 04 01 Inventory Held for Sale 04 01 010 Merchandise Inventory 04 01 011 Allowance for Impairment-Merchandise Inventory 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 03 03 03 03 03 03 03 04 04 04 04 04 04 04 04 04 04 04 04 Inventory Held for Distribution 010 Food Supplies for Distribution 011 Allowance for Impairment-Food Supplies for Distribution 020 Welfare Goods for Distribution 021 Allowance for Impairment-Welfare Goods for Distribution 030 Drugs and Medicines for Distribution 031 Allowance for Impairment-Drugs and Medicines for Distribution 040 Medical, Dental and Laboratory Supplies for Distribution 041 Allowance for Impairment-Medical, Dental and Laboratory Supplies for Distribution 050 Agricultural and Marine Supplies for Distribution 051 Allowance for Impairment-Agricultural and Marine Supplies for Distribution 060 Agricultural Produce for Distribution 061 Allowance for Impairment-Agricultural Produce for Distribution 070 Textbooks and Instructional Materials for Distribution 071 Allowance for Impairment-Textbooks and Instructional Materials for Distribution 080 Construction Materials for Distribution 081 Allowance for Impairment-Construction Materials for Distribution 090 Property and Equipment for Distribution 091 Allowance for Impairment-Property and Equipment for Distribution 990 Other Supplies and Materials for Distribution 991 Allowance for Impairment-Other Supplies and Materials for Distribution Inventory Held for Manufacturing 010 Raw Materials Inventory 011 Allowance for Impairment-Raw Materials Inventory 020 Work-in-Process Inventory 021 Allowance for Impairment-Work-in-Process Inventory 030 Finished Goods Inventory 031 Allowance for Impairment-Finished Goods Inventory Inventory Held for Consumption 010 Office Supplies Inventory 011 Allowance for Impairment-Office Supplies Inventory 020 Accountable Forms, Plates and Stickers Inventory 021 Allowance for Impairment-Accountable Forms, Plates and Stickers Inventory 030 Non-Accountable Forms Inventory 031 Allowance for Impairment-Non-Accountable Forms Inventory 040 Animal/Zoological Supplies Inventory 041 Allowance for Impairment-Animal/Zoological Supplies Inventory 050 Food Supplies Inventory 051 Allowance for Impairment-Food Supplies Inventory 060 Drugs and Medicines Inventory 6 Covering Standards (PAS/PFRS/PPSAS) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 PAS 1 PAS 1, 17, 23, PPSAS 1,16 36 & 40 PAS 1, 16, 23, 36 ACCOUNT TITLES and CODES PPSAS 1, 17, 21 1 1 1 1 1 1 1 1 1 1 1 1 1 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 06 06 06 07 07 07 07 07 08 08 061 Allowance for Impairment-Drugs and Medicines Inventory 070 Medical, Dental and Laboratory Supplies Inventory 071 Allowance for Impairment-Medical, Dental and Laboratory Supplies Inventory 080 Fuel, Oil and Lubricants Inventory 081 Allowance for Impairment-Fuel, Oil and Lubricants Inventory 090 Agricultural and Marine Supplies Inventory 091 Allowance for Impairment-Agricultural and Marine Supplies Inventory 100 Textbooks and Instructional Materials Inventory 101 Allowance for Impairment-Textbooks and Instructional Materials Inventory 110 Military, Police and Traffic Supplies Inventory 111 Allowance for Impairment-Military, Police and Traffic Supplies Inventory 120 Chemical and Filtering Supplies Inventory 121 Allowance for Impairment-Chemical and Filtering Supplies Inventory 130 Construction Materials Inventory 131 Allowance for Impairment-Construction Materials Inventory 140 Currency Inventory 141 Allowance for Impairment-Currency Inventory 150 Demonetized Coins for Melting 151 Allowance for Impairment-Demonetized Coins for Melting 160 Information Materials Inventory 161 Allowance for Impairment-Information Materials Inventory 170 Linens and Beddings 171 Allowance for Impairment-Linens and Beddings 180 Play/Bet Slips and Thermal Rolls Supplies Inventories 181 Allowance for Impairment-Play/Bet Slips and Thermal Rolls Supplies Inventories 990 Other Supplies and Materials Inventory 991 Allowance for Impairment-Other Supplies and Materials Inventory Semi-Expendable Machinery and Equipment 010 Semi-Expendable Machinery 020 Semi-Expendable Office Equipment 030 Semi-Expendable Information and Communication Technology Equipment 040 Semi-Expendable Agricultural and Forestry Equipment 050. Semi-Expendable Marine and Fishery Equipment 060 Semi-Expendable Airport Equipment 070 Semi-Expendable Communication Equipment 080 Semi-Expendable Disaster Response and Rescue Equipment 090 Semi-Expendable Military, Police and Security Equipment 100 Semi-Expendable Medical Equipment 110 Semi-Expendable Printing Equipment 120 Semi-Expendable Sports Equipment 130 Semi-Expendable Technical and Scientific Equipment 140 Semi-Expendable Construction and Heavy Equipment 150 Semi-Expendable Gaming Equipment 190 Semi-Expendable Other Machinery and Equipment Semi–Expendable Furniture, Fixtures and Books 010 Semi-Expendable Furniture and Fixtures 020 Semi-Expendable Books Domestic Gold and Silver Inventory 010 Gold for Refining 020 Gold for Domestic Sales 030 Silver for Domestic Sales 040 Silver for Refining Plant Inventory 010 Plant Inventory 05 Investment Property 05 01 Land and Buildings 010 Investment Property, Land 05 01 011 Accumulated Impairment Losses-Investment Property, Land 05 01 020 Investment Property, Buildings 05 01 021 Accumulated Depreciation-Investment Property, Buildings 05 01 022 Accumulated Impairment Losses-Investment Property, Buildings 05 01 05 99 Construction in Progress 010 Construction in Progress-Investment Property, Buildings 05 99 06 Property, Plant and Equipment 06 01 Land 010 Land 06 01 01 011 Accumulated Impairment Losses-Land 06 7 Covering Standards (PAS/PFRS/PPSAS) PAS 1, 16, 36 PPSAS 1, 17, 21 PAS 1, 16, 36 PPSAS 1, 17, 21 PAS 1, 16, 36 PPSAS 1, 17, 21 ACCOUNT TITLES and CODES 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 02 02 02 02 02 02 02 02 02 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 04 Land Improvements 010 Land Improvements, Aquaculture Structures 011 Accumulated Depreciation-Land Improvements, Aquaculture Structures 012 Accumulated Impairment Losses-Land Improvements, Aquaculture Structures 020 Land Improvements, Reforestation Projects 021 Accumulated Impairment Losses-Land Improvements, Reforestation Projects 990 Other Land Improvements 991 Accumulated Depreciation-Other Land Improvements 992 Accumulated Impairment Losses-Other Land Improvements Infrastructure Assets 010 Road Networks 011 Accumulated Depreciation-Road Networks 012 Accumulated Impairment Losses-Road Networks 020 Flood Control Systems 021 Accumulated Depreciation-Flood Control Systems 022 Accumulated Impairment Losses-Flood Control Systems 030 Sewer Systems 031 Accumulated Depreciation-Sewer Systems 032 Accumulated Impairment Losses-Sewer Systems 040 Water Supply Systems 041 Accumulated Depreciation-Water Supply Systems 042 Accumulated Impairment Losses-Water Supply Systems 050 Power Supply Systems 051 Accumulated Depreciation-Power Supply Systems 052 Accumulated Impairment Losses-Power Supply Systems 060 Communication Networks 061 Accumulated Depreciation-Communication Networks 062 Accumulated Impairment Losses-Communication Networks 070 Seaport Systems 071 Accumulated Depreciation-Seaport Systems 072 Accumulated Impairment Losses-Seaport Systems 080 Airport Systems 081 Accumulated Depreciation-Airport Systems 082 Accumulated Impairment Losses-Airport Systems 090 Parks, Plazas and Monuments 091 Accumulated Depreciation-Parks, Plazas and Monuments 092 Accumulated Impairment Losses-Parks, Plazas and Monuments 100 Railway Systems 101 Accumulated Depreciation-Railway Systems 102 Accumulated Impairment Losses-Railway Systems 110 Plant-Utility Plant in Service (UPIS) 111 Accumulated Depreciation-Plant (UPIS) 112 Accumulated Impairment Losses-Plant (UPIS) 990 Other Infrastructure Assets 991 Accumulated Depreciation-Other Infrastructure Assets 992 Accumulated Impairment Losses-Other Infrastructure Assets Buildings and Other Structures 010 Buildings 011 Accumulated Depreciation-Buildings 012 Accumulated Impairment Losses-Buildings 020 School Buildings 021 Accumulated Depreciation-School Buildings 022 Accumulated Impairment Losses-School Buildings 030 Hospitals and Health Centers 031 Accumulated Depreciation-Hospitals and Health Centers 032 Accumulated Impairment Losses-Hospitals and Health Centers 040 Markets 041 Accumulated Depreciation-Markets 042 Accumulated Impairment Losses-Markets 050 Slaughterhouses 051 Accumulated Depreciation-Slaughterhouses 052 Accumulated Impairment Losses-Slaughterhouses 060 Hostels and Dormitories 061 Accumulated Depreciation-Hostels and Dormitories 062 Accumulated Impairment Losses-Hostels and Dormitories 070 Water Plant, Structure and Improvements 071 Accumulated Depreciation-Water Plant, Structure and Improvements 8 Covering Standards (PAS/PFRS/PPSAS) PAS 1, 16, 36 PPSAS 1, 17, 21 PAS 1, 16, 36 PPSAS 1, 17, 21 ACCOUNT TITLES and CODES 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 04 04 04 04 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 06 06 06 06 06 06 06 06 06 06 06 06 06 06 072 Accumulated Impairment Losses-Water Plant Structure and Improvements 990 Other Structures 991 Accumulated Depreciation-Other Structures 992 Accumulated Impairment Losses-Other Structures Machinery and Equipment 010 Machinery 011 Accumulated Depreciation-Machinery 012 Accumulated Impairment Losses-Machinery 020 Office Equipment 021 Accumulated Depreciation-Office Equipment 022 Accumulated Impairment Losses-Office Equipment 030 Information and Communication Technology Equipment 031 Accumulated Depreciation-Information and Communication Technology Equipment 032 Accumulated Impairment Losses-Information and Communication Technology Equipment 040 Agricultural and Forestry Equipment 041 Accumulated Depreciation-Agricultural and Forestry Equipment 042 Accumulated Impairment Losses-Agricultural and Forestry Equipment 050 Marine and Fishery Equipment 051 Accumulated Depreciation-Marine and Fishery Equipment 052 Accumulated Impairment Losses-Marine and Fishery Equipment 060 Airport Equipment 061 Accumulated Depreciation-Airport Equipment 062 Accumulated Impairment Losses-Airport Equipment 070 Communication Equipment 071 Accumulated Depreciation-Communication Equipment 072 Accumulated Impairment Losses-Communication Equipment 080 Construction and Heavy Equipment 081 Accumulated Depreciation-Construction and Heavy Equipment 082 Accumulated Impairment Losses-Construction and Heavy Equipment 090 Disaster Response and Rescue Equipment 091 Accumulated Depreciation-Disaster Response and Rescue Equipment 092 Accumulated Impairment Losses-Disaster Response and Rescue Equipment 100 Military, Police and Security Equipment 101 Accumulated Depreciation-Military, Police and Security Equipment 102 Accumulated Impairment Losses-Military, Police and Security Equipment 110 Medical Equipment 111 Accumulated Depreciation-Medical Equipment 112 Accumulated Impairment Losses-Medical Equipment 120 Printing Equipment 121 Accumulated Depreciation-Printing Equipment 122 Accumulated Impairment Losses-Printing Equipment 130 Sports Equipment 131 Accumulated Depreciation-Sports Equipment 132 Accumulated Impairment Losses-Sports Equipment 140 Technical and Scientific Equipment 141 Accumulated Depreciation-Technical and Scientific Equipment 142 Accumulated Impairment Losses-Technical and Scientific Equipment 150 Gaming Equipment 151 Accumulated Depreciation-Gaming Equipment 152 Accumulated Impairment Losses-Gaming Equipment 990 Other Equipment 991 Accumulated Depreciation-Other Equipment 992 Accumulated Impairment Losses-Other Equipment Transportation Equipment 010 Motor Vehicles 011 Accumulated Depreciation-Motor Vehicles 012 Accumulated Impairment Losses-Motor Vehicles 020 Trains 021 Accumulated Depreciation-Trains 022 Accumulated Impairment Losses-Trains 030 Aircrafts and Aircrafts Ground Equipment 031 Accumulated Depreciation-Aircrafts and Aircrafts Ground Equipment 032 Accumulated Impairment Losses-Aircrafts and Aircrafts Ground Equipment 040 Watercrafts 041 Accumulated Depreciation-Watercrafts 042 Accumulated Impairment Losses-Watercrafts 990 Other Transportation Equipment 9 Covering Standards (PAS/PFRS/PPSAS) PAS 1, 16, 36 PPSAS 1, 17, 21 PAS 1, 17, 36 PPSAS 1, 13 PAS 1, 17, 36 PPSAS 1, 13 PAS 16, 36, 17 PPSAS 17 ACCOUNT TITLES and CODES 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 06 07 07 07 07 07 07 07 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 08 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 991 Accumulated Depreciation-Other Transportation Equipment 992 Accumulated Impairment Losses-Other Transportation Equipment Furniture, Fixtures and Books 010 Furniture and Fixtures 011 Accumulated Depreciation-Furniture and Fixtures 012 Accumulated Impairment Losses-Furniture and Fixtures 020 Books 021 Accumulated Depreciation-Books 022 Accumulated Impairment Losses-Books Leased Assets 010 Leased Assets, Land 011 Accumulated Impairment Losses-Leased Assets, Land 020 Leased Assets, Buildings and Other Structures 021 Accumulated Depreciation-Leased Assets, Buildings and Other Structures 022 Accumulated Impairment Losses-Leased Assets, Buildings and Other Structures 030 Leased Assets, Machinery and Equipment 031 Accumulated Depreciation-Leased Assets, Machinery and Equipment 032 Accumulated Impairment Losses-Leased Assets, Machinery and Equipment 040 Leased Assets, Transportation Equipment 041 Accumulated Depreciation-Leased Assets, Transportation Equipment 042 Accumulated Impairment Losses-Leased Assets, Transportation Equipment 050 Leased Assets, Furniture and Fixtures 051 Accumulated Depreciation-Leased Assets, Furniture and Fixtures 052 Accumulated Impairment Losses-Leased Assets, Furniture and Fixtures 990 Other Leased Assets 991 Accumulated Depreciation-Other Leased Assets 992 Accumulated Impairment Losses-Other Leased Assets Leased Assets Improvements 010 Leased Assets Improvements, Land 011 Accumulated Depreciation-Leased Assets Improvements, Land 012 Accumulated Impairment Losses-Leased Assets Improvements, Land 020 Leased Assets Improvements, Buildings 021 Accumulated Depreciation-Leased Assets Improvements, Buildings 022 Accumulated Impairment Losses-Leased Assets Improvements, Buildings 990 Other Leased Assets Improvements 991 Accumulated Depreciation-Other Leased Assets Improvements 992 Accumulated Impairment Losses-Other Leased Assets Improvements Heritage Assets 010 Historical Buildings 011 Accumulated Depreciation-Historical Buildings 012 Accumulated Impairment Losses-Historical Buildings 020 Works of Arts and Archeological Specimens 021 Accumulated Depreciation-Works of Arts and Archeological Specimens 022 Accumulated Impairment Losses-Works of Arts and Archeological Specimens 990 Other Heritage Assets 991 Accumulated Depreciation-Other Heritage Assets 992 Accumulated Impairment Losses-Other Heritage Assets Service Concession-Tangible Assets 010 Service Concession-Road Networks 011 Accumulated Depreciation-Service Concession-Road Networks 012 Accumulated Impairment Losses-Service Concession-Road Networks 020 Service Concession-Flood Control Systems 021 Accumulated Depreciation-Service Concession-Flood Control Systems 022 Accumulated Impairment Losses-Service Concession-Flood Control Systems 030 Service Concession-Sewer Systems 031 Accumulated Depreciation-Service Concession-Sewer Systems 032 Accumulated Impairment Losses-Service Concession-Sewer Systems 040 Service Concession-Water Supply Systems 041 Accumulated Depreciation-Service Concession-Water Supply Systems 042 Accumulated Impairment Losses-Service Concession-Water Supply 050 Service Concession-Power Supply Systems 051 Accumulated Depreciation-Service Concession-Power Supply Systems 052 Accumulated Impairment Losses-Service Concession-Power Supply Systems 060 Service Concession-Communication Networks 061 Accumulated Depreciation-Service Concession Communication Networks 062 Accumulated Impairment Losses-Service Concession-Communication Networks 070 Service Concession-Seaport Systems 10 Covering Standards (PAS/PFRS/PPSAS) PAS 1,16, 36, PFRS 6 PPSAS 1 PAS 1, 41 PPSAS 1, 17 PAS 1, 16, 36 PPSAS 1, 17 PAS 1, 16, 36, 17 PAS 1, 16, 36 PPSAS 1, 13, 17 PPSAS 1, 27 ACCOUNT TITLES and CODES 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 071 Accumulated Depreciation-Service Concession-Seaport Systems 06 11 072 Accumulated Impairment Losses-Service Concession-Seaport Systems 06 11 080 Service Concession-Airport Systems 06 11 081 Accumulated Depreciation-Service Concession-Airport Systems 06 11 082 Accumulated Impairment Losses-Service Concession-Airport Systems 06 11 090 Service Concession-Parks, Plazas and Monuments 06 11 091 Accumulated Depreciation-Service Concession Parks, Plazas and Monuments 06 11 092 Accumulated Impairment Losses-Service Concession-Parks, Plazas and Monuments 06 11 110 Service Concession-Railway Systems 06 11 111 Accumulated Depreciation-Railway Systems 06 11 112 Accumulated Impairment Losses-Railway Systems 06 11 120 Service Concession-Buildings and Other Structures 06 11 11 121 Accumulated Depreciation-Service Concession-Buildings and Other Structures 06 122 Accumulated Impairment Losses-Service Concession-Buildings and Other Structures 06 11 130 Service Concession-Machinery and Equipment 06 11 131 Accumulated Depreciation-Service Concession-Machinery and Equipment 06 11 11 132 Accumulated Impairment Losses-Service Concession-Machinery and Equipment 06 140 Service Concession-Transportation Equipment 06 11 141 Accumulated Depreciation-Service Concession-Transportation Equipment 06 11 142 Accumulated Impairment Losses-Service Concession-Transportation Equipment 06 11 150 Service Concession-Furniture, Fixtures and Books 06 11 151 Accumulated Depreciation-Service Concession-Furniture, Fixtures and Books 06 11 152 Accumulated Impairment Losses-Service Concession-Furniture, Fixtures and Books 06 11 160 Service Concession-Land 06 11 161 Accumulated Impairment Losses-Service Concession-Land 06 11 990 Other Service Concession Assets 06 11 991 Accumulated Depreciation-Other Service Concession Assets 06 11 992 Accumulated Impairment Losses-Other Service Concession Assets 06 11 06 12 Exploration and Evaluation Assets 010 Underground Tunnel 06 12 011 Accumulated Depreciation-Underground Tunnel 06 12 012 Accumulated Impairment Losses-Underground Tunnel 06 12 020 Mining Equipment 06 12 021 Accumulated Depreciation-Mining Equipment 06 12 022 Accumulated Impairment Losses-Mining Equipment 06 12 990 Other Exploration and Evaluation Assets 06 12 991 Accumulated Depreciation-Other Exploration and Evaluation Assets 06 12 12 992 Accumulated Impairment Losses-Other Exploration and Evaluation Assets 06 06 13 Bearer Trees, Plants and Crops 010 Bearer Trees, Plants and Crops 06 13 011 Accumulated Impairment Losses-Bearer Trees, Plants and Crops 06 13 98 Other Property, Plant and Equipment 06 010 Work/Zoo Animals 06 98 011 Accumulated Depreciation-Work/Zoo Animals 06 98 012 Accumulated Impairment Losses-Work/Zoo Animals 06 98 990 Other Property, Plant and Equipment 06 98 991 Accumulated Depreciation-Other Property, Plant and Equipment 06 98 992 Accumulated Impairment Losses-Other Property, Plant and Equipment 06 98 06 99 Construction in Progress 010 Construction in Progress-Land Improvements 06 99 020 Construction in Progress-Infrastructure Assets 06 99 030 Construction in Progress-Buildings and Other Structures 06 99 040 Construction in Progress-Leased Assets 06 99 050 Construction in Progress-Leased Assets Improvements 06 99 060 Construction in Progress-Furniture and Fixtures 06 99 07 Biological Assets 07 01 Bearer Biological Assets 07 01 010 Breeding Stocks 07 01 011 Accumulated Impairment Losses-Breeding Stocks 07 01 012 Accumulated Depreciation - Breeding Stocks 07 01 020 Livestock 07 01 021 Accumulated Impairment Losses-Livestock 07 01 022 Accumulated Depreciation - Livestock 07 01 030 Trees, Plants and Crops 07 01 031 Accumulated Impairment Losses-Trees, Plants and Crops 07 01 032 Accumulated Depreciation-Trees, Plants and Crops 07 01 040 Aquaculture 11 Covering Standards (PAS/PFRS/PPSAS) PAS 1, 23, 36, PPSAS 1, 31 38 PAS 1 PAS 1 ACCOUNT TITLES and CODES 07 07 07 07 07 07 07 07 07 07 01 01 01 01 01 02 02 02 02 02 1 1 07 07 02 02 1 1 1 1 040 Aquaculture Held for Consumption/Sale/Distribution 07 02 041 Accumulated Impairment Losses-Aquaculture Held for Consumption/Sale/Distribution 07 02 990 Other Consumable Biological Assets 07 02 991 Accumulated Impairment Losses-Other Consumable Biological Assets 07 02 08 Intangible Assets 08 01 Intangible Assets 010 Patents/Copyrights 08 01 011 Accumulated Amortization-Patents/Copyrights 08 01 01 012 Accumulated Impairment Losses-Patents/Copyrights 08 020 Computer Software 08 01 021 Accumulated Amortization-Computer Software 08 01 022 Accumulated Impairment Losses-Computer Software 08 01 030 Websites 08 01 031 Accumulated Amortization-Websites 08 01 032 Accumulated Impairment Losses-Websites 08 01 040 Goodwill 08 01 041 Accumulated Impairment Losses-Goodwill 08 01 980 Other Intangible Assets 08 01 981 Accumulated Amortization-Other Intangible Assets 08 01 982 Accumulated Impairment Losses-Other Intangible Assets 08 01 08 02 Service Concession-Intangible Assets 010 Service Concession-Intangible Assets 08 02 011 Accumulated Amortization-Service Concession-Intangible Assets 08 02 012 Accumulated Impairment Losses-Service Concession-Intangible Assets 08 02 08 99 Development in Progress 010 Development in Progress-Patents/Copyrights 08 99 020 Development in Progress-Computer Software 08 99 030 Development in Progress-Websites 08 99 980 Development in Progress-Other Intangible Assets 08 99 09 International Reserves 09 01 International Reserves 09 01 010 Due from Foreign Banks-Demand Deposits 020 Foreign Currency on Hand 09 01 01 09 030 Foreign Currency in Transit 040 Foreign Investments 09 01 050 Gold with Foreign Financial Institutions 09 01 060 Accrued Interest Paid on Foreign Securities Purchased 09 01 09 01 070 Holdings of Special Drawing Rights 10 Non-International Reserves Foreign Assets 10 01 Foreign Exchange Receivables 10 01 010 Foreign Exchange Receivables 10 02 Due from Foreign Banks-Special Accounts 10 02 010 Due from Foreign Banks-Special Accounts 10 03 Investments in Other Foreign Exchange Denominated Securities 10 03 010 Investments in Other Foreign Exchange Denominated Securities 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 PFRS 5 041 Accumulated Impairment Losses-Aquaculture 042 Accumulated Depreciation-Aquaculture 990 Other Bearer Biological Assets 991 Accumulated Impairment Losses-Other Bearer Biological Assets 992 Accumulated Depreciation-Other Bearer Biological Assets Consumable Biological Assets 010 Livestock Held for Consumption/Sale/Distribution 011 Accumulated Impairment Losses-Livestock Held for Consumption/Sale/Distribution 020 Trees, Plants and Crops Held for Consumption/Sale/Distribution 021 Accumulated Impairment Losses-Trees, Plants and Crops Held for Consumption/Sale/Distribution 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 030 Agricultural Produce Held for Consumption/Sale/Distribution 031 Accumulated Impairment Losses-Agricultural Produce Held for Consumption/Sale/Distribution 11 Non-Current Assets Held for Sale 11 01 Non-Current Assets Held for Sale 010 Non-Current Assets Held for Sale 11 01 011 Accumulated Impairment Losses-Non-Current Assets Held for Sale 11 01 12 Deferred Tax Assets 12 01 Deferred Tax Assets 12 01 010 Deferred Tax Assets 12 Covering Standards (PAS/PFRS/PPSAS) ACCOUNT TITLES and CODES PAS 1 PPSAS 1 1 1 1 1 1 1 PAS 1 PPSAS 1 1 1 1 1 1 1 1 1 1 1 99 Other Assets 99 01 Advances 99 01 010 Advances for Operating Expenses 99 01 020 Advances for Payroll 99 01 030 Advances to Special Disbursing Officer 99 01 040 Advances to Officers and Employees 99 02 Prepayments 99 02 010 Advances to Contractors 99 02 020 Prepaid Rent 99 02 030 Prepaid Registration 99 02 040 Prepaid Interest 99 02 050 Prepaid Insurance 99 02 060 Input Tax 99 02 070 Creditable Input Tax 99 02 080 Withholding Tax at Source 99 02 990 Other Prepayments 1 1 1 1 99 99 99 99 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 PAS 1 PPSAS 1 03 03 03 03 04 04 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 Deposits 010 Deposit on Letters of Credit 020 Guaranty Deposits 990 Other Deposits Restricted Fund 010 Restricted Fund Other Assets 020 Foreclosed Property/Assets 021 Accumulated Impairment Losses-Foreclosed Property/Assets 030 Forfeited Property/Assets 031 Accumulated Impairment Losses-Forfeited Property/Assets 040 Confiscated Property/Assets 041 Accumulated Impairment Losses-Confiscated Property/Assets 050 Abandoned/Surrendered Property/Assets 051 Accumulated Impairment Losses-Abandoned/Surrendered Property/Assets 060 Demonetized Commemorative Coins 070 Commemorative Notes and Coins 080 Deferred Charges/Losses 090 Items Under Litigation 990 Other Assets 991 Accumulated Impairment Losses-Other Assets LIABILITIES PAS 1, 32, 39, PPSAS 1, 28, PFRS 7, 9 29, 30 PAS 1, 32, 39, PPSAS 1, 28, PFRS 7, 9 29, 30 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 Liabilities 01 Financial Liabilities 01 01 Payables 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 01 02 02 02 02 02 02 02 02 02 02 02 02 02 010 Accounts Payable 020 Due to Officers and Employees 040 Notes Payable 050 Interest Payable 060 Operating Lease Payable 070 Finance Lease Payable 080 Awards and Rewards Payable 090 Service Concession Arrangements Payable 100 Accrued Benefits Payable 110 Insurance/Reinsurance Premium Payable Bills/Bonds/Loans Payable 010 Treasury Bills Payable 020 Bonds Payable-Domestic 021 Discount on Bonds Payable-Domestic 022 Premium on Bonds Payable-Domestic 023 Bond Issue Cost-Domestic 030 Bonds Payable-Foreign 031 Discount on Bonds Payable-Foreign 032 Premium on Bonds Payable-Foreign 033 Bond Issue Cost-Foreign 040 Loans Payable-Domestic 050 Loans Payable-Foreign 060 Bills Payable-Bangko Sentral ng Pilipinas 13 Covering Standards (PAS/PFRS/PPSAS) ACCOUNT TITLES and CODES 2 2 2 2 2 PAS 1, 32, 39, PPSAS 1, 28, PFRS 7, 9 29, 30 PAS 1, 32, 39, PPSAS 1, 28, PFRS 7, 9 29, 30 PAS 1, PAS 12 PPSAS 1, 23 PAS 1, 18 PPSAS 1, 23 PAS 1, 18 PPSAS 1, 23 PAS 1, 37 PPSAS 1, 19 01 01 01 01 01 2 01 2 01 2 01 2 01 2 01 2L b01 l 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 02 02 02 03 03 070 Redeemable Preferred Shares 080 Term Loan Facility 990 Other Bills/Bonds/Loans Payable Tax Refunds Payable 010 Tax Refunds Payable 04 Financial Liabilities Designated at Fair Value through Surplus/Profit or Deficit/Loss 04 010 Financial Liability Designated at Fair Value through Surplus/Profit or Deficit/Loss 05 Financial Liabilities Held for Trading 05 010 Derivatives Financial Liability with Negative Fair Value Held for Trading 05 020 Liability for Short Position 06 A ociated with Transferred Assets 06 010 Financial Liabilities Associated with Transferred Assets 07 Domestic Securities Sold Under Repurchase Agreements 07 010 Domestic Securities Sold Under Repurchase Agreements 08 Unsecured Subordinated Debt 08 010 Unsecured Subordinated Debt 08 011 Unamortized Unsecured Subordinated Debt Discount 08 012 Unamortized Unsecured Subordinated Debt Premium 99 Other Financial Liabilities 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 01 99 990 Other Financial Liabilities 02 Inter-Agency Payables 02 01 Inter-Agency Payables 02 01 010 Due to BIR 02 01 020 Due to GSIS 02 01 030 Due to Pag-IBIG 02 01 040 Due to PhilHealth 02 01 050 Due to NGAs 02 01 060 Due to Government Corporations 02 01 070 Due to LGUs 02 01 080 Due to Subsidiaries/Joint Venture/Associates/Affiliates 02 01 090 Due to Treasurer of the Philippines 02 01 100 Due to Parent Corporations 02 01 110 Due to SSS 02 01 120 Value Added Tax Payable 02 01 130 Income Tax Payable 02 02 Due to BSP/Other Banks/Others 02 02 010 Due to BSP 02 02 020 Due to Resident Banks-Clearing Accounts 02 02 030 Due to Non-Resident Banks-Working Capital 02 02 040 Due to Foreign Currency Deposit Unit /Regional Banking Units 02 02 050 Interbank Loans Payable 02 02 060 Due to International Monetary Fund 02 02 070 Allocation of Special Drawing Rights 02 02 080 Due to Philippine Deposit Insurance Corporation 02 02 090 Due to Philippine Crop Insurance Corporation 02 02 100 Due to Head Office/Branches/Agencies Abroad 02 02 990 Others 03 Intra-Agency Payables 03 01 Intra-Agency Payables 03 01 040 Due to Operating Units 03 01 050 Due to Other Funds 03 01 060 Due to Central/Home/Head Office 03 01 070 Due to Regional/Branch Offices 04 Trust Liabilities 04 01 Trust Liabilities 04 01 010 Trust Liabilities 04 01 020 Trust Liabilities-Disaster Risk Reduction and Management Fund 04 01 030 Bail Bonds Payable 04 01 040 Guaranty/Security Deposits Payable 04 01 050 Customers' Deposits Payable 04 01 060 Margin Deposits 04 01 070 Deposit from Prospective Investors 2 2 2 05 Deferred Credits/Unearned Income 05 01 Deferred Credits 05 01 010 Deferred Finance Lease Revenue 14 Covering Standards (PAS/PFRS/PPSAS) PAS 1, 26, 19, PPSAS 1, 19 37 PAS 1 PPAS 1 PAS 1 PPSAS 1 PAS 1, 8 PPSAS 1 PAS 1, 16, 36 PPSAS 1 ACCOUNT TITLES and CODES 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 05 05 05 05 05 05 05 05 05 06 06 06 06 06 06 06 06 07 07 07 08 08 08 08 08 08 08 08 08 08 08 08 08 08 09 09 09 99 99 99 99 99 99 99 99 2 2 2 2 2 2 2 2 99 99 99 99 99 99 99 99 3 3 3 3 3 3 3 3 3 01 020 Deferred Service Concession Revenue 01 030 Output Tax 01 990 Other Deferred Credits 02 Unearned Revenue/Income 02 010 Unearned Revenue/Income-Investment Property 02 020 Unearned Tax Subsidy 02 030 Commitment Contribution 02 040 Reserve for Unearned Premiums 02 990 Other Unearned Revenue/Income Provisions 01 Provisions 01 010 Pension Benefits Payable 01 020 Leave Benefits Payable 01 030 Retirement Gratuity Payable 01 040 Provision for Product Warranty 01 050 Provision for Environmental Damages 01 990 Other Provisions Currency Issued 01 Currency Issued 01 010 Currency Issued Deposit Liabilities 01 Deposit Liabilities 01 010 Foreign Currency Deposits 01 020 International Financial Institutions 01 030 Demand Deposit-Reserves 01 040 Demand Deposit 01 050 Demand Deposit-Others 01 060 Savings Deposit 01 070 Fixed-term Deposit 01 080 Withdrawal in Progress 01 090 Negotiable Order of Withdrawal Accounts 01 100 Time Certificates of Deposit 01 110 Long-term Negotiable Certificates of Deposit 01 120 Special Deposit Account Deferred Tax Liabilities 01 Deferred Tax Liabilities 01 010 Deferred Tax Liabilities Other Payables 99 Other Payables 99 010 Special Time Deposit 99 020 Treasurer/Cashier/Manager's Check 99 030 Payment Order Payable 99 040 Undistributed Collections 99 050 Unclaimed Balances 99 060 Loans by Regional Banking Units from Foreign Currency Deposit Unit/Expanded Foreign Currency Deposit Unit 99 070 Liability for Letters of Credit 99 080 Outstanding Acceptances Executed by or for Account of the Bank 99 090 Dividends Payable 99 100 Servicing Liabilities 99 110 Insured Deposit Claims Payable 99 120 Return Premiums Payable 99 130 No Claim Bonus Payable 99 990 Other Payables EQUITY Equity 01 Government Equity 01 01 Government Equity 01 01 010 Accumulated Surplus/(Deficit) 01 01 020 Government Equity 01 01 030 Contributed Capital 02 Revaluation Surplus 02 01 Revaluation Surplus 02 01 010 Revaluation Surplus 15 Covering Standards (PAS/PFRS/PPSAS) ACCOUNT TITLES and CODES 3 3 3 PAS 1, 31, PFRS 11 PPSAS 1, 8 PAS 1, 28, 31 PPSAS 1 PAS 1, 8, 33 PAS 1, 21 PPSAS 1 PPSAS 1 PAS 1, 36, 32, PPSAS 1, 28, 39, PFRS 7, 9 29, 30 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 03 03 03 04 04 04 06 06 06 07 07 07 08 08 08 08 08 08 08 08 08 08 Intermediate Accounts 01 Intermediate Accounts 01 020 Revenue/Income and Expense Summary Equity in Joint Venture 01 Equity in Joint Venture 01 010 Equity in Joint Venture Equity in Associates/Affiliates 01 Equity in Associates/Affiliates 01 010 Equity in Associates/Affiliates Retained Earnings/(Deficit) 01 Retained Earnings/(Deficit) 01 010 Retained Earnings/(Deficit) Stockholders' Equity 01 Stockholders' Equity 01 010 Share Capital 01 020 Share Premium 01 030 Subscribed Share Capital 01 040 Treasury Shares 01 050 Stock Dividend Distributable 01 060 Equity Component of Compound Financial Instruments 01 070 Minority Interests in Subsidiaries 01 990 Other Equity Instruments 09 Cumulative Translation Adjustment 09 01 Cumulative Translation Adjustment 09 01 010 Cumulative Translation Adjustment 10 Cumulative Changes in Fair Value 10 01 Cumulative Changes in Fair Value 10 01 010 Cumulative Changes in Fair Value of Investments REVENUES AND EXPENSES PAS 1,18 PPSAS 1, 23 PAS 1, 18 PPSAS 1, 9 PAS 1, 18 PPSAS 1, 9 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 Revenue 01 Tax Revenue 01 01 Tax Revenue-Individual and Corporation 01 01 030 Travel Tax 02 Service and Business Income 02 01 Service Income 02 01 010 Permit Fees 02 01 020 Registration Fees 02 01 030 Registration Plates, Tags and Stickers Fees 02 01 040 Clearance and Certification Fees 02 01 050 Franchising Fees 02 01 060 Licensing Fees 02 01 070 Supervision and Regulation Enforcement Fees 02 01 080 Spectrum Usage Fees 02 01 090 Legal Fees 02 01 100 Inspection Fees 02 01 110 Verification and Authentication Fees 02 01 120 Passport, Visa and Application Fees 02 01 130 Processing Fees 02 01 140 Fines and Penalties-Service Income 02 01 150 Mail Services Revenue 02 01 151 Discounts on Mailing Services 02 01 160 Postal Payment Service Revenue 02 01 170 Fees and Commissions Income 02 01 180 Consultancy Fees 02 01 190 Participation Fees 02 01 200 Research Fees 02 01 210 Accreditation Fees 02 01 220 Cancellation Fees 02 01 990 Other Service Income 02 02 Business Income 02 02 010 School Fees 02 02 020 Affiliation Fees 02 02 030 Examination Fees 02 02 040 Seminar/Training Fees 16 Covering Standards (PAS/PFRS/PPSAS) PPSAS 23 PAS 1,18 PPSAS 1, 23 PAS 1, 21 PPSAS 1, 9, 4 PAS 18 ACCOUNT TITLES and CODES 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 02 02 050 Rent/Lease Income 02 02 060 Communication Network Fees 02 02 070 Transportation System Fees 02 02 080 Road Network Fees 02 02 090 Waterworks System Fees 02 02 100 Power Supply System Fees 02 02 110 Seaport System Fees 02 02 120 Landing and Parking Fees 02 02 130 Income from Hostels/Dormitories and Other Like Facilities 02 02 140 Slaughterhouse Operation 02 02 150 Income from Printing and Publication 02 02 160 Sales Revenue 02 02 161 Sales Discounts 02 02 170 Hospital Fees 02 02 171 Hospital Discounts, Allowances and Free Services 02 02 180 Guarantee Income 02 02 190 Fidelity Insurance Income 02 02 200 Dividend Income 02 02 210 Interest Income 02 02 220 Share in the Profit//Revenue of Joint Venture 02 02 230 Fines and Penalties-Business Income 02 02 250 Insurance/Reinsurance Premium 02 02 251 Insurance/Reinsurance Premium Discount 02 02 252 Returns and Cancellations of Insurance/Reinsurance Premiums 02 02 253 Insurance/Reinsurance Premium Reserves 02 02 260 Income from Acquired/Foreclosed Assets 02 02 270 Members' Contribution 02 02 280 Share in the Profit/Revenue of Associates/Affiliates 02 02 290 Demurrage Revenue 02 02 300 Income from Gaming Operations 02 02 310 Unclaimed Prizes 02 02 320 Royalty Fees 02 02 330 Assessment Income 02 02 340 Management Fees 02 02 350 Visitorial Fees 02 02 360 Admission Fees 02 02 370 Annual Fees 02 02 990 Other Business Income 03 Assistance and Subsidy 03 01 Assistance and Subsidy 03 01 010 Subsidy from National Government 03 01 020 Subsidy from Other National Government Agencies 03 01 030 Assistance from Local Government Units 03 01 040 Assistance from Government Corporations 03 01 050 Subsidy from Other Funds 03 01 060 Subsidy from Central Office 03 01 070 Subsidy from Regional Office/Staff Bureau 04 Shares, Grants and Donations 04 01 Shares 04 01 010 Share from National Wealth 04 01 020 Share from PAGCOR/PCSO 04 01 030 Share from Earnings of Government Corporations 04 02 Grants and Donations 04 02 010 Income from Grants and Donations in Cash 04 02 020 Income from Grants and Donations in Kind 05 Gains 05 01 Gains 05 01 010 Gain on Foreign Exchange (FOREX) 05 01 020 Gain on Sale/Redemption/Transfer of Investments 05 01 030 Gain on Sale of Investment Property 05 01 040 Gain on Sale of Property, Plant and Equipment 05 01 050 Gain on Initial Recognition of Biological Assets 05 01 060 Gain on Sale of Biological Assets 05 01 070 Gain from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Physical Change 05 01 080 Gain from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Price Change 05 01 090 Gain on Sale of Agricultural Produce 05 01 100 Gain on Sale of Intangible Assets 17 Covering Standards (PAS/PFRS/PPSAS) PPSAS 9 PAS 1, 19 PPSAS 1 PAS 1 PPSAS 1 PAS 1 PPSAS 1 PAS 1 PPSAS 1 ACCOUNT TITLES and CODES 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 05 01 110 Gain from Changes in Fair Value of Financial Instruments 05 01 120 Gain on Initial Recognition of Agricultural Produce 05 01 130 Gain on Sale/Redemption/Transfer of Financial Liabilities 05 01 140 Gain from Fair Value Adjustment in Hedge Accounting 05 01 150 Gain on Securitization 05 01 160 Gain from Changes in Fair Value of Investment Property 05 01 990 Other Gains 06 Other Non-Operating Income 06 01 Sale of Assets 06 01 010 Sale of Garnished/Confiscated/Abandoned/Seized Goods and Property 06 01 020 Sale of Unserviceable Property 06 02 Reversal of Impairment Loss 06 02 010 Reversal of Impairment Loss 06 03 Miscellaneous Income 06 03 010 Proceeds from Insurance/Indemnities 06 03 990 Miscellaneous Income Expenses 01 Personnel Services 01 01 Salaries and Wages 01 01 010 Salaries and Wages-Regular 01 01 020 Salaries and Wages-Casual/Contractual 01 02 Other Compensation 01 02 010 Personnel Economic Relief Allowance (PERA) 01 02 020 Representation Allowance (RA) 01 02 030 Transportation Allowance (TA) 01 02 040 Clothing/Uniform Allowance 01 02 050 Subsistence Allowance 01 02 060 Laundry Allowance 01 02 070 Quarters Allowance 01 02 080 Productivity Incentive Allowance 01 02 090 Overseas Allowance 01 02 100 Honoraria 01 02 110 Hazard Pay 01 02 120 Longevity Pay 01 02 130 Overtime and Night Pay 01 02 140 Year End Bonus 01 02 150 Cash Gift 01 02 990 Other Bonuses and Allowances 01 03 Personnel Benefit Contributions 01 03 010 Retirement and Life Insurance Premiums 01 03 020 Pag-IBIG Contributions 01 03 030 PhilHealth Contributions 01 03 040 Employees Compensation Insurance Premiums 01 03 050 Provident/Welfare Fund Contributions 01 04 Other Personnel Benefits 01 04 010 Pension Benefits 01 04 020 Retirement Gratuity 01 04 030 Terminal Leave Benefits 01 04 990 Other Personnel Benefits 02 Maintenance and Other Operating Expenses 02 01 Traveling Expenses 02 01 010 Traveling Expenses-Local 02 01 020 Traveling Expenses-Foreign 02 02 Training and Scholarship Expenses 02 02 010 Training Expenses 02 02 020 Scholarship Grants/Expenses 02 03 Supplies and Materials Expenses 02 03 010 Office Supplies Expenses 02 03 020 Accountable Forms Expenses 02 03 030 Non-Accountable Forms Expenses 02 03 040 Animal/Zoological Supplies Expenses 02 03 050 Food Supplies Expenses 02 03 060 Welfare Goods Expenses 02 03 070 Drugs and Medicines Expenses 02 03 080 Medical, Dental and Laboratory Supplies Expenses 02 03 090 Fuel, Oil and Lubricants Expenses 02 03 100 Agricultural and Marine Supplies Expenses 18 Covering Standards (PAS/PFRS/PPSAS) PAS 1 PPSAS 1 PAS 1 PPSAS 1 PAS 1 PPSAS 1, 31 PAS 1, 16 PPSAS 1, 17 PAS 1, 16 PPSAS 1, 17 PAS 1 PPSAS 1 PAS 1 PPSAS 1 PAS 1 PPSAS 1 PAS 1, 36, 40 PPSAS 16, 17 ACCOUNT TITLES and CODES 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 02 03 03 03 03 03 03 03 04 04 04 04 04 05 05 05 05 05 06 06 06 06 07 07 07 08 08 08 09 09 10 10 10 10 11 11 11 11 11 12 12 12 12 12 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 14 14 14 14 14 14 14 14 110 Textbooks and Instructional Materials Expenses 120 Military, Police and Traffic Supplies Expenses 130 Chemical and Filtering Supplies Expenses 140 Linens and Beddings Expenses 210 Semi-Expendable Machinery and Equipment Expenses 220 Semi-Expendable Furniture, Fixtures and Books Expenses 990 Other Supplies and Materials Expenses Utility Expenses 010 Water Expenses 020 Electricity Expenses 030 Gas/Heating Expenses 990 Other Utility Expenses Communication Expenses 010 Postage and Courier Services 020 Telephone Expenses 030 Internet Subscription Expenses 040 Cable, Satellite, Telegraph and Radio Expenses Awards/Rewards, Prizes and Indemnities 010 Awards/Rewards Expenses 020 Prizes 030 Indemnities Survey, Research, Exploration and Development Expenses 010 Survey Expenses 020 Research, Exploration and Development Expenses Demolition/Relocation and Desilting/Drilling/Dredging Expenses 010 Demolition and Relocation Expenses 020 Desilting, Drilling and Dredging Expenses Generation, Transmission and Distribution Expenses 010 Generation, Transmission and Distribution Expenses Confidential, Intelligence and Extraordinary Expenses 010 Confidential Expenses 020 Intelligence Expenses 030 Extraordinary and Miscellaneous Expenses Professional Services 010 Legal Services 020 Auditing Services 030 Consultancy Services 990 Other Professional Services General Services 010 Environment/Sanitary Services 020 Janitorial Services 030 Security Services 990 Other General Services Repairs and Maintenance 010 Repairs and Maintenance-Investment Property 020 Repairs and Maintenance-Land Improvements 030 Repairs and Maintenance-Infrastructure Assets 040 Repairs and Maintenance-Buildings and Other Structures 050 Repairs and Maintenance-Machinery and Equipment 060 Repairs and Maintenance-Transportation Equipment 070 Repairs and Maintenance-Furniture and Fixtures 080 Repairs and Maintenance-Leased Assets 090 Repairs and Maintenance-Leased Assets Improvements 100 Restoration and Maintenance-Heritage Assets 110 Repairs and Maintenance-Service Concession Assets 120 Repairs and Maintenance-Exploration and Evaluation Assets 210 Repairs and Maintenance-Semi-Expendable Machinery and Equipment 220 Repairs and Maintenance-Semi-Expendable Furniture, Fixtures and Books 990 Repairs and Maintenance-Other Property, Plant and Equipment Financial Assistance/Subsidy 020 Financial Assistance to NGAs 030 Financial Assistance to Local Government Units 050 Financial Assistance to NGOs/POs 070 Subsidy to Regional Offices/Staff Bureaus 080 Subsidy to Operating Units 090 Subsidy to Other Funds 100 Financial Assistance to Government Corporations 19 Covering Standards (PAS/PFRS/PPSAS) PAS 1, 12 PAS 1, 16, 41, PFRS 6 PPSAS 1 PPSAS 1, 17 ACCOUNT TITLES and CODES 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 02 14 110 Contribution to AFP Modernization 02 14 990 Financial Assistance/Subsidy-Others 02 15 Taxes, Insurance Premiums and Other Fees 02 15 010 Taxes, Duties and Licenses 02 15 020 Fidelity Bond Premiums 02 15 030 Insurance Expenses 02 15 040 Income Tax Expenses 02 16 Labor and Wages 02 16 010 Labor and Wages 02 17 Members' Benefits 02 17 010 Members' Benefits 02 99 Other Maintenance and Operating Expenses 02 99 010 Advertising, Promotional and Marketing Expenses 02 99 020 Printing and Publication Expenses 02 99 030 Representation Expenses 02 99 040 Transportation and Delivery Expenses 02 99 050 Rent/Lease Expenses 02 99 060 Membership Dues and Contributions to Organizations 02 99 070 Subscription Expenses 02 99 080 Donations 02 99 090 Litigation/Acquired Assets Expenses 02 99 110 International Mail Exchange Expenses 02 99 120 Directors and Committee Members' Fees 02 99 130 Lottery Draws Expenses 02 99 140 Documentary Stamps Expenses 02 99 150 Fees and Commission Expenses 02 99 160 Dividend Expenses 02 99 170 Underwriting Expenses 02 99 180 Major Events and Conventions Expenses 02 99 190 Crop/Non-Crop Insurance Benefits 02 99 200 Deposit Claims Pay-out Expenses 02 99 210 Loss Recoveries Ceded 02 99 220 Loss Adjustment Expenses 02 99 990 Other Maintenance and Operating Expenses 03 Financial Expenses 03 01 Financial Expenses 010 Management Supervision/Trusteeship Fees 03 01 020 Interest Expenses 03 01 030 Guarantee Fees 03 01 040 Bank Charges 03 01 050 Commitment Fees 03 01 990 Other Financial Charges 03 01 04 Direct Costs 04 01 Cost of Goods Manufactured 04 01 010 Direct Labor 04 01 020 Manufacturing Overhead 04 01 030 Direct Materials 04 02 Cost of Sales 04 02 010 Cost of Sales 05 Non-Cash Expenses 05 01 Depreciation 05 01 010 Depreciation-Investment Property 05 01 020 Depreciation-Land Improvements 05 01 030 Depreciation-Infrastructure Assets 05 01 040 Depreciation-Buildings and Other Structures 05 01 050 Depreciation-Machinery and Equipment 05 01 060 Depreciation-Transportation Equipment 05 01 070 Depreciation-Furniture, Fixtures and Books 05 01 080 Depreciation-Leased Assets 05 01 090 Depreciation-Leased Assets Improvements 05 01 100 Depreciation-Heritage Assets 05 01 110 Depreciation-Service Concession Assets 05 01 120 Depreciation-Exploration and Evaluation Assets 05 01 130 Depreciation-Biological Assets 05 01 990 Depreciation-Other Property, Plant and Equipment 20 Covering Standards (PAS/PFRS/PPSAS) PAS 1, 38 PPSAS 1, 31 PAS 36 PPSAS 16, 21 PAS 21 PPSAS 4 PAS 18 PAS 36 PAS 41 PAS 41 PAS 38 PPSAS 9 PPSAS 21 PPSAS 27 PPSAS 27 PPSAS 31 PAS 41 PPSAS 27 PPSAS 28, 29, PAS 39, IFRS 9 30 PAS 41 PPSAS 27 PAS 41 27 , PPSAS 28, PAS 39, IFRS 9 30 PAS 39, IFRS 9 30 PAS 40 PPSAS 16 PFRS 11 PAS 7 PPSAS 8 ACCOUNT TITLES and CODES 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 05 02 02 02 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 03 04 04 04 04 04 04 04 04 04 04 04 04 5 5 5 5 5 05 05 05 05 05 04 04 04 04 04 5 5 5 5 5 5 05 05 05 05 05 05 04 04 04 04 04 05 5 5 05 05 05 05 Amortization 010 Amortization-Intangible Assets 020 Amortization-Service Concession-Intangible Assets Impairment Loss 010 Impairment Loss-Financial Assets Held to Maturity 020 Impairment Loss-Loans and Receivables 030 Impairment Loss-Lease Receivables 040 Impairment Loss-Investments in Government Corporations 050 Impairment Loss-Investments in Joint Venture 060 Impairment Loss-Other Receivables 070 Impairment Loss-Inventories 080 Impairment Loss-Investment Property 090 Impairment Loss-Property, Plant and Equipment 100 Impairment Loss-Biological Assets 110 Impairment Loss-Intangible Assets 120 Impairment Loss-Investments in Associates/Affiliates 130 Impairment Loss-Domestic Investments 140 Impairment Loss-Investment in Stocks 150 Impairment Loss-Investments in Subsidiaries 160 Impairment Loss-Non-Current Assets Held for Sale 170 Impairment Loss-Service Concession-Intangible Assets 180 Impairment Loss-Other Investments 990 Impairment Loss-Other Assets Losses 010 Loss on Foreign Exchange (FOREX) 020 Loss on Sale/Redemption/Transfer of Investments 030 Loss on Sale of Investment Property 040 Loss on Sale of Propery, Plant and Equipment 050 Loss on Sale of Biological Assets 060 Loss on Sale of Agricultural Produce 070 Loss on Sale of Intangible Assets 080 Loss on Sale of Assets 090 Loss of Assets 110 Loss on Initial Recognition of Biological Assets 120 Loss from Changes in Fair Value of Financial Instruments 130 140 150 160 170 Loss from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Physical Change Loss from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Price Change Loss on Sale/Redemption/Transfer of Financial Liabilities Loss on Securitization Loss from Fair Value Adjustment in Hedge Accounting 180 Loss from Changes in Fair Value of Investment Property 190 Loss on Guaranty 200 Share in the Loss of Joint Venture 210 Share in the Loss of Associates/Affiliates 220 Other Losses Discounts and Rebates 010 Other Discounts 020 Rebates 21 C. DESCRIPTION OF ACCOUNTS 1 ASSETS 1 Assets 01 Cash and Cash Equivalents 01 Cash on Hand Account Title Account Number Normal Balance Description Cash-Collecting Officers 10101010 Debit This account is used to recognize the amount of collections with the Collecting Officers, Cashiers, and Postmasters for remittance to the Treasurer of the Philippines (TOP)/ deposit to Authorized Government Depository Banks (AGDBs). Credit this account for remittance to the TOP/deposit to AGDBs and/or incurrence of cash shortage by the collecting officer. Account Title Account Number Normal Balance Description Petty Cash 10101020 Debit This account is used to recognize the amount granted to duly designated Petty Cash Custodian for payment of authorized petty or miscellaneous expenses which cannot be conveniently paid through checks. Credit this account every time there is a change of Petty Cash Custodian for refund and liquidation of cash advance. Account Title Account Number Normal Balance Description Local Currency on Hand 10101030 Debit This account is used to recognize the amount of cash denominated in local currency in the bank’s vault in the form of notes and coins under the custody of the cashier/cash custodian or treasurer, including notes in the possession of tellers and those kept in automated teller machines (ATM) and the like. Account Title Account Number Normal Balance Description Foreign Currency on Hand 10101040 Debit This account is used to recognize the amount of cash denominated in foreign currency in the bank’s vault in the form of notes and coins under the custody of the cashier/cash custodian or treasurer, including notes in the possession of tellers and those kept in automated teller machines (ATM) and the like. 22 Account Title Account Number Normal Balance Description Checks and Other Cash Items 10101050 Debit This account is used by banks to recognize the amount of checks and other cash items received after the selected clearing cut-off time until the close of the regular banking hours. This account may consists of the checks drawn on other banks; Manager’s/Cashier’s/Treasurer’s Checks and Demand Drafts issued by reporting bank’s other branches/offices or other banks; and Philippine Postal Money Orders. Account Title Account Number Normal Balance Description Treasury Fund Capital 10101060 Debit This account is used to recognize the peso and dollar treasury capital for gaming and slot machine operations maintained in the branch’s treasury vault. 02 Cash in Bank-Local Currency Account Title Account Number Normal Balance Description Cash in Bank-Local Currency, Bangko Sentral ng Pilipinas 10102010 Debit This account is used to recognize deposits of collections by government corporations to the BSP which are denominated in local currency. Credit this account for debit advices/memos received from BSP. Account Title Account Number Normal Balance Description Cash in Bank-Local Currency, Current Account 10102020 Debit This account is used to recognize cash in local currency in a current account with AGDB, which is used to recognize deposits/withdrawals including credit/debit advices/memoranda received from AGDBs. Account Title Account Number Normal Balance Description Cash in Bank-Local Currency, Savings Account 10102030 Debit This account is used to recognize cash in local currency in a savings account with AGDBs, including high yield savings account, which is used to recognize deposits/withdrawals including credit/debit advices/memoranda received from AGDBs. This includes combo account (CA/SA account with automatic fund transfer feature). 23 Account Title Account Number Normal Balance Description Due from Bangko Sentral ng Pilipinas-Local Currency 10102050 Debit This account is used to recognize cash in local currency due from BSP denominated in Philippine currency to meet reserve requirements and to serve as clearing account for interbank claims. Account Title Account Number Normal Balance Description Due from Other Banks-Local Currency 10102060 Debit This account is used to recognize the balance of deposit accounts maintained with resident and non-resident banks/offshore banking units denominated in local currency. 03 Cash in Bank-Foreign Currency Account Title Account Number Normal Balance Description Cash in Bank-Foreign Currency, Bangko Sentral ng Pilipinas 10103010 Debit This account is used to recognize deposits with the BSP of collections by government corporations including credit advices/memos received from the BSP, which are denominated in foreign currency. Credit this account for debit advices/memos received from the BSP. Account Title Account Number Normal Balance Description Cash in Bank-Foreign Currency, Current Account 10103020 Debit This account is used to recognize cash in foreign currency in a current account with AGDBs. This is used to recognize deposits/ withdrawals including credit/debit advices/memoranda received from AGDBs. Account Title Account Number Normal Balance Description Cash in Bank-Foreign Currency, Savings Account 10103030 Debit This account is used to recognize cash in foreign currency in a savings account with AGDBs including high yield savings account. This is used to recognize deposits/ withdrawals including credit/debit advices/memoranda received from AGDBs. Account Title Account Number Normal Balance Description Due from Bangko Sentral ng Pilipinas-Foreign Currency 10103050 Debit This account is used to recognize the balance of the deposit account maintained with the BSP which are denominated in foreign currency. 24 Account Title Account Number Normal Balance Description Due from Other Banks-Foreign Currency 10103060 Debit This account is used to recognize the balance of deposit accounts maintained with resident and non-resident banks/offshore banking units denominated in foreign currency. 04 Treasury/Agency Cash Accounts Account Title Account Number Normal Balance Description Cash-Modified Disbursement System 10104040 Debit This account is used to recognize receipt of Notice of Cash Allocation (NCA) from the Department of Budget and Management (DBM) for the implementation of locally funded and foreign-assisted projects. Credit this account upon issuance of MDS checks/Advice to Debit Account (ADA) and reversion of lapsed NCA with a corresponding debit to Subsidy from NG account. 05 Cash Equivalents Account Title Account Number Normal Balance Description Treasury Bills 10105010 Debit This account is used to recognize the amount of treasury bills issued by the National Government through the Bureau of the Treasury (BTr) purchased with maturity of 90 days or less from the date of acquisition. Credit this account when the rights to the cash flows have expired or transferred to another party through resale or other disposition. Account Title Account Number Normal Balance Description Time Deposits-Local Currency 10105020 Debit This account is used to recognize authorized placements of cash in local currency with AGDBs for a period of 90 days or less. Credit this account for withdrawal of placements. Account Title Account Number Normal Balance Description Time Deposits-Foreign Currency 10105030 Debit This account is used to recognize placements of cash in foreign currency with AGDBs for a period of 90 days or less. Credit this account for withdrawal of placements. 25 Account Title Account Number Normal Balance Description Treasury Bonds 10105040 Debit This account is used to recognize the amount of treasury bonds purchased with maturity of 90 days or less from the date of acquisition. Credit this account upon derecognition of the treasury bond. Account Title Account Number Normal Balance Description Cash in Transit 10105050 Debit This account is used to recognize the BSP notes and coins sent to/by BSP regional currency Operation Units/Cash department still in transit. 02 Investments 01 Financial Assets at Fair Value Through Surplus/Profit or Deficit/Loss Account Title Account Number Normal Balance Description Financial Assets Held for Trading 10201010 Debit This account is used to recognize debt and equity securities that are: (a) acquired principally for the purpose of selling or repurchasing them in the near term; or (b) part of a portfolio of identified securities that are managed together and for which there is evidence of a recent actual pattern of short-term profit-taking. Credit this account when the rights to the cash flows have expired or transferred to another party through resale or other disposition. Account Title Financial Assets Designated at Fair Value Through Surplus/Profit or Deficit/Loss 10201020 Debit This account is used to recognize financial assets that, upon initial recognition, are designated by the entity as at fair value through surplus/profit or deficit/loss. This shall comprise of both debt and equity securities and shall be accounted for in the same manner as held for trading securities. Credit this account when the rights to the cash flows have expired or transferred to another party through resale or other disposition. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Derivative Financial Assets Held for Trading 10201030 Debit This account is used to recognize financial instruments or other contracts acquired or incurred principally for the purpose of selling or repurchasing it in the near future. Credit this account when the rights to the cash flows have expired or transferred to another party. 26 Account Title Account Number Normal Balance Description Derivative Financial Assets Designated at Fair Value Through Surplus/Profit or Deficit/Loss 10201040 Debit This account is used to recognize contracts that are settled gross by delivery of underlying items. Typical examples of which are futures and forward, swap and option contract. This account also refers to non-financial variables that are not specific to a party to the contract. These include an index of earthquake losses in a particular region, an index of temperatures in a particular city, and the like. Credit this account when the rights to the cash flows have expired or transferred to another party. 02 Financial Assets-Held to Maturity Account Title Account Number Normal Balance Description Investments in Treasury Bills-Local 10202010 Debit This account is used to recognize money invested in treasury bills with 91 days and above maturity issued in the local stock market. Credit this account upon derecognition of the investments in local treasury bills, transfers, write-off or write-down. Account Title Account Number Normal Balance Description Allowance for Impairment-Investments in Treasury Bills-Local 10202011 Credit This account is credited when there is objective evidence that the investments in local treasury bills are impaired. Debit this account upon derecognition of the investments in local treasury bills, transfers, reversal of impairment loss, write-off or write-down. Account Title Account Number Normal Balance Description Investments in Treasury Bills-Foreign 10202020 Debit This account is used to recognize the money invested in treasury bills with 91 days and above maturity issued by foreign countries. Credit this account upon derecognition of the investments in foreign treasury bills, transfers and write-off or write-down. Account Title Account Number Normal Balance Description Allowance for Impairment-Investments in Treasury Bills-Foreign 10202021 Credit This account is credited when there is objective evidence that the investments in foreign treasury bills are impaired. Debit this account upon derecognition of the investments in foreign treasury bills, transfers, reversal of impairment loss, and write-off or writedown. 27 Account Title Account Number Normal Balance Description Investments in Bonds-Local 10202050 Debit This account is used to recognize investments in bonds issued by the BTr and other local investees. Credit this account upon derecognition of the investments in local bonds, transfers, and write-off or write-down. Account Title Account Number Normal Balance Description Allowance for Impairment-Investments in Bonds-Local 10202051 Credit This account is credited when there is objective evidence that the investments in local bonds are impaired. Debit this account upon derecognition of the investments in local bonds, transfers, reversal of impairment loss, and write-off or write-down. Account Title Account Number Normal Balance Description Premium on Investments in Bonds-Local 10202052 Debit This account is used to recognize the excess of peso-denominated bond acquisition cost over the bond face value. Credit this account for the recognition of periodic premium amortization. Account Title Account Number Normal Balance Description Discount on Investments in Bonds-Local 10202053 Credit This account is used to recognize the excess of peso-denominated bond face value over the bond acquisition cost. Debit this account for the recognition of periodic discount amortization. Account Title Account Number Normal Balance Description Investments in Bonds-Foreign 10202060 Debit This account is used to recognize the money invested in bonds issued by treasury of foreign governments and other foreign investees. Credit this account upon derecognition of the investments in foreign bonds, transfers, and write-off or writedown. Account Title Account Number Normal Balance Description Allowance for Impairment-Investments in Bonds-Foreign 10202061 Credit This account is credited when there is objective evidence that the investments in foreign bonds are impaired. Debit this account upon derecognition of the investments in foreign bonds, and reversal of impairment loss, and write-off or write-down. 28 Account Title Account Number Normal Balance Description Premium on Investments in Bonds-Foreign 10202062 Debit This account is used to recognize the excess of foreign currencydenominated bond acquisition cost over the bond face value. Credit this account for the recognition of periodic premium amortization. Account Title Account Number Normal Balance Description Discount on Investments in Bonds-Foreign 10202063 Credit This account is used to recognize the excess of foreign currencydenominated bond face value over the bond acquisition cost. Debit this account for the recognition of periodic discount amortization. 05 Investments in Joint Venture Account Title Account Number Normal Balance Description Investments in Joint Venture 10205010 Debit This account is used to recognize money and/or other assets invested in entities that are neither a subsidiary nor associate/affiliate and share in the profit of joint venture where the government corporation has joint control. Credit this account upon receipt of the return of the investment, sale, transfers, write-off and share in the loss of joint venture. Account Title Account Number Normal Balance Description Allowance for Impairment-Investments in Joint Venture 10205011 Credit This account is credited to reduce the cost/amortized cost/fair value of investments due to impairment. Debit this account upon receipt of the return on the investment, sale, transfers, reversal of impairment loss, and write-off. 06 Investments in Associates/Affiliates Account Title Account Number Normal Balance Description Investments in Associates/Affiliates 10206010 Debit This account is used to recognize money or other asset invested in entities that are neither a subsidiary nor joint venture, where the government corporation has significant influence. It is also debited to recognize the share of the investor in the profit of the associates/affiliates. Credit this account upon receipt of the return of the investment, for the share in the loss of the associates/affiliates, and sale, transfers and write-off. 29 Account Title Account Number Normal Balance Description Allowance for Impairment-Investments in Associates/Affiliates 10206011 Credit This account is credited to reduce the cost/amortized cost/fair value of investments due to impairment. Debit this account upon receipt of the return on the investment, sale, transfers, reversal of impairment loss, and write-off. 07 Sinking Fund Account Title Account Number Normal Balance Description Sinking Fund 10207010 Debit This account is used to recognize the amount set aside on a regular basis to pay off at maturity the long-term debt such as bonds, with maturities of three years or more. Credit this account for payment of bond interest expenses and principal. 08 Financial Assets-Available For Sale Securities Account Title Account Number Normal Balance Description Available For Sale Securities 10208010 Debit This account is used to recognize the amount of securities, either debt or equity, that are designated as available for sale which shall be measured upon initial recognition at their fair value plus transaction costs that are directly attributable to the acquisition of securities. This includes investments in equity managed by Local Fund Managers. Credit this account upon derecognition of the investments in available for sale securities, transfers, and write-off or write-down. Account Title Account Number Normal Balance Description Allowance for Impairment-Available For Sale Securities 10208011 Credit This account is used to recognize the amount of impairment loss that has been incurred on Available For Sale Securities. Debit this account upon derecognition of the available for sale securities, and reversal of impairment loss, and write-off or write-down. 09 Financial Assets-Domestic Investments Account Title Account Number Normal Balance Description Domestic Securities 10209010 Debit This account is used to recognize the amount of investments of BSP in government bills, bonds and notes, which are either direct or guaranteed obligations of the National Government. Credit this account upon derecognition of the investments in domestic 30 securities, transfers, and write-off or write-down. Account Title Account Number Normal Balance Description Allowance for Impairment-Domestic Securities 10209011 Credit This account is used to recognize the amount of impairment loss that has been incurred on domestic securities. Debit this account upon derecognition of the domestic investments of BSP, and reversal of impairment loss, and write-off or write-down. Account Title Account Number Normal Balance Description Domestic Securities Purchased Under Repurchase Agreement 10209020 Debit This account is used to recognize the amount of Government securities that BSP buys from banks with an undertaking/commitment to sell the same government securities the next day or at a future date at a specified rate. This transaction is undertaken when BSP desires to temporarily increase the level of money supply. Account Title Allowance for Impairment-Domestic Securities Purchased Under Repurchase Agreement 10209021 Credit This account is used to recognize the cumulative amount of impairment loss that has been incurred on investments in domestic securities purchased under repurchase agreement. Debit this account upon derecognition of the domestic securities purchased under repurchase agreement by the BSP, and reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Due from Local Banks 10209030 Debit This account is used to recognize the amount of loans granted to rural banks through placement by the BSP of special time deposits supported by certificates of time deposits. Account Title Account Number Normal Balance Description Allowance for Impairment-Due from Local Banks 10209031 Credit This account is used to recognize the cumulative amount of impairment loss that has been incurred on investments in local bonds. Debit this account upon derecognition of the receivable by the BSP from local banks, and reversal of impairment loss. 31 10 Investments in Subsidiaries Account Title Account Number Normal Balance Description Investments in Subsidiaries 10210010 Debit This account is used to recognize money invested in entities, that are neither associates/affiliates or joint venture, where the government corporation has complete control or ownership. Credit this account upon receipt of the return of the investment, sale, transfers and write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Investments in Subsidiaries 10210011 Credit This account is credited to reduce the cost/amortized cost/fair value of investments in subsidiaries due to impairment. Debit this account upon receipt of the return on the investment, sale, transfers, reversal of impairment loss, and write-off. 11 Investments in Time Deposits Account Title Account Number Normal Balance Description Investments in Time Deposits-Local Currency 10211010 Debit This account is used to recognize authorized placements of cash in local currency with AGDBs for a period of 91 days or more. Credit this account for withdrawal of placements. Account Title Account Number Normal Balance Description Investments in Time Deposits-Foreign Currency 10211020 Debit This account is used to recognize authorized placements of cash in foreign currency with AGDBs for a period of 91 days or more. Credit this account for withdrawal of placements. 99 Other Investments Account Title Account Number Normal Balance Description Investments in Stocks 10299010 Debit This account is used to recognize money invested in the stocks of government corporations and public utilities measured at cost other than those invested to joint venture, associates/affiliates and government corporate subsidiaries. Credit this account upon sale, transfers and write-off. 32 Account Title Account Number Normal Balance Description Allowance for Impairment-Investments in Stocks 10299011 Credit This account is used to recognize the amount of impairment loss that has been incurred on investments in stocks. Debit this account upon derecognition of the investments in stocks, and reversal of impairment loss. Account Title Account Number Normal Balance Description Investments in Non-Marketable Securities 10299020 Debit This account is used to recognize the amount of investment in equity instruments that do not have a quoted market price in an active market, and whose fair value cannot be reliably measured. Credit this account upon sale, transfers and write-off. Account Title Allowance for Impairment-Investments in Non-Marketable Securities 10299021 Credit This account is used to recognize the amount of impairment loss that has been incurred on Investments in Non-Marketable Securities. Debit this account upon derecognition of the investments in Non-Marketable Securities, and reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Other Investments 10299990 Debit This account is used to recognize the amount of other investments which cannot be classified under any of the specific investment accounts. Credit this account upon derecognition, transfer and write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Other Investments 10299991 Credit This account is credited to reduce the cost/amortized cost/fair value of other investments due to impairment. Debit this account upon receipt of the return on the investment, sale, transfers, reversal of impairment loss, and write-off. 03 Receivables 01 Loans and Receivable Accounts Account Title Account Number Normal Balance Description Accounts Receivable 10301010 Debit This account is used to recognize the amount due from customers 33 arising from regular trade and business transactions. Credit this account upon collection of receivables, transfers or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Accounts Receivable 10301011 Credit This account is credited upon recognition of impairment which may arise from non-collection. Debit this account upon collection of receivables, transfers, reversal of impairment or write-off. Account Title Account Number Normal Balance Description Notes Receivable 10301020 Debit This account is used to recognize claims expected to be received at a future date, usually with interest, for which a formal instrument of credit is used as evidence of debt, such as promissory notes, time drafts or trade acceptances or other negotiable financial instruments acquired from debtors. Credit this account upon encashment of notes, transfers or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Notes Receivable 10301021 Credit This account is credited upon recognition of the amount to reduce the amortized cost of notes receivable due to impairment, which may arise from non-collection. Debit this account upon encashment of notes, transfers, reversal of impairment or write-off. Account Title Account Number Normal Balance Description Loans Receivable-Local Government Units 10301040 Debit This account is used to recognize amounts of credit extended to local government units covered by loan agreements. Credit this account upon receipt of loan repayments, transfers or write-off. Account Title Allowance for Impairment-Loans Receivable-Local Government Units 10301041 Credit This account is credited upon set-up of provision for losses which may arise from the non-collection of loans receivable from local government units. Debit this account upon receipt of loan repayments, transfers, reversal of impairment, or write-off. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Interests Receivable 10301050 Debit This account is used to recognize amounts of accrued interests on advances, investments, and loans and receivables. Credit this account upon receipt of interests, transfers, or write-off. 34 Account Title Account Number Normal Balance Description Allowance for Impairment-Interests Receivable 10301051 Credit This account is credited upon set-up of provision for losses which may arise from the non-collection of interests receivable. Debit this account upon receipt of interests, transfers, reversal of impairment, or write-off. Account Title Account Number Normal Balance Description Dividends Receivable 10301060 Debit This account is used to recognize the amount of cash dividends earned but not yet received on shares of stocks owned by the government corporations that are held as Held for Trading, Designated at Fair Value through Surplus/Profit or Deficit/Loss, Available for Sale and other investments. Credit this account upon receipt of dividends, transfers, or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Dividends Receivable 10301061 Credit This account is credited to reduce the amortized cost of dividends receivable due to impairment, which may arise from non-collection of the receivables. Debit this account upon receipt of dividends receivable, transfers, reversal of impairment, or write-off. Account Title Account Number Normal Balance Description Loans Receivable-Other Government Corporations 10301070 Debit This account is used to recognize credits/loans in foreign or local currency extended by a government corporation to other government corporations covered by loan agreements. Credit this account for receipt of loan repayments, transfers or write-off loans to other government corporations. Account Title Allowance for Impairment-Loans Receivable-Other Government Corporations 10301071 Credit This account is credited upon set-up of provision for losses which may arise from the non-collection of loans receivable from other government corporations. Debit this account upon receipt of loan repayments, transfers, reversal of impairment, or write-off. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Subrogated Claims Receivable 10301080 Debit This account is used to recognize the amounts of insured deposits paid by a corporation to depositors of closed banks; advances made 35 by the corporation to creditor banks or assumption of the guaranteed portion of loans, interests, as well as other charges related thereto under the guarantee program. Credit this account upon collection of receivables, transfers, or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Subrogated Claims Receivable 10301081 Credit This account is credited to reduce the amortized cost of subrogated claims receivable due to impairment, which may arise from noncollection of the receivables. Debit this account upon receipt of subrogated loans receivables, transfers, reversal of impairment, or write-off. Account Title Account Number Normal Balance Description Contributions and Premiums Receivable 10301090 Debit This account is used to recognize amounts due, accruing and collectible during the current year in the form of contributions and premiums on optional, medicare, employee compensation and nonlife insurance funds including crop insurance premiums from assured farmers. Credit this account upon collection of receivables, transfers, or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Contributions and Premiums Receivable 10301091 Credit This account is credited to reduce the amortized cost of contributions and premiums receivable due to impairment. Debit this account upon receipt of contributions and premiums receivable, transfers, reversal of impairment, or write-off. Account Title Account Number Normal Balance Description Mortgage Contracts Receivable 10301100 Debit This account is used to recognize the price of assets acquired which are sold under a plan of settlement whereby the title to said asset is transferred to the buyer who executes a real estate mortgage contract in favor of the entity. The HDMF finances the mortgage of the borrower. Credit this account upon collection of receivables, transfers, or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Mortgage Contracts Receivable 10301101 Credit This account is credited to reduce the amortized cost of mortgage contracts receivable due to impairment which may arise from noncollection of receivables. Debit this account upon receipt of mortgage contracts receivable, transfers, reversal of impairment, or write-off. 36 Account Title Account Number Normal Balance Description Loans to BSP 10301110 Debit This account is used to recognize foreign currency denominated loans and discounts granted by a Foreign Currency Deposit Unit/Expanded Foreign Currency Deposit Unit to BSP. Credit this account upon collection of receivables, transfers, or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Loans to BSP 10301111 Credit This account is credited to reduce the amortized cost of loans to BSP due to impairment. Debit this account upon receipt of loans, transfers, reversal of impairment, or write-off. Account Title Account Number Normal Balance Description Inter-bank Loans Receivable 10301120 Debit This account is used to recognize interbank call and term loans receivable granted to other resident banks and non-bank financial intermediaries with quasi-banking authority. Credit this account upon collection of receivables, transfers, or write-off Account Title Account Number Normal Balance Description Allowance for Impairment-Inter-bank Loans Receivable 10301121 Credit This account is credited to reduce the amortized cost of inter-bank loans receivable due to impairment. Debit this account upon receipt of inter-bank loans receivables, transfers, reversal of impairment, or write-off. Account Title Account Number Normal Balance Description Deficiency Claims Receivable 10301130 Debit This account is used to recognize the amount of probable claims filed with the courts against borrowers/debtors arising from the foreclosure of mortgaged property. This refers also to the excess of outstanding loans over the appraised value of foreclosed property. Credit this account upon collection of receivables, transfers, or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Deficiency Claims Receivable 10301131 Credit This account is credited upon set-up of provision for losses which may arise from non-collections of deficiency claims receivable. Debit this account upon receipt of deficiency claims receivables, transfers, reversal of impairment, or write-off. 37 Account Title Account Number Normal Balance Description Due from Reinsurer 10301140 Debit This account is used to recognize the amounts due from reinsurers/ceding companies in the form of losses recoverable, profit commissions and premiums on reinsurance and funds held in trust. Credit this account upon collection of receivable, transfers, or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Due from Reinsurer 10301141 Credit This account is credited to set up provision due to impairment of dues from reinsurer. Debit this account upon receipt of payment for dues from reinsurer, transfers, reversal of impairment loss, and write-off. Account Title Account Number Normal Balance Description Accrued Service Fee Receivable 10301150 Debit This account is used to recognize the service fees accrued based on premium produced on private insurance companies, extraremuneration from GSIS on policies paid within the 30-day period and the amount of contingent profit commission due from the accredited insurance companies based on the terms/provisions under the Brokerage Agreement. Account Title Account Number Normal Balance Description Allowance for Impairment-Accrued Service Fee Receivable 10301151 Credit This account is credited to reduce the amortized cost of accrued service fee receivable due to impairment. Debit this account upon receipt of service fee receivable, transfers, reversal of impairment, or write-off. Account Title Account Number Normal Balance Description Sales Contract Receivable 10301160 Debit This account is used to recognize the amount due from installment sale of acquired assets in settlement of loan through foreclosure or dation in payment. Title of the property is transferred to the buyer only upon full payment of the agreed selling price. Credit this account upon collection of receivables, transfers or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Sales Contract Receivable 10301161 Credit This account is used to recognize the cumulative amount of impairment loss that has been incurred on Sales Contract 38 Receivable. Debit this account upon receipt of sales contract receivables, transfers, reversal of impairment, or write-off. Account Title Account Number Normal Balance Description Sales Contract Receivable-Discount 10301162 Credit This account is used to recognize the unamortized discount on Sales Contract Receivable representing financial service fees that are an integral part of the effective interest of the account, which shall be debited monthly based on the effective interest method with the corresponding credit to “Interest Income-Sales Contract Receivable.” Account Title Account Number Normal Balance Description Reinsurance Receivable 10301170 Debit This account is used to recognize the amount receivable from reinsurers under agreements as their share on paid losses and loss adjustments expenses including commissions due on reinsurance business. Credit this account upon collection of receivables, transfers or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Reinsurance Receivable 10301171 Credit This account is used to recognize the cumulative amount of impairment loss that has been incurred on Reinsurance Receivable. Debit this account upon receipt of reinsurance receivables, transfers, reversal of impairment, or write-off. Account Title Account Number Normal Balance Description Due from Head Office/Branches/Agencies Abroad 10301180 Debit This account is used to recognize clearing account for items/transactions between the Philippine branches of foreign banks and its head office/branches/agencies abroad. Credit this account for payment/liquidation of receivable. Account Title Allowance for Impairment-Due from Head Office/Branches/Agencies Abroad 10301181 Credit This account is credited upon set-up of provision for losses which may arise from the non-collection of Due from Head Office/Branches/Agencies Abroad. Debit this account upon receipt of other loans receivables, transfers, reversal of impairment, or write-off. Account Number Normal Balance Description 39 Account Title Account Number Normal Balance Description Receivership and Liquidation Receivable 10301190 Debit This account is used to recognize the amount of advances made to closed banks for their operating expenses while under receivership and/or liquidation. It also includes receivables from various closed banks arising from the guarantee granted in favor of borrowers. Account Title Allowance for Impairment-Receivership and Liquidation Receivable 10301191 Credit This account is credited to reduce the cost/amortized cost/fair value of Receivership and Liquidation Receivable due to impairment. Debit this account upon receipt of other receivables, transfers, reversal of impairment loss, and write-off. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Loans Receivable-Others 10301990 Debit This account is used to recognize amounts due from debtors and other entities not falling under any of the specific receivable account. Credit this account upon collection of receivables, transfers, or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Loans Receivable-Others 10301991 Credit This account is credited upon set-up of provision for losses which may arise from the non-collection of other loans receivables. Debit this account upon receipt of other loans receivables, transfers, reversal of impairment, or write-off. 02 Lease Receivable Account Title Account Number Normal Balance Description Operating Lease Receivable 10302010 Debit This account is used to recognize the accrual of rental income from lease of assets. Credit this account upon collection of rental income, transfers, or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Operating Lease Receivable 10302011 Credit This account is credited upon set-up of provision for losses which may arise from the non-collection of the operating lease receivables. Debit this account upon receipt of the receivables, transfers, reversal of impairment, or write-off. 40 Account Title Account Number Normal Balance Description Finance Lease Receivable 10302020 Debit This account is used to recognize the amount due from sale of government property on installment basis. Credit this account upon collection of installment due, transfers, or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Finance Lease Receivable 10302021 Credit This account is credited upon set-up of provision for losses which may arise from the non-collection of finance lease receivable. Debit this account upon receipt of finance lease receivable, transfers, reversal of impairment, or write-off. 03 Inter-Agency Receivables Account Title Account Number Normal Balance Description Due from National Government Agencies 10303010 Debit This account is used to recognize advances for purchase of goods/services as authorized by law, fund transfers to the National Government Agencies (NGAs) for implementation of projects and other receivables from NGAs. Credit this account upon receipt of goods/services, and liquidation of fund transfers/receivables. Account Title Account Number Normal Balance Description Due from Local Government Units 10303030 Debit This account is used to recognize amount of advances for purchase of goods/services as authorized by law, fund transfers to the Local Government Units (LGUs) for implementation of projects, share from LGUs income and other receivables. Credit this account for receipt of goods/services, liquidation of fund transfers and receipt of share/payment for other receivables. Account Title Account Number Normal Balance Description Due from Government Corporations 10303050 Debit This account is used to recognize receivables from other government corporations pertaining to fund transfers and advances for implementation of projects; other inter-agency transactions subject to liquidation; and other statutory contributions due from government corporations. Credit this account upon receipt of goods/services, liquidation of fund transfers/receivables, and receipt of payment for statutory contributions due from government corporations and other receivables. 41 Account Title Account Number Normal Balance Description Due from Subsidiaries/Joint Ventures/Associates/Affiliates 10303060 Debit This account is used to recognize receivables from subsidiaries/joint ventures/associates/affiliates pertaining to obligations paid in advance for subsidiaries; share in income of joint ventures, expenses paid in advance for joint ventures/associates/affiliates, etc. Credit this account for receipt of share in income from, liquidation of advances to, or transfers of shares from subsidiaries/joint ventures/associates/affiliates. Account Title Account Number Normal Balance Description Due from Parent Corporations 10303070 Debit This account is used to recognize the amounts receivable by subsidiaries and associates/affiliates of government corporations from parent corporations. Credit this account for receipt of goods/services, liquidation of fund transfers and receipt of share/payment from parent corporation. 04 Intra-Agency Receivables Account Title Account Number Normal Balance Description Due from Operating Units 10304040 Debit This account is used to recognize receivables of central/home/head office from its operating units/field units below regional/branch level. It also includes fund transfers to an operating/field unit from another operating/field unit of the same government corporation. Credit this account for payment/liquidation of receivable. Account Title Account Number Normal Balance Description Due from Other Funds 10304050 Debit This account is used to recognize transfers from one fund to another fund maintained within the corporation as legally authorized. Credit this account for payment/liquidation of fund transfer. Account Title Account Number Normal Balance Description Due from Central Office/Home/Head Office 10304060 Debit This account is used to recognize the amount of receivables of regional/branch/field offices from their central/home/head office. Credit this account for payment/liquidation of receivable. 42 Account Title Account Number Normal Balance Description Due from Regional/Branch Offices 10304070 Debit This account is used to recognize the amount of receivables of central/home/head office from its regional/branch office. It also includes receivables to a regional/branch office from another regional/branch office of the same government corporation. Credit this account for payment/liquidation of receivable. 05 Other Receivables Account Title Account Number Normal Balance Description Receivables-Disallowances/Charges 10305010 Debit This account is used to recognize the amount of disallowances/charges in audit due from public/private individuals/entities which have become final and executory. Credit this account for settlement of disallowances/charges. Account Title Account Number Normal Balance Description Due from Officers and Employees 10305020 Debit This account is used to recognize amount of claims from entity's officers and employees for overpayment (not covered by ND), cash shortage, loss of assets and other bills issued by the entity and losses in excess of allowable variance between books and volumetric count of merchandise inventory. Credit this account for collection of receivables, write-off and approved relief from property accountability. Account Title Account Number Normal Balance Description Due from Non-Government Organizations/People's Organizations 10305030 Debit This account is used to recognize amount of advances granted to Non-Government Organizations (NGOs)/People’s Organizations (POs) for implementation of specific projects. Credit this account for liquidation of advances. Account Title Account Number Normal Balance Description Insurance Claims Receivable 10305040 Debit This account is used to recognize the amount due from insurance company for damages and other related claims. Credit this account for payment of receivable. Account Title Account Number Normal Balance Description Allowance for Impairment-Insurance Claims Receivable 10305041 Credit This account is credited to reduce insurance claims receivable to its 43 recoverable amount due to impairment. Debit this account upon receipt of the receivables, transfers, reversal of impairment loss, and write-off. Account Title Account Number Normal Balance Description Deficiency Judgment Receivable 10305050 Debit This account is used to recognize the claims against borrower/debtor arising from deficiency judgments rendered by court. Credit this account upon collection of receivables, transfers or write-off. Account Title Account Number Normal Balance Description Allowance for Impairment-Deficiency Judgment Receivable 10305051 Credit This account is credited to reduce deficiency judgment receivable to its recoverable amount due to impairment. Debit this account upon receipt of the receivables, transfers, reversal of impairment loss, and write-off. Account Title Account Number Normal Balance Description Subscriptions Receivable 10305060 Credit This account is used to recognize the unpaid portion of the subscribed stocks of the entity. Account Title Account Number Normal Balance Description Other Receivables 10305990 Debit This account is used to recognize amount due from debtors and other entities not falling under any of the specific receivable account. Credit this account for payment/liquidation of receivables. Account Title Account Number Normal Balance Description Allowance for Impairment-Other Receivables 10305991 Credit This account is credited to reduce the cost/amortized cost/fair value of other receivables due to impairment. Debit this account upon receipt of other receivables, transfers, reversal of impairment loss, and write-off. 44 04 Inventories 01 Inventory Held for Sale Account Title Account Number Normal Balance Description Merchandise Inventory 10401010 Debit This account is used to recognize the cost of goods purchased/acquired/produced which are intended for sale in the ordinary course of business as well as share in the reclaimed land with proponents, land and other items that are intended for sale. This includes forest products, food supplies for canteen operations and the like, and other merchandise. Credit this account for the sale, transfers or write-down of merchandise inventory. Subsidiary Ledgers: 01 – Supplies and Materials 02 – Drugs and Medicines 03 – Agricultural Produce 04 – Ammunitions 05 – Property and Equipment 06 – Land/Reclaimed Land 07 – Forest Products 08 – Rice Procured 09 – Food Supplies for canteen operations and the like 10 – Completed Development for Sale/Transfer 99 – Others Account Title Account Number Normal Balance Description Allowance for Impairment-Merchandise Inventory 10401011 Credit This account is credited for any initial or subsequent write-down of obsolete/outdated, spoiled, spilled, shrunk and/or evaporated merchandise inventory to net realizable value. This also includes allowable variance between book and volumetric count of merchandise inventory. Debit this account upon disposal, derecognition of the merchandise inventory or reversal of impairment loss. 02 Inventory Held for Distribution Account Title Account Number Normal Balance Description Food Supplies for Distribution 10402010 Debit This account is used to recognize the cost of food for distribution to hospital/rehabilitation patients, jail inmates and the like. Credit this account for issuance to end-users or transfers. 45 Account Title Account Number Normal Balance Description Allowance for Impairment-Food Supplies for Distribution 10402011 Credit This account is credited for any initial or subsequent write-down of food supplies for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the food supplies for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Welfare Goods for Distribution 10402020 Debit This account is used to recognize the cost of goods for distribution to people affected by calamities/disasters/ground conflicts such as canned goods, noodles, mosquito nets, blankets, mats, kitchen utensils, flashlights and other similar items. Credit this account for issuance to end-users or transfers. Account Title Account Number Normal Balance Description Allowance for Impairment-Welfare Goods for Distribution 10402021 Credit This account is credited for any initial or subsequent write-down of welfare goods for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the welfare goods for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Drugs and Medicines for Distribution 10402030 Debit This account is used to recognize the cost of drugs and medicines purchased/received for distribution. Credit this account for issuance to end-users or transfers. Account Title Account Number Normal Balance Description Allowance for Impairment-Drugs and Medicines for Distribution 10402031 Credit This account is credited for any initial or subsequent write-down of drugs and medicines due to fortuitous event. Debit this account upon disposal, derecognition of the drugs and medicines for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Medical, Dental and Laboratory Supplies for Distribution 10402040 Debit This account is used to recognize the cost of medical, dental and laboratory supplies purchased/received for distribution. Credit this account for issuance to end-users or transfers. 46 Account Title Account Number Normal Balance Description Allowance for Impairment-Medical, Dental and Laboratory Supplies for Distribution 10402041 Credit This account is credited for any initial or subsequent write-down of medical, dental and laboratory supplies for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the medical, dental and laboratory supplies for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Agricultural and Marine Supplies for Distribution 10402050 Debit This account is used to recognize the cost of fertilizers, pesticides and other marine and agricultural supplies for distribution. This includes supplies for aquaculture researches, environment protection/preservations and the like. Credit this account for issuance to end-users or transfers of the inventory. Account Title Allowance for Impairment-Agricultural and Marine Supplies for Distribution 10402051 Credit This account is credited for any initial or subsequent write-down of agricultural and marine supplies for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the agricultural and marine supplies for distribution or reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Agricultural Produce for Distribution 10402060 Debit This account is used to recognize the cost of agricultural produce for distribution. This includes livestock and poultry; crops and fruits; and other agricultural products, supplies for aquaculture researches, environment protection/preservation and the like. Credit this account for the issuance to end-users or transfers of agricultural produce. Account Title Account Number Normal Balance Description Allowance for Impairment-Agricultural Produce for Distribution 10402061 Credit This account is credited for any initial or subsequent write-down of agricultural produce for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the agricultural produce for distribution or reversal of impairment loss. 47 Account Title Account Number Normal Balance Description Textbooks and Instructional Materials for Distribution 10402070 Debit This account is used to recognize the cost of textbooks and instructional materials including flipcharts, video clips/slides, and the like, purchased/received for distribution. Credit this account for issuance to end-users or transfers. Account Title Allowance for Impairment-Textbooks and Instructional Materials for Distribution 10402071 Credit This account is credited for any initial or subsequent write-down of textbooks and instructional materials for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the textbooks and instructional materials for distribution or reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Construction Materials for Distribution 10402080 Debit This account is used to recognize the cost of construction materials for distribution. Credit this account for issuance to end-users or transfers. Account Title Account Number Normal Balance Description Allowance for Impairment-Construction Materials for Distribution 10402081 Credit This account is credited for any initial or subsequent write-down of construction materials for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the construction materials for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Property and Equipment for Distribution 10402090 Debit This account is used to recognize the cost of property and equipment purchased/received for distribution. Credit this account for issuance to end-users or transfers. Account Title Allowance for Impairment-Property and Equipment for Distribution 10402091 Credit This account is credited for any initial or subsequent write-down of property and equipment for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the property and equipment for distribution or reversal of impairment loss. Account Number Normal Balance Description 48 Account Title Account Number Normal Balance Description Other Supplies and Materials for Distribution 10402990 Debit This account is used to recognize the cost of purchased/acquired inventories not falling under any of the specific inventory accounts held for distribution. Credit this account for issuance to end-users or transfers. Account Title Allowance for Impairment-Other Supplies and Materials for Distribution 10402991 Credit This account is credited for any initial or subsequent write-down of other supplies and materials for distribution due to fortuitous event. Debit this account upon disposal, derecognition of the other supplies and materials for distribution or reversal of impairment loss. Account Number Normal Balance Description 03 Inventory Held for Manufacturing Account Title Account Number Normal Balance Description Raw Materials Inventory 10403010 Debit This account is used to recognize the cost of unprocessed materials that serve as component of produced goods. Credit this account for the issuance of raw materials for production, transfers or writedown of the raw materials. Account Title Account Number Normal Balance Description Allowance for Impairment-Raw Materials Inventory 10403011 Credit This account is credited for any initial or subsequent write-down of obsolete/outdated, spoiled, spilled, shrunk and/or evaporated raw materials inventory to net realizable value. Debit this account upon disposal, derecognition of the inventory or reversal of impairment loss. Account Title Account Number Normal Balance Description Work-in-Process Inventory 10403020 Debit This account is used to recognize cost of goods still in the process of being manufactured or fabricated to produce an end product. Credit this account upon completion of the product/inventory, transfers or write-down. Account Title Account Number Normal Balance Description Allowance for Impairment-Work-in-Process Inventory 10403021 Credit This account is credited for any initial or subsequent write-down of obsolete/outdated, spoiled, spilled, shrunk and/or evaporated work49 in-process inventory to fair value less costs to sell. Debit this account upon disposal, derecognition of the inventory or reversal of impairment loss. Account Title Account Number Normal Balance Description Finished Goods Inventory 10403030 Debit This account is used to recognize cost of completed/manufactured product available for sale or use. Credit this account for transfer to other inventory accounts or other disposal, and write-down. Account Title Account Number Normal Balance Description Allowance for Impairment-Finished Goods Inventory 10403031 Credit This account is credited for any initial or subsequent write-down of obsolete/outdated, spoiled, spilled, shrunk and/or evaporated finished goods inventory to fair value less costs to sell. Debit this account upon disposal, derecognition of the inventory or reversal of impairment loss. 04 Inventory Held for Consumption Account Title Account Number Normal Balance Description Office Supplies Inventory 10404010 Debit This account is used to recognize the cost or value of purchased/acquired office supplies such as bond papers, inks, and small tangible items like staple wire removers, punchers, staplers and other similar items for government operations. Credit this account for issuance to end-users, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Allowance for Impairment-Office Supplies Inventory 10404011 Credit This account is credited for any subsequent write-down of office supplies inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Accountable Forms, Plates and Stickers Inventory 10404020 Debit This account is used to recognize cost of accountable forms, with or without money value, acquired for government operations. Credit this account for issuance to end-users, transfers, loss or other disposal. 50 Account Title Account Number Normal Balance Description Allowance for Impairment-Accountable Forms, Plates and Stickers Inventory 10404021 Credit This account is credited for any subsequent write-down of Accountable Forms, Plates and Stickers Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Non-Accountable Forms Inventory 10404030 Debit This account is used to recognize the cost of non-accountable forms such as pre-printed application forms, tax returns forms, accounting forms and the like. Credit this account for issuance to end-users, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Allowance for Impairment-Non-Accountable Forms Inventory 10404031 Credit This account is credited for any subsequent write-down of NonAccountable Forms Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Animal/Zoological Supplies Inventory 10404040 Debit This account is used to recognize the cost of food, medicines, veterinary and other maintenance needs of animals for use/consumption of government parks, zoos, wildlife sanctuaries and botanical gardens. This also includes supplies for zoological researches, preservations and the like. Credit this account for issuance to end-users, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Allowance for Impairment-Animal/Zoological Supplies Inventory Credit Debit This account is credited for any subsequent write-down of Animal/Zoological Supplies Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Food Supplies Inventory 10404050 Debit This account is used to recognize cost of food for hospital/rehabilitation patients and the like. Credit this account for issuance to end-users, transfers, loss or other disposal. 51 Account Title Account Number Normal Balance Description Allowance for Impairment-Food Supplies Inventory 10404051 Credit This account is credited for any subsequent write-down of Food Supplies Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Drugs and Medicines Inventory 10404060 Debit This account is used to recognize the cost of drugs and medicines purchased/received for government operations. Credit this account for issuance to end-users, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Allowance for Impairment-Drugs and Medicines Inventory 10404061 Credit This account is credited for any subsequent write-down of Drugs and Medicines Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Medical, Dental and Laboratory Supplies Inventory 10404070 Debit This account is used to recognize the cost of medical, dental and laboratory supplies purchased/received for government operations. Credit this account for issuance to end-users, transfers, loss or other disposal. Account Title Allowance for Impairment-Medical, Dental and Laboratory Supplies Inventory 10404071 Credit This account is credited for any subsequent write-down of Medical, Dental and Laboratory Supplies Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Fuel, Oil and Lubricants Inventory 10404080 Debit This account is used to recognize the cost of fuel and oil in government depots, lubricants and other oil products for use in government vehicles and other equipment in connection with government operations/projects. This also includes the cost or fair value of refined/processed fuel utilized in running power plants. Credit this account for issuance to end-users, transfers, loss or other disposal. 52 Account Title Account Number Normal Balance Description Allowance for Impairment-Fuel, Oil and Lubricants Inventory 10404081 Credit This account is credited for any subsequent write-down of Fuel, Oil and Lubricants Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Agricultural and Marine Supplies Inventory 10404090 Debit This account is used to recognize the cost of fertilizers, pesticides and other marine and agricultural supplies for use in government operations. This includes supplies for aquaculture researches, environment protection/ preservations and the like. Credit this account for issuance to end-users, transfers, loss or other disposal. Account Title Allowance for Impairment-Agricultural and Marine Supplies Inventory 10404091 Credit This account is credited for any subsequent write-down of Agricultural and Marine Supplies Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Textbooks and Instructional Materials Inventory 10404100 Debit This account is used to recognize the cost of textbooks and instructional materials including flipcharts, video clips/slides, and the like, purchased/received for use in government schools operation. Credit this account for issuance to end-users, transfers, loss or other disposal. Account Title Allowance for Impairment-Textbooks and Instructional Materials Inventory 10404101 Credit This account is credited for any subsequent write-down of Textbooks and Instructional Materials Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Military, Police and Traffic Supplies Inventory 10404110 Debit This account is used to recognize the cost of military, police and traffic supplies acquired for government operations such as 53 truncheons, ammunitions, night sticks, clubs/cudgels, police/ traffic gears, flashlights, helmets and the like. Credit this account for issuance to end-users, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Allowance for Impairment-Military, Police and Traffic Supplies Inventory 10404111 Credit This account is credited for any subsequent write-down of Military, Police and Traffic Supplies Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Chemical and Filtering Supplies Inventory 10404120 Debit This account is used to recognize cost of chemical, water treatment, filtering supplies and the like used in government operations. Credit this account for issuance to end-users, transfers, loss or other disposal. Account Title Allowance for Impairment-Chemical and Filtering Supplies Inventory 10404121 Credit This account is credited for any subsequent write-down of Chemical and Filtering Supplies Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Construction Materials Inventory 10404130 Debit This account is used to recognize cost of construction materials purchased/acquired for stock and later issuance for the construction, fabrication, repair and rehabilitation of government facilities undertaken by administration. Credit this account for issuance to projects, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Allowance for Impairment-Construction Materials Inventory 10404131 Credit This account is credited for any subsequent write-down of Construction Materials Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. 54 Account Title Account Number Normal Balance Description Currency Inventory 10404140 Debit This account is used to recognize cost of notes and coins delivered from SPC to the Unissued Currency Stock Committee but not yet issued to Cash Department. Account Title Account Number Normal Balance Description Allowance for Impairment-Currency Inventory 10404141 Credit This account is credited for any subsequent write-down of Currency Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Demonetized Coins for Melting 10404150 Debit This account is used to recognize the value of silver treasury coins purchased by BSP from the public at a premium. Account Title Account Number Normal Balance Description Allowance for Impairment-Demonetized Coins for Melting 10404151 Credit This account is credited for any subsequent write-down of Demonetized Coins for Melting due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Information Materials Inventory 10404160 Debit This account is used to recognize supplies, e.g., flyers, leaflets, brochures and the like, intended for information dissemination. Credit this account for issuance, transfers or other disposal. Account Title Account Number Normal Balance Description Allowance for Impairment-Information Materials Inventory 10404161 Credit This account is credited for any subsequent write-down of Information Materials Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Linens and Beddings 10404170 Debit This account is used to recognize the cost of linens and beddings, including curtains, scrub suits and patients' gowns, purchased for stock and for use in government hospital/dormitory. Credit this 55 account for issuance, transfers or other disposal. Account Title Account Number Normal Balance Description Allowance for Impairment-Linens and Beddings 10404171 Credit This account is credited for any subsequent write-down of Linens and Beddings due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Title Account Number Normal Balance Description Play/Bet Slips and Thermal Rolls Supplies Inventories 10404180 Debit This account is used to recognize the cost of play/bet slips and thermal rolls supplies, purchased for stock and for use in government operation. Credit this account for issuance, transfers or other disposal. Account Title Allowance for Impairment-Play/Bet Slips and Thermal Rolls Supplies Inventories 10404181 Credit This account is credited for any subsequent write-down of Play/Bet Slips and Thermal Rolls Supplies Inventories due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Other Supplies and Materials Inventory 10404990 Debit This account is used to recognize the cost of purchased/acquired supplies and materials not falling under any of the specific inventory accounts held for consumption. Credit this account for issuance, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Allowance for Impairment-Other Supplies and Materials Inventory 10404991 Credit This account is credited for any subsequent write-down of Other Supplies and Materials Inventory due to fortuitous event. Debit this account upon disposal, derecognition of the inventory for distribution or reversal of impairment loss. 56 05 Semi-Expendable Machinery and Equipment Account Title Account Number Normal Balance Description Semi-Expendable Machinery 10405010 Debit This account is used to recognize the cost/fair value of the purchased/acquired machinery costing less than P15,000. Credit this account for issues, transfers, loss or other modes of disposal. Account Title Account Number Normal Balance Description Semi-Expendable Office Equipment 10405020 Debit This account is used to recognize the cost/fair value of the purchased/acquired office equipment costing less than P15,000 for the use in government operations. Credit this account for issues, transfers, losses or other modes of disposal. Account Title Semi-Expendable Information and Communication Technology Equipment 10405030 Debit This account is used to recognize the cost/fair value of the purchased/acquired information and communications technology equipment, which includes laptops, printers, scanners, and the like, costing less than P15,000 for the use in government operations. Credit this account for issuance, transfers, loss or other disposal. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Semi-Expendable Agricultural and Forestry Equipment 10405040 Debit This account is used to recognize the cost/fair value of the purchased/acquired agricultural and forestry equipment costing less than P15,000. It includes threshing and milling machines, plow, grass cutting machines and the like. Credit this account for issuance, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Semi-Expendable Marine and Fishery Equipment 10405050 Debit This account is used to recognize the cost/fair value of the purchased/acquired marine and fishery equipment costing less than P15,000. Credit this account for issuance, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Semi-Expendable Airport Equipment 10405060 Debit This account is used to recognize the cost/fair value of the purchased/acquired airport equipment costing less than P15,000 for the use in government operations. Credit this account for issuance, 57 transfers, loss or other disposal. Account Title Account Number Normal Balance Description Semi-Expendable Communication Equipment 10405070 Debit This account is used to recognize the cost/fair value of the purchased/acquired communication equipment costing less than P15,000 for the use in government operations. Credit this account for issuance, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Semi-Expendable Disaster Response and Rescue Equipment 10405080 Debit This account is used to recognize the cost/fair value of the purchased/acquired disaster response and rescue equipment costing less than P15,000 for the use in disaster response and rescue activities. Credit this account for issuance, transfers, loss or other disposal. Subsidiary Ledgers: 01 – Firefighting Equipment and Accessories 02 – Flood Rescue Equipment 03 – Earthquake Rescue Equipment 04 – Volcanic Eruption Rescue Equipment 05 – Landslide Rescue Equipment Account Title Account Number Normal Balance Description Semi-Expendable Military, Police and Security Equipment 10405090 Debit This account is used to recognize the cost/fair value of the purchased/acquired military, police and security equipment costing less than P15,000 for the use in government operations. Credit this account for issuance, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Semi-Expendable Medical Equipment 10405100 Debit This account is used to recognize the cost/fair value of the purchased/acquired medical equipment costing less than P15,000 for the use in the delivery of medical services. Credit this account for issuance, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Semi-Expendable Printing Equipment 10405110 Debit This account is used to recognize the cost/fair value of the purchased/acquired printing equipment costing less than P15,000 for the use in government printing needs. Credit this account for issuance, transfers, loss or other disposal. 58 Account Title Account Number Normal Balance Description Semi-Expendable Sports Equipment 10405120 Debit This account is used to recognize the cost/fair value of the purchased/acquired sports equipment costing less than P15,000 for the use in the government’s promotion of sports, such as: treadmills, stationary bikes, weights, gymnastic facilities, basketball goals and the like. Credit this account for issuance, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Semi-Expendable Technical and Scientific Equipment 10405130 Debit This account is used to recognize the cost/fair value of the purchased/acquired technical and scientific equipment costing less than P15,000 for the use in government operations. Credit this account for issuance, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Semi-Expendable Construction and Heavy Equipment 10405140 Debit This account is used to recognize the cost/fair value of the purchased/acquired construction and heavy equipment for use in government operations costing less than P15,000 for the use in government operations. Credit this account for issuance, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Semi-Expendable Gaming Equipment 10405150 Debit This account is used to recognize the cost/fair value of the purchased/acquired gaming equipment costing less than P15,000 for the use in government operations. Credit this account for issuance, transfers, loss or other disposal. Account Title Account Number Normal Balance Description Semi-Expendable Other Machinery and Equipment 10405190 Debit This account is used to recognize the cost/fair value of the purchased/acquired machinery and equipment costing less than P15,000, not otherwise classified under the specific semiexpendable machinery and equipment accounts. Credit this account for issuance, transfers, loss or other disposal. 06 Semi-Expendable Furniture, Fixtures and Books Account Title Account Number Normal Balance Description Semi-Expendable Furniture and Fixtures 10406010 Debit This account is used to recognize the cost/fair value of the 59 purchased/acquired furniture and fixtures costing less than P15,000 for the use in the government operations. Credit this account for issuance, transfers, loss or other disposal and adjustments. Account Title Account Number Normal Balance Description Semi-Expendable Books 10406020 Debit This account is used to recognize the cost/fair value of the purchased/acquired books and other reference materials including those in electronic copies (in CD/DVD) for use in government operations that costs less than P15,000. Credit this account for issuance, transfers, loss or other disposal and adjustments. 07 Domestic Gold and Silver Inventory Account Title Account Number Normal Balance Description Gold for Refining 10407010 Debit This account is used to recognize the amount of local purchase of gold from gold panners by the BSP gold buying stations. Account Title Account Number Normal Balance Description Gold for Domestic Sales 10407020 Debit This account is used to recognize the amount of manufactured gold grains and gold sheets for sale to domestic buyers. Account Title Account Number Normal Balance Description Silver for Domestic Sales 10407030 Debit This account is used to recognize the amount of manufactured silver grains and silver sheets for sale to domestic buyers. Account Title Account Number Normal Balance Description Silver for Refining 10407040 Debit This account is used to recognize the amount of local purchases by the BSP gold buying stations of silver from gold panners for refinement into gold silver bars. 08 Plant Inventory Subsidiary Ledgers: 01 – Silver in Bullion Vault 02 – Gold in Bullion Vault 03 – Gold for Domestic Sale 04 – Raw Materials 05 – Finished Goods 99 – Others 60 05 Investment Property 01 Land and Buildings Account Title Account Number Normal Balance Description Investment Property, Land 10501010 Debit This account is used to recognize the cost of land or part of a land held by the owner (or by the lessee under a finance lease) to earn rentals or for capital appreciation or both. Credit this account for disposal or reclassification to Property, Plant and Equipment account when the property will be used other than to earn rental or for capital appreciation. For entities adopting the fair value model, this account shall be debited/credited for the increase/decrease in fair value of investment property. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Investment Property, Land 10501011 Credit This account is credited for the loss in the future economic benefits or service potential of the investment property. Debit this account upon disposal of the asset and reversal of impairment loss. This account is used by entities adopting the cost model. Account Title Account Number Normal Balance Description Investment Property, Buildings 10501020 Debit This account is used to recognize the cost of building or part of a building held by the owner (or by the lessee under a finance lease) to earn rentals or for capital appreciation or both. Credit this account for disposal or reclassification to Property, Plant and Equipment account. For entities adopting the fair value model, this account shall be debited/credited for the increase/decrease in fair value of investment property. Account Title Account Number Normal Balance Description Accumulated Depreciation-Investment Property, Buildings 10501021 Credit This account is credited for the allocation of cost of building held as investment property in accordance with the prescribed policy on depreciation. Debit this account upon disposal of the asset or reclassification to Property, Plant and Equipment account. This account is used by entities adopting the cost model. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Investment Property, Buildings 10501022 Credit This account is credited forth loss in the future economic benefits or service potential of the investment property, over and above depreciation, which is equivalent to the excess of the carrying 61 amount of the asset over its recoverable service amount. Debit this account upon disposal of the asset, upon reclassification to other Property, Plant and Equipment account, transfers or reversal of impairment loss. This account is used by entities adopting the cost model. 99 Construction in Progress Account Title Account Number Normal Balance Description Construction in Progress-Investment Property, Buildings 10599010 Debit This account is used to recognize the accumulated cost or other appropriate value of investment property-buildings which are still in the process of construction or development. Credit this account for reclassification to the appropriate Investment PropertyBuildings account upon completion. 06 Property, Plant and Equipment 01 Land Account Title Account Number Normal Balance Description Land 10601010 Debit This account is used to recognize the cost incurred in the purchase/reclamation or fair value if acquired through donation or transfers without cost of land. Credit this account upon disposal or reclassification to Investment Property account. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Land 10601011 Credit This account is credited for the amount recognized to reduce land to its recoverable amount due to impairment. Debit this account upon derecognition of the asset or reversal of impairment loss. 02 Land Improvements Account Title Account Number Normal Balance Description Land Improvements, Aquaculture Structures 10602010 Debit This account is used to recognize the cost incurred in the purchase or fair value, if acquired through donation or transfers without cost, of fishery and marine structures such as fishpond system, fish pens, fish tanks, and the like. Credit this account upon disposal or derecognition of the asset. 62 Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Depreciation-Land Improvements, Aquaculture Structures 10602011 Credit This account is credited for the allocation of cost of land improvements-aquaculture structures in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Accumulated Impairment Losses-Land Improvements, Aquaculture Structures 10602012 Credit This account is credited for the amount recognized to reduce land improvements, aquaculture structures to its recoverable amount. This is the difference between the land improvements-aquaculture's recoverable amount and its carrying amount at a specific accounting period. Debit this account upon disposal or derecognition of the asset or reversal of impairment loss. Account Title Account Number Normal Balance Description Land Improvements, Reforestation Projects 10602020 Debit This account is used to recognize the cost incurred in the reforestation such as the costs of seedlings, labor and maintenance contracts. Credit this account for disposal of the asset or derecognition of the cost of the deforested/devastated portion. Account Title Accumulated Impairment Losses-Land Improvements, Reforestation Projects 10602021 Credit This account is credited for the amount recognized to reduce reforestation projects to its recoverable amount. This is the difference between the land reforestation projects recoverable amount and its carrying amount at a specific accounting period. Debit this account upon disposal or derecognition of the asset or reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Other Land Improvements 10602990 Debit This account is used to recognize the cost incurred in the purchase or fair value, if acquired through donation or transfers without cost, of land improvements such as parking lots, landscape, walkways, driveways, covered walks, fences, and the like. Credit this account upon disposal or derecognition of the asset. 63 Account Title Account Number Normal Balance Description Accumulated Depreciation-Other Land Improvements 10602991 Credit This account is credited for the allocation of cost of other land improvements in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Land Improvements 10602992 Credit This account is credited for the amount recognized to reduce other land improvements to its recoverable amount. This is the difference between the other land improvement's recoverable amount and its carrying amount at a specific accounting period. Debit this account upon disposal or derecognition of the asset or reversal of impairment loss. 03 Infrastructure Assets Account Title Account Number Normal Balance Description Road Networks 10603010 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of the roads, highways and bridges, and other road network facilities such as traffic lights and road signage for public user for income generating purposes. Credit this account upon derecognition of the carrying amount of the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Road Networks 10603011 Credit This account is credited for the allocation of cost of road networks in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Road Networks 10603012 Credit This account is credited forth amount recognized to reduce road networks to its recoverable amount due to impairment. Debit this account upon derecognition of the asset or reversal of impairment loss. 64 Account Title Account Number Normal Balance Description Flood Control Systems 10603020 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of the seawalls, river walls and other flood control system facilities for public user for income generating purposes. Credit this account upon derecognition of the carrying amount of the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Flood Control Systems 10603021 Credit This account is credited for the allocation of cost of flood control systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Flood Control Systems 10603022 Credit This account is credited for the amount recognized to reduce flood control systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset and reversal of impairment loss. Account Title Account Number Normal Balance Description Sewer Systems 10603030 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of the waste treatment plants and other sewer system facilities for public user for income generating purposes. This also includes pumps, purification works, rising/gravity mains, air release valves, screens, overflows and associated infrastructures. Credit this account upon derecognition of the carrying amount of the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Sewer Systems 10603031 Credit This account is credited for the allocation of cost of sewer systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Sewer Systems 10603032 Credit This account is credited forth amount recognized to reduce sewer systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset and reversal of impairment 65 loss. Account Title Account Number Normal Balance Description Water Supply Systems 10603040 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of water source facility such as artesian wells, dams/reservoirs, pumping stations and conduits; irrigation canals and laterals; waterways, aqueducts, water utilities systems and other water supply facilities for public use or for income generating purposes. Credit this account upon derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Depreciation-Water Supply Systems 10603041 Credit This account is credited for the allocation of cost of water supply systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Water Supply Systems 10603042 Credit This account is credited for the amount recognized to reduce water supply systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset and reversal of impairment loss. Account Title Account Number Normal Balance Description Power Supply Systems 10603050 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of installations for generation and distribution of electricity such as power stations, electric transformers and other power and energy supply facilities for public use or for income generating purposes. Credit this account for derecognition of the carrying amount of the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Power Supply Systems 10603051 Credit This account is credited for the allocation of cost of power supply systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. 66 Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Power Supply Systems 10603052 Credit This account is credited for the amount recognized to reduce power supply systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset and reversal of impairment loss. Account Title Account Number Normal Balance Description Communication Networks 10603060 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of communication networks such as towers/transmitters/transceivers and other communication/telecommunication facilities for public use or for income generating purposes. Credit this account for derecognition of the carrying amount of the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Communication Networks 10603061 Credit This account is credited for the allocation of cost of communication networks in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Communication Networks 10603062 Credit This account is credited for the amount recognized to reduce communication networks to its recoverable amount due to impairment. Debit this account upon derecognition of the asset and reversal of impairment loss. Account Title Account Number Normal Balance Description Seaport Systems 10603070 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of ports, lighthouses, harbors and other seaport facilities, for public use or for income generating purposes. Credit this account for derecognition of the carrying amount of the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Seaport Systems 10603071 Credit This account is credited for the allocation of cost of seaport systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. 67 Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Seaport Systems 10603072 Credit This account is credited for the amount recognized to reduce sea transport systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset and reversal of impairment loss. Account Title Account Number Normal Balance Description Airport Systems 10603080 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of landing and taking-off area for aircraft, passengers’ arrival and departure areas, facilities for aircraft maintenance, and other airport facilities such as airport runways and taxiways, radio beacon, aprons, and the like, for public use or for income generating purposes. Credit this account for derecognition of the carrying amount of the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Airport Systems 10603081 Credit This account is credited for the allocation of cost of airport systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Airport Systems 10603082 Credit This account is credited for the amount recognized to reduce airport systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset and reversal of impairment loss. Account Title Account Number Normal Balance Description Parks, Plazas and Monuments 10603090 Debit This account is used to recognize the cost incurred in the construction or fair value, if acquired through donation or transfers without cost, of parks, plazas and monuments, not classified as Heritage Assets, for recreation and public use or for income generating purposes. Credit this account for derecognition of the carrying amount of the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Parks, Plazas and Monuments 10603091 Credit This account is credited for the allocation of cost of parks, plazas and monuments in accordance with the prescribed policy on 68 depreciation. Debit this account upon derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Parks, Plazas and Monuments 10603092 Credit This account is credited for the amount recognized to reduce parks, plazas and monuments to its recoverable amount due to impairment. Debit this account upon derecognition of the asset and reversal of impairment loss. Account Title Account Number Normal Balance Description Railway Systems 10603100 Debit This account is used to recognize the cost incurred in the construction or fair value, if acquired through donation or transfers without cost, of railways, subways and other railway facilities such as escalators, elevators, traffic lights and/or signages for public use or for income generating purposes. Credit this account upon derecognition of the carrying amount of the asset or the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Railway Systems 10603101 Credit This account is credited for the allocation of cost of railway systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Railway Systems 10603102 Credit This account is credited for the amount recognized to reduce railway systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset or reversal of impairment loss. Account Title Account Number Normal Balance Description Plant-Utility Plant in Service (UPIS) 10603110 Debit This account is used to recognize utility plant in service of water districts. Subsidiary Ledgers: 01 – Collecting and Impounding Reservoirs 02 – Lake, River, and Other Intakes 03 – Springs and Tunnels 04 – Wells 05 – Supply Mains 06 – Other Source of Supply Plant 07 – Other Pumping Plant 69 08 – Reservoirs and Tanks 09 – Transmission and Distribution Mains 10 – Fire Mains 11 – Service Connection 12 – Meters 13 – Meter Installation 14 – Hydrants 99 – Other Transmission and Distribution Mains Account Title Account Number Normal Balance Description Accumulated Depreciation-Plant (UPIS) 10603111 Credit This account is credited for the allocation of cost of plant (UPIS) in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Plant (UPIS) 10603112 Credit This account is credited for the amount recognized to reduce plant (UPIS) to its recoverable amount due to impairment. Debit this account upon derecognition of the asset and reversal of impairment loss. Account Title Account Number Normal Balance Description Other Infrastructure Assets 10603990 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of other public infrastructures which cannot be classified under any specific type of public infrastructures for public use or for income generating purposes. Credit this account upon derecognition of the carrying amount of the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Other Infrastructure Assets 10603991 Credit This account is credited for the allocation of cost of other infrastructure assets in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Infrastructure Assets 10603992 Credit This account is credited for the amount recognized to reduce other infrastructure assets to its recoverable amount due to impairment. Debit this account upon derecognition of the asset and reversal of impairment loss. 70 04 Buildings and Other Structures Account Title Account Number Normal Balance Description Buildings 10604010 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of buildings, such as: office buildings, research/convention/training centers, agricultural laboratories, warehouses, cold storages and the like, for use in government operations. Credit this account for disposal, derecognition of the carrying amount of the replaced portion in major repair, or reclassification to Investment Property account. Account Title Account Number Normal Balance Description Accumulated Depreciation-Buildings 10604011 Credit This account is credited for the allocation of cost of buildings in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Buildings 10604012 Credit This account is credited for the amount recognized to reduce buildings to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description School Buildings 10604020 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of school buildings for the implementation of government’s education/learning programs. Credit this account for disposal or derecognition of the carrying amount of the replaced portion in major repair. Account Title Account Number Normal Balance Description Accumulated Depreciation-School Buildings 10604021 Credit This account is credited for the allocation of cost of school buildings in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. 71 Account Title Account Number Normal Balance Description Accumulated Impairment Losses-School Buildings 10604022 Credit This account is credited for the amount recognized to reduce school buildings to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Hospitals and Health Centers 10604030 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of hospitals and health centers, for use in the delivery of public health services. Credit this account for disposal or derecognition of the carrying amount of the replaced portion in major repairs. Account Title Account Number Normal Balance Description Accumulated Depreciation-Hospitals and Health Centers 10604031 Credit This account is credited for the allocation of cost of hospitals and health centers in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Hospitals and Health Centers 10604032 Credit This account is credited for the amount recognized to reduce hospitals and health centers to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Markets 10604040 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of markets for income generation. Credit this account for disposal or derecognition of the carrying amount of the replaced portion in major repair. Account Title Account Number Normal Balance Description Accumulated Depreciation-Markets 10604041 Credit This account is credited for the allocation of cost of markets in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. 72 Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Markets 10604042 Credit This account is credited for the amount recognized to reduce markets to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Slaughterhouses 10604050 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of facilities where farm animals are butchered and processed. Credit this account for disposal or derecognition of the carrying amount of the replaced portion in major repair. Account Title Account Number Normal Balance Description Accumulated Depreciation-Slaughterhouses 10604051 Credit This account is credited for the allocation of cost of slaughterhouses in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Slaughterhouses 10604052 Credit This account is credited for the amount recognized to reduce slaughterhouses to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Hostels and Dormitories 10604060 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of hostels and dormitories for commercial and/or income generating purposes. Credit this account for disposal or derecognition of the carrying amount of the replaced portion in major repairs. Account Title Account Number Normal Balance Description Accumulated Depreciation-Hostels and Dormitories 10604061 Credit This account is credited for the allocation of cost of hostels and dormitories in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of 73 the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Hostels and Dormitories 10604062 Credit This account is credited for the amount recognized to reduce hostels and dormitories to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Water Plant, Structure and Improvements 10604070 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of water plant, structure and improvements. Credit this account for disposal or derecognition of the carrying amount of the replaced portion in major repairs. Subsidiary Ledgers: 01 – Source of Supply Plant Structures and Improvements 02 – Pumping Plant Structures and Improvements 03 – Water Treatment Structures and Improvement 04 – Transmission and Distribution Plant Structure and Improvements Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Depreciation-Water Plant, Structure and Improvements 10604071 Credit This account is credited for the allocation of water plant, structure and improvements in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Accumulated Impairment Losses-Water Plant, Structure and Improvements 10604072 Credit This account is credited for the amount recognized to reduce water plant, structure and improvements to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Other Structures 10604990 Debit This account is used to recognize the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of other structures for use in government 74 operations or for income generating purposes. Credit this account for disposal or derecognition of the carrying amount of the replaced portion in major repairs. Account Title Account Number Normal Balance Description Accumulated Depreciation-Other Structures 10604991 Credit This account is credited for the allocation of cost of other structures in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Structures 10604992 Credit This account is credited for the amount recognized to reduce other structures to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 05 Machinery and Equipment Account Title Account Number Normal Balance Description Machinery 10605010 Debit This account is used to recognize the cost incurred in the purchase or assembly or fair value, if acquired through donation or transfers without cost, of machinery. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Machinery 10605011 Credit This account is credited for the allocation of cost of other machinery in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Machinery 10605012 Credit This account is credited for the amount recognized to reduce other machinery to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 75 Account Title Account Number Normal Balance Description Office Equipment 10605020 Debit This account is used to recognize the cost incurred in the purchase or assembly or fair value, if acquired through donation or transfers without cost, of office equipment for use in government operations. It includes duplicating/photocopying machines, air conditioning units and the like. Credit this account for disposal or derecognition of the carrying amount of the replaced parts in major repairs. Account Title Account Number Normal Balance Description Accumulated Depreciation-Office Equipment 10605021 Credit This account is credited for the allocation of cost of office equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Office Equipment 10605022 Credit This account is credited for the amount recognized to reduce office equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Information and Communication Technology Equipment 10605030 Debit This account is used to recognize the cost incurred in the purchase of information and communication technology equipment, which includes hardware (computers, printers, scanners, and the like) and pre-loaded software such as but not limited to operating systems which are included in the cost of the computer hardware. This also includes data communications equipment and such other peripherals and auxiliary equipment necessary to put the system into operational mode. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs or disposal. Account Title Accumulated Depreciation-Information and Communication Technology Equipment 10605031 Credit This account is credited for the allocation of cost of information and communication technology equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Number Normal Balance Description 76 Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Information and Communication Technology Equipment 10605032 Credit This account is credited for the amount recognized to reduce information and communication technology equipment to their recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset or reversal of impairment. Account Title Account Number Normal Balance Description Agricultural and Forestry Equipment 10605040 Debit This account is used to recognize the cost incurred in the purchase or assembly or fair value, if acquired through donation or transfers without cost, of agricultural and forestry equipment. It includes threshing and milling machines, plow, saw used in cutting/trimming/pruning trees, grass cutting machines, and the like. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Agricultural and Forestry Equipment 10605041 Credit This account is credited for the allocation of cost of agricultural and forestry equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Accumulated Impairment Losses-Agricultural and Forestry Equipment 10605042 Credit This account is credited for the amount recognized to reduce agricultural and forestry equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Marine and Fishery Equipment 10605050 Debit This account is used to recognize the cost incurred in the purchase or assembly or fair value, if acquired through donation or transfers without cost, of marine and fishery equipment. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. 77 Account Title Account Number Normal Balance Description Accumulated Depreciation-Marine and Fishery Equipment 10605051 Credit This account is credited for the allocation of cost of marine and fishery equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Marine and Fishery Equipment 10605052 Credit This account is credited for the amount recognized to reduce marine and fishery equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Airport Equipment 10605060 Debit This account is used to recognize the cost incurred in the purchase or assembly or fair value, if acquired through donation or transfers without cost, of airport equipment for use in government operations. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Airport Equipment 10605061 Credit This account is credited for the allocation of cost of airport equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Airport Equipment 10605062 Credit This account is credited for the amount recognized to reduce airport equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Communication Equipment 10605070 Debit This account is used to recognize the cost incurred in the purchase or assembly or fair value, if acquired through donation or transfers without cost, of communication equipment for use in government operations. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. 78 Account Title Account Number Normal Balance Description Accumulated Depreciation-Communication Equipment 10605071 Credit This account is credited for the allocation of cost of communication equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Communication Equipment 10605072 Credit This account is credited for the amount recognized to reduce communication equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Construction and Heavy Equipment 10605080 Debit This account is used to recognize the cost incurred in the purchase or fair value, if acquired through donation or transfers without cost, of construction and heavy equipment for use in government operations, such as: bulldozers, forklifts, graders, pay loaders, dump trucks, and the like. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Construction and Heavy Equipment 10605081 Credit This account is credited for the allocation of cost of construction and heavy equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Accumulated Impairment Losses-Construction and Heavy Equipment 10605082 Credit This account is credited for the amount recognized to reduce construction and heavy equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Disaster Response and Rescue Equipment 10605090 Debit This account is used to recognize the cost incurred in the purchase or assembly, or fair value, if acquired through donation or transfers without cost, of equipment used solely for disaster response and 79 rescue activities. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Subsidiary Ledgers: 01 – Firefighting Equipment and Accessories 02 – Flood Rescue Equipment 03 – Earthquake Rescue Equipment 04 – Volcanic Eruption Rescue Equipment 05 – Landslide Rescue Equipment Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Depreciation-Disaster Response and Rescue Equipment 10605091 Credit This account is credited for the allocation of cost of disaster response and rescue equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Accumulated Impairment Losses-Disaster Response and Rescue Equipment 10605092 Credit This account is credited for the amount recognized to reduce disaster response and rescue equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Military, Police and Security Equipment 10605100 Debit This account is used to recognize the cost incurred in the purchase or fair value, if acquired through donation or transfers without cost, of military, police and security equipment acquired for use in government operations, such as: guns, armored vehicles, bomber aircrafts, military tanks, mobile cars, patrol boats, navy ships, closed circuit televisions, security cameras, etc. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Accumulated Depreciation-Military, Police and Security Equipment 10605101 Credit This account is credited for the allocation of cost of military, police and security equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Number Normal Balance Description 80 Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Military, Police and Security Equipment 10605102 Credit This account is credited for the amount recognized to reduce military, police and security equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Medical Equipment 10605110 Debit This account is used to recognize the cost incurred in the purchase or fair value if acquired through donation or transfers without cost of medical equipment acquired for delivery of medical services, such as: diagnostic equipment, (i.e. ultrasound, magnetic resonance imaging, CT scan, X-ray, reflex hammer, etc.), therapeutic equipment (i.e. infusion pumps, medical lasers, surgical machines, etc.), life support (i.e. ventilators, dialysis, etc.), monitors (electrocardiographs, electroencephalographs, stethoscopes, sphygmomanometers, etc.). It also includes hospital beds, medicine trolleys, medical furniture, (stretchers, wheelchairs), mobile clinics; and other hospital, dental and laboratory equipment. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Medical Equipment 10605111 Credit This account is credited for the allocation of cost of medical equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Medical Equipment 10605112 Credit This account is credited for the amount recognized to reduce medical equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Printing Equipment 10605120 Debit This account is used to recognize the cost incurred in the purchase or fair value, if acquired through donation or transfers without cost, of large printing equipment, such as offset press, letter press, bindery equipment, prepress machines, and the like, for use in government printing needs. Credit this account for derecognition 81 of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Printing Equipment 10605121 Credit This account is credited for the allocation of cost of printing equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Printing Equipment 10605122 Credit This account is credited for the amount recognized to reduce printing equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Sports Equipment 10605130 Debit This account is used to recognize the cost incurred in the purchase or assembly or fair value, if acquired through donation or transfers without cost, of sports equipment for use in the government’s promotion of sports, such as: treadmills, stationary bikes, weights, gymnastic facilities, boxing rings, basketball goals, and the like. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Sports Equipment 10605131 Credit This account is credited for the allocation of cost of sports equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Sports Equipment 10605132 Credit This account is credited for the amount recognized to reduce sports equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 82 Account Title Account Number Normal Balance Description Technical and Scientific Equipment 10605140 Debit This account is used to recognize the cost incurred in the purchase or assembly or fair value, if acquired through donation or transfers without cost, of technical and scientific equipment for use in government operations, such as survey equipment (telescopes, laser distance meters), weather tracking equipment, cartographic, photographic and reprographic equipment, and other specialized equipment, (i.e. musical instrument), and the like. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Technical and Scientific Equipment 10605141 Credit This account is credited for the allocation of cost of technical and scientific equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset Account Title Accumulated Impairment Losses-Technical and Scientific Equipment 10605142 Credit This account is credited for the amount recognized to reduce technical and scientific equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Gaming Equipment 10605150 Debit This account is used to recognize the cost of acquisition or assembly, or fair value, if acquired through donation or transfers without cost, of equipment used for lottery and gaming activities acquired for revenue generation. Credit this account for disposal (sale, transfers, destruction) and adjustments. Account Title Account Number Normal Balance Description Accumulated Depreciation-Gaming Equipment 10605151 Credit This account is credited for the allocation of cost of gaming equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. 83 Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Gaming Equipment 10605152 Credit This account is credited for the amount recognized to reduce gaming equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Other Equipment 10605990 Debit This account is used to recognize the cost incurred in the purchase or assembly or fair value, if acquired through donation or transfers without cost, of other equipment, not otherwise classified under the specific equipment accounts. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Other Equipment 10605991 Credit This account is credited for the allocation of cost of other equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Equipment 10605992 Credit This account is credited for the amount recognized to reduce other equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 06 Transportation Equipment Account Title Account Number Normal Balance Description Motor Vehicles 10606010 Debit This account is used to recognize the cost incurred in the purchase or assembly or fair value, if acquired through donation or transfers without cost, of motor vehicles for official use such as service vehicles (armored vehicles, cars, buses, vans, motorcycles, and the like). Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. 84 Account Title Account Number Normal Balance Description Accumulated Depreciation-Motor Vehicles 10606011 Credit This account is credited for the allocation of cost of motor vehicles in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Motor Vehicles 10606012 Credit This account is credited for the amount recognized to reduce motor vehicles to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Trains 10606020 Debit This account is used to recognize the cost incurred in the purchase or fair value, if acquired through donation or transfers without cost, of trains for public use. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Trains 10606021 Credit This account is credited for the allocation of cost of trains in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Trains 10606022 Credit This account is credited for the amount recognized to reduce trains to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Aircrafts and Aircrafts Ground Equipment 10606030 Debit This account is used to recognize the cost incurred in the purchase or fair value, if acquired through donation or transfers without cost, of aircrafts and aircrafts ground equipment for civil aviation to transport passengers, equipment and goods. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. 85 Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Depreciation-Aircrafts and Aircrafts Ground Equipment 10606031 Credit This account is credited for the allocation of cost of aircrafts and aircrafts ground equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Accumulated Impairment Losses-Aircrafts and Aircrafts Ground Equipment 10606032 Credit This account is credited for the amount recognized to reduce aircrafts and aircrafts ground equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Watercrafts 10606040 Debit This account is used to recognize the cost incurred in the purchase or assembly or fair value, if acquired through donation or transfers without cost, of watercrafts used to ferry passengers, equipment and goods for government operations or public use such as ships, small vessels, speedboats, motor boats, rafts and bancas. Credit this account for disposal or derecognition of the carrying amount of the replaced parts in major repairs. Account Title Account Number Normal Balance Description Accumulated Depreciation-Watercrafts 10606041 Credit This account is credited for the allocation of cost of watercrafts in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Watercrafts 10606042 Credit This account is credited for the amount recognized to reduce watercrafts to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Other Transportation Equipment 10606990 Debit This account is used to recognize the cost incurred in the purchase or assembly, or fair value, if acquired through donation or transfers without cost, of other transportation equipment which are not 86 classified under the specific transportation equipment accounts. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Other Transportation Equipment 10606991 Credit This account is credited for the allocation of cost of other transportation equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Transportation Equipment 10606992 Credit This account is credited for the amount recognized to reduce other transportation equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 07 Furniture, Fixtures and Books Account Title Account Number Normal Balance Description Furniture and Fixtures 10607010 Debit This account is used to recognize the cost of acquisition or assembly, or fair value, if acquired through donation or transfers without cost, of furniture and fixtures for use in government operations. Credit this account for disposal (sale, transfers, destruction) and adjustments. Account Title Account Number Normal Balance Description Accumulated Depreciation-Furniture and Fixtures 10607011 Credit This account is credited for the allocation of cost of furniture and fixtures in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Furniture and Fixtures 10607012 Credit This account is credited for the amount recognized to reduce furniture and fixtures to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 87 Account Title Account Number Normal Balance Description Books 10607020 Debit This account is used to recognize the cost of acquisition or production, or fair value, if acquired through donation or transfers without cost, of books and other reference materials including those in electronic copies (in CD/DVD), for use in government operations. Credit this account for disposal (sale, transfers, destruction) and adjustments. Account Title Account Number Normal Balance Description Accumulated Depreciation-Books 10607021 Credit This account is credited for the allocation of cost of books in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Books 10607022 Credit This account is credited for the amount recognized to reduce books to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 08 Leased Assets Account Title Account Number Normal Balance Description Leased Assets, Land 10608010 Debit This account is used to recognize the value of land under a finance lease. Credit this account to reclassify to the land account upon full payment of lease or to close the account upon termination of the lease contract. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Leased Assets, Land 10608011 Credit This account is credited for the amount recognized to reduce to its recoverable amount the value of land under a finance lease due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Leased Assets, Buildings and Other Structures 10608020 Debit This account is used to recognize the value of buildings and other structures under a finance lease. Credit this account to reclassify to the buildings and other structures account upon full payment of lease or to close the account upon termination of the lease contract. 88 Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Depreciation-Leased Assets, Buildings and Other Structures 10608021 Credit This account is credited for the allocation of cost of buildings and other structures under a finance lease in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Accumulated Impairment Losses-Leased Assets, Buildings and Other Structures 10608022 Credit This account is credited for the amount recognized to reduce to its recoverable amount the value of buildings and other structures under a finance lease due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Leased Assets, Machinery and Equipment 10608030 Debit This account is used to recognize the value of machinery and equipment under a finance lease. Credit this account to reclassify to the machinery and equipment account upon full payment of lease or to close the account upon termination of the lease contract Account Title Accumulated Depreciation-Leased Assets, Machinery and Equipment 10608031 Credit This account is credited for the allocation of cost of machinery and equipment under a finance lease in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Leased Assets, Machinery and Equipment 10608032 Credit This account is credited for the amount recognized to reduce to its recoverable amount the value of machinery and equipment under a finance lease due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Leased Assets, Transportation Equipment 10608040 Debit This account is used to recognize the value of transportation equipment under a finance lease. Credit this account to reclassify to the transportation equipment account upon full payment of lease 89 or to close the account upon termination of the lease contract. Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Depreciation-Leased Assets, Transportation Equipment 10608041 Credit This account is credited for the allocation of cost of transportation equipment under a finance lease in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Accumulated Impairment Losses-Leased Assets, Transportation Equipment 10608042 Credit This account is credited for the amount recognized to reduce to its recoverable amount the value of transportation equipment under a finance lease due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Leased Assets, Furniture and Fixtures 10608050 Debit This account is used to recognize the value of furniture and fixtures under a finance lease. Credit this account to reclassify to the furniture and fixtures account upon full payment of lease or to close the account upon termination of the lease contract. Account Title Account Number Normal Balance Description Accumulated Depreciation-Leased Assets, Furniture and Fixtures 10608051 Credit This account is credited for the allocation of cost of furniture and fixtures under a finance lease in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Accumulated Impairment Losses-Leased Assets, Furniture and Fixtures 10608052 Credit This account is credited for the amount recognized to reduce to its recoverable amount the value of furniture and fixtures under a finance lease due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Number Normal Balance Description 90 Account Title Account Number Normal Balance Description Other Leased Assets 10608990 Debit This account is used to recognize the value of other leased assets under a finance lease. Credit this account to reclassify to the appropriate Property, Plant and Equipment account upon full payment of lease or to close the account upon termination of the lease contract. Account Title Account Number Normal Balance Description Accumulated Depreciation-Other Leased Assets 10608991 Credit This account is credited for the allocation of cost of other leased assets in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Leased Assets 10608992 Credit This account is credited for the amount recognized to reduce to its recoverable amount the value other assets under a finance lease due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 09 Leased Assets Improvements Account Title Account Number Normal Balance Description Leased Assets Improvements, Land 10609010 Debit This account is used to recognize the cost of improvements and alterations made on land under operating lease which is used for government operations or for commercial and/or income generating purposes. Credit this account for derecognition of the carrying amount of the replaced portion in major repairs, disposal or termination of lease contract. Account Title Account Number Normal Balance Description Accumulated Depreciation-Leased Assets Improvements, Land 10609011 Credit This account is credited for the allocation of cost of leasehold improvements on land under operating lease in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Accumulated Impairment Losses-Leased Assets Improvements, Land 10609012 Credit This account is credited for the amount recognized to reduce to its recoverable amount the value of improvements on land under an Account Number Normal Balance Description 91 operating lease due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Leased Assets Improvements, Buildings 10609020 Debit This account is used to recognize the cost incurred in the construction of improvements on buildings under an operating lease for use in government operations or for commercial and/or income generating purposes. Credit this account for derecognition of the carrying amount of the replaced portion in major repairs, disposal or termination of lease contract. Account Title Account Number Normal Balance Description Accumulated Depreciation-Leased Assets Improvements, Buildings 10609021 Credit This account is credited for the allocation of cost of improvements on buildings under an operating lease in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Accumulated Impairment Losses-Leased Assets Improvements, Buildings 10609022 Credit This account is credited for the amount recognized to reduce to its recoverable amount the value of improvements on buildings under an operating lease due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Other Leased Assets Improvements 10609990 Debit This account is used to recognize the cost incurred in the construction of improvements on other assets/structures under operating lease for use in government operations or for commercial and/or income generating purposes. Credit this account for derecognition of the carrying amount of the replaced portion in major repairs, disposal or termination of lease contract. Account Title Account Number Normal Balance Description Accumulated Depreciation-Other Leased Assets Improvements 10609991 Credit This account is credited for the allocation of cost of other improvements on other assets/structures under operating lease in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. 92 Account Title Account Number Normal Balance Description 10 Accumulated Impairment Losses-Other Leased Assets Improvements 10609992 Credit This account is credited for the amount recognized to reduce to its recoverable amount the value of improvements on other assets/structures under an operating lease due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Heritage Assets Account Title Account Number Normal Balance Description Historical Buildings 10610010 Debit This account is used to recognize the carrying amount of buildings such as museums, old churches, cathedrals and mosques no longer used for worship held and preserved by the government for their cultural and historical significance. Credit this account for transfer to other entity or other disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Historical Buildings 10610011 Credit This account is credited for the allocation of cost of historical buildings in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Historical Buildings 10610012 Credit This account is credited for the amount recognized to reduce historical buildings to their recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Works of Arts and Archeological Specimens 10610020 Debit This account is used to recognize the carrying amount/acquisition cost or fair value, if acquired through donation or transfers without cost, of works of arts and archeological specimens held by an entity for their cultural or historical significance. Included in this account are monuments and memorials erected to commemorate persons or events, sculptures, archeological sites, and other works of arts. Credit this account for transfer to other entity or other disposal. 93 Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Depreciation-Works of Arts and Archeological Specimens 10610021 Credit This account is credited for the allocation of cost of works of arts and archeological specimens in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Accumulated Impairment Losses-Works of Arts and Archeological Specimens 10610022 Credit This account is credited for the amount recognized to reduce works of arts and archeological specimens to their recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Other Heritage Assets 10610990 Debit This account is used to recognize the carrying amount/acquisition cost or fair value, if acquired through donation or transfers without cost, of other heritage assets not otherwise classified under the specific heritage assets accounts. This includes environmental conservation areas and nature reserves, natural landmarks of historical interest, areas of land based on or concerned with events in history, and track of lands declared as public property by the National Government with a view to its preservation and development for purposes of recreation and culture. Credit this account for transfer to other entity or other disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Other Heritage Assets 10610991 Credit This account is credited for the allocation of cost of other heritage assets in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Heritage Assets 10610992 Credit This account is credited for the amount recognized to reduce other heritage assets to their recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 94 11 Service Concession-Tangible Assets Account Title Account Number Normal Balance Description Service Concession-Road Networks 10611010 Debit This account is used to recognize the cost or fair value of road networks recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Service Concession-Road Networks 10611011 Credit This account is credited for the allocation of cost of service concession-road networks in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. Account Title Accumulated Impairment Losses-Service Concession-Road Networks 10611012 Credit This account is credited for the amount recognized to reduce service concession-road networks to its recoverable amount due to impairment. Debit this account upon derecognition of the asset or reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Service Concession-Flood Control Systems 10611020 Debit This account is used to recognize the cost of flood control systems recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion. Account Title Accumulated Depreciation-Service Concession-Flood Control Systems 10611021 Credit This account is credited for the allocation of cost of service concession-flood control systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Service Concession-Flood Control Systems 10611022 Credit This account is credited for the amount recognized to reduce service concession-flood control systems to its recoverable amount due to impairment. Debit this account upon derecognition of the 95 asset or reversal of impairment loss. Account Title Account Number Normal Balance Description Service Concession-Sewer Systems 10611030 Debit This account is used to recognize the cost of sewer systems recognized as a result of service concession arrangement. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Account Title Account Number Normal Balance Description Accumulated Depreciation-Service Concession-Sewer Systems 10611031 Credit This account is credited for the allocation of service concessionsewer systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Account Title Accumulated Impairment Losses-Service Concession-Sewer Systems 10611032 Credit This account is credited for the amount recognized to reduce service concession-sewer systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset or reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Service Concession-Water Supply Systems 10611040 Debit This account is used to recognize the cost of water supply systems recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Account Title Accumulated Depreciation-Service Concession-Water Supply Systems 10611041 Credit This account is credited for the allocation of service concessionwater supply systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Service Concession-Water Supply Systems 10611042 Credit This account is credited for the amount recognized to reduce service concession-water supply systems to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. 96 Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Service Concession-Power Supply Systems 10611050 Debit This account is used to recognize the cost of power supply systems recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Accumulated Depreciation-Service Concession-Power Supply Systems 10611051 Credit This account is credited for the allocation of service concessionpower supply systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Accumulated Impairment Losses-Service Concession-Power Supply Systems 10611052 Credit This account is credited for the amount recognized to reduce service concession-power supply systems to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. Account Title Account Number Normal Balance Description Service Concession-Communication Networks 10611060 Debit This account is used to recognize the cost of communication networks recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Account Title Accumulated Depreciation-Service Concession-Communication Networks 10611061 Credit This account is credited for the allocation of service concessioncommunication networks in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Service ConcessionCommunication Networks 10611062 Credit This account is credited for the amount recognized to reduce service concession-communication networks to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. 97 Account Title Account Number Normal Balance Description Service Concession-Seaport Systems 10611070 Debit This account is used to recognize the cost of seaport systems recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Account Title Account Number Normal Balance Description Accumulated Depreciation-Service Concession-Seaport Systems 10611071 Credit This account is credited for the allocation of service concessionseaport systems in accordance with the prescribed policy on depreciation. Debit his account upon derecognition of asset. Account Title Accumulated Impairment Losses-Service Concession-Seaport Systems 10611072 Credit This account is credited for the amount recognized to reduce service concession-seaport systems to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Service Concession-Airport Systems 10611080 Debit This account is used to recognize the cost of airport systems recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Account Title Account Number Normal Balance Description Accumulated Depreciation-Service Concession-Airport Systems 10611081 Credit This account is credited for the allocation of service concessionairport systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Account Title Accumulated Impairment Losses-Service Concession-Airport Systems 10611082 Credit This account is credited for the amount recognized to reduce service concession-airport systems to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. Account Number Normal Balance Description 98 Account Title Account Number Normal Balance Description Service Concession-Parks, Plazas and Monuments 10611090 Debit This account is used to recognize the cost of parks, plazas and monuments recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion. Account Title Accumulated Depreciation-Service Concession-Parks, Plazas and Monuments 10611091 Credit This account is credited for the allocation of service concessionparks, plazas and monuments in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Service Concession-Parks, Plazas and Monuments 10611092 Credit This account is credited for the amount recognized to reduce service concession-parks, plazas and monuments to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. Account Title Account Number Normal Balance Description Service Concession-Railway Systems 10611110 Debit This account is used to recognize the cost of railway systems such as railways, subways and other railway facilities like escalators, elevators, traffic lights and/or signages, acquired through service concession arrangements. Credit this account upon derecognition of the carrying amount of the asset or the replaced portion. Account Title Account Number Normal Balance Description Accumulated Depreciation-Service Concession-Railway Systems 10611111 Credit This account is credited for the allocation of cost of service concession-railway systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. Account Title Accumulated Impairment Losses-Service Concession-Railway Systems 10611112 Credit This account is credited for the amount recognized to reduce service concession-railway systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset Account Number Normal Balance Description 99 or reversal of impairment. Account Title Account Number Normal Balance Description Service Concession-Buildings and Other Structures 10611120 Debit This account is used to recognize the cost of buildings and other structures recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Account Title Accumulated Depreciation-Service Concession-Buildings and Other Structures 10611121 Credit This account is credited for the allocation of service concessionbuildings and other structures in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Service Concession-Buildings and Other Structures 10611122 Credit This account is credited for the amount recognized to reduce service concession-buildings and other structures to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. Account Title Account Number Normal Balance Description Service Concession-Machinery and Equipment 10611130 Debit This account is used to recognize the cost of machinery and equipment recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Account Title Accumulated Depreciation-Service Concession-Machinery and Equipment 10611131 Credit This account is credited for the allocation of service concessionmachinery and equipment in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Account Number Normal Balance Description 100 Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Service Concession-Machinery and Equipment 10611132 Credit This account is credited for the amount recognized to reduce service concession-machinery and equipment to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. Account Title Account Number Normal Balance Description Service Concession-Transportation Equipment 10611140 Debit This account is used to recognize the cost of transportation equipment recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Account Title Accumulated Depreciation-Service Concession-Transportation Equipment 10611141 Credit This account is credited for the allocation of service concessiontransportation equipment in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Service ConcessionTransportation Equipment 10611142 Credit This account is credited for the amount recognized to reduce service concession-transportation equipment to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. Account Title Account Number Normal Balance Description Service Concession-Furniture, Fixtures and Books 10611150 Debit This account is used to recognize the cost of furniture, fixtures and books recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Account Title Accumulated Depreciation-Service Concession-Furniture, Fixtures and Books 10611151 Credit This account is credited for the allocation of service concessionfurniture, fixtures and books in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of Account Number Normal Balance Description 101 asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Service Concession-Furniture, Fixtures and Books 10611152 Credit This account is credited for the amount recognized to reduce service concession-furniture, fixtures and books to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. Account Title Account Number Normal Balance Description Service Concession-Land 10611160 Debit This account is used to recognize the cost of land recognized as a result of service concession arrangements. Credit this account upon derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Service Concession-Land 10611161 Credit This account is credited for the amount recognized to reduce service concession-land to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. Account Title Account Number Normal Balance Description Other Service Concession Assets 10611990 Debit This account is used to recognize the cost of other service concession assets recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Account Title Account Number Normal Balance Description Accumulated Depreciation-Other Service Concession Assets 10611991 Credit This account is credited for the allocation of other service concession assets in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Service Concession Assets 10611992 Credit This account is credited for the amount recognized to reduce other service concession assets to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal of impairment loss. 102 12 Exploration and Evaluation Assets Account Title Account Number Normal Balance Description Underground Tunnel 10612010 Debit This account is used to recognize the cost incurred in the purchase or fair value, if acquired through donation or transfers without cost of mining tunnel for use in the exploration for and evaluation of mineral resources. Credit this account for disposal or derecognition of the carrying amount of the replaced portion in major repairs. Account Title Account Number Normal Balance Description Accumulated Depreciation-Underground Tunnel 10612011 Credit This account is credited for the allocation of cost of underground tunnel in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Underground Tunnel 10612012 Credit This account is credited for the amount recognized to reduce underground tunnel to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Mining Equipment 10612020 Debit This account is used to recognize the cost incurred in the purchase or fair value, if acquired through donation or transfers without cost of mining equipment used for exploratory drilling, trenching, sampling and other activities in relation to evaluating the technical feasibility and commercial viability of extracting mineral resources. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Depreciation-Mining Equipment 10612021 Credit This account is credited for the allocation of cost of mining equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Mining Equipment 10612022 Credit This account is credited for the amount recognized to reduce mining equipment to its recoverable amount due to impairment. 103 Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Other Exploration and Evaluation Assets 10612990 Debit This account is used to recognize the cost incurred in the purchase or fair value, if acquired through donation or transfers without cost of exploration and evaluation assets other than tunnel and mining equipment. Account Title Accumulated Depreciation-Other Exploration and Evaluation Assets 10612991 Credit This account is credited for the allocation of cost of other exploration and evaluation assets in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Number Normal Balance Description Account Title Account Number Normal Balance Description 13 Accumulated Impairment Losses-Other Exploration and Evaluation Assets 10612992 Credit This account is credited for the amount recognized to reduce other exploration and evaluation assets to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Bearer Trees, Plants and Crops Account Title Account Number Normal Balance Description Bearer Trees, Plants and Crops 10613010 Debit This account is used to recognize the cost incurred in the purchase or fair value, if acquired through donation or transfers without cost of bearer trees, plants and crops. Credit this account for disposal or derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Bearer Trees, Plants and Crops 10613011 Debit This account is credited for the amount recognized to reduce bearer trees, plants and crops to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 104 98 Other Property, Plant and Equipment Account Title Account Number Normal Balance Description Work/Zoo Animals 10698010 Debit This account is used to recognize the cost or fair value, if acquired through donation or transfers without cost, of animals acquired by an entity for work, entertainment and recreation. This includes animals used in military and police operations, animals in farms, fields, zoos, wildlife sanctuaries, aviaries, aquariums, and the like. Credit this account for transfer to other entity, other disposal or loss due to death or other causes. Account Title Account Number Normal Balance Description Accumulated Depreciation-Work/Zoo Animals 10698011 Credit This account is credited for the allocation of cost of work/zoo animals in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Work/Zoo Animals 10698012 Credit This account is credited for the amount recognized to reduce work/zoo animals to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Other Property, Plant and Equipment 10698990 Debit This account is used to recognize the cost of acquisition or fair value, if acquired through donation or transfers without cost, of other property, plant and equipment not falling under any of the specific Property, Plant and Equipment account. Credit this account for derecognition of the carrying amount of the replaced parts in major repairs, or disposal. Account Title Account Number Normal Balance Description Accumulated Depreciation-Other Property, Plant and Equipment 10698991 Credit This account is credited for the allocation of cost of other property, plant and equipment in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. 105 Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Property, Plant and Equipment 10698992 Credit This account is credited for the amount recognized to reduce other property, plant and equipment to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 99 Construction in Progress Account Title Account Number Normal Balance Description Construction in Progress-Land Improvements 10699010 Debit This account is used to recognize the accumulated cost or other appropriate value of land improvements which are still in the process of construction or acquisition. Credit this account for reclassification to the appropriate Land Improvements account upon completion. Account Title Account Number Normal Balance Description Construction in Progress-Infrastructure Assets 10699020 Debit This account is used to recognize the accumulated cost or other appropriate value of infrastructure assets which are still in the process of construction or acquisition. Credit this account for reclassification to the appropriate Infrastructure Assets account upon completion. Account Title Account Number Normal Balance Description Construction in Progress-Buildings and Other Structures 10699030 Debit This account is used to recognize the accumulated cost or other appropriate value of buildings and other structures which are still in the process of construction or development. Credit this account for reclassification to the appropriate Buildings and Other Structures account upon completion. Account Title Account Number Normal Balance Description Construction in Progress-Leased Assets 10699040 Debit This account is used to recognize the accumulated cost or other appropriate value of assets under finance lease, still in the process of construction or development. Credit this account for reclassification to the appropriate Leased Assets account upon completion. 106 Account Title Account Number Normal Balance Description Construction in Progress-Leased Assets Improvements 10699050 Debit This account is used to recognize the accumulated cost or other appropriate value of improvements on assets under an operating lease, still in the process of construction or development. Credit this account for reclassification to the appropriate Leased Assets, Improvements account upon completion. Account Title Account Number Normal Balance Description Construction in Progress-Furniture and Fixtures 10699060 Debit This account is used to recognize the cost or accumulated value of furniture and fixtures which are still in the process of construction or development. Credit this account for reclassification to the appropriate Furniture and Fixtures account upon completion. 07 Biological Assets 01 Bearer Biological Assets Account Title Account Number Normal Balance Description Breeding Stocks 10701010 Debit This account is used to recognize the cost, or fair value, if acquired through donation or transfers without cost, of breeding stocks such as cattle, horse, swine, and the like, including offsprings, if intended as bearers, and until the point of harvest, if intended for sale/distribution/consumption. Credit this account for transfers to appropriate inventory accounts, loss or death. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Breeding Stocks 10701011 Credit This account is credited for the amount recognized to reduce breeding stocks to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. This account is used by entities adopting the cost model in case fair value cannot be measured reliably. Account Title Account Number Normal Balance Description Accumulated Depreciation-Breeding Stocks 10701012 Credit This account is credited for the allocation of cost of breeding stocks in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. This account is used by entities adopting the cost model. This account is used by entities adopting the cost model in case fair value cannot be measured reliably. 107 Account Title Account Number Normal Balance Description Livestock 10701020 Debit This account is used to recognize the cost, or fair value, if acquired through donation or transfers without cost, of livestock from which milk is produced, sheep and other animals used for wool production and the like. Credit this account for transfers to appropriate inventory accounts, loss or death. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Livestock 10701021 Credit This account is credited for the amount recognized to reduce livestock to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. This account is used by entities adopting the cost model in case fair value cannot be measured reliably. Account Title Account Number Normal Balance Description Accumulated Depreciation-Livestock 10701022 Credit This account is credited for the allocation of cost of livestock in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. This account is used by entities adopting the cost model in case fair value cannot be measured reliably. Account Title Account Number Normal Balance Description Trees, Plants and Crops 10701030 Debit This account is used to recognize the cost, or fair value, if acquired through donation or transfers without cost, of trees for forestry, bearer plants and, annual or perennial cropping, cultivating orchards and plantations and floriculture if intended as bearers, and until the point of harvest, if intended for sale/distribution/consumption intended for future sale/distribution/consumption. Credit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Trees, Plants and Crops 10701031 Credit This account is credited for the amount recognized to reduce trees, plants and crops to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. This account is used by entities adopting cost model in case the fair value cannot be measured reliably. 108 Account Title Account Number Normal Balance Description Accumulated Depreciation-Trees, Plants and Crops 10701032 Credit This account is credited for the allocation of cost of trees, plants and crops in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. This account is used by entities adopting the cost model in case fair value cannot be measured reliably. Account Title Account Number Normal Balance Description Aquaculture 10701040 Debit This account is used to recognize the cost, or fair value, if acquired through donation or transfers without cost, of fishes and other marine species intended for future sale/distribution/consumption. Credit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Aquaculture 10701041 Credit This account is credited for the amount recognized to reduce aquaculture to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Accumulated Depreciation-Aquaculture 10701042 Credit This account is credited for the allocation of cost of aquaculture in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. This account is used by entities adopting the cost model in case fair value cannot be measured reliably. Account Title Account Number Normal Balance Description Other Bearer Biological Assets 10701990 Debit This account is used to recognize the cost, or fair value, if acquired through donation or transfers without cost, of other bearer biological assets. Credit this account upon disposal or derecognition of the asset. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Bearer Biological Assets 10701991 Credit This account is credited for the amount recognized to reduce other bearer biological assets to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. This account is used by entities adopting the cost model in case fair value cannot be measured 109 reliably. Account Title Account Number Normal Balance Description 02 Accumulated Depreciation-Other Bearer Biological Assets 10701992 Credit This account is credited for the allocation of cost of other biological assets in accordance with the prescribed policy on depreciation. Debit this account upon disposal or derecognition of the asset. This account is used by entities adopting the cost model in case fair value cannot be measured reliably. Consumable Biological Assets Account Title Account Number Normal Balance Description Livestock Held for Consumption/Sale/Distribution 10702010 Debit This account is used to recognize the cost, or fair value, if acquired through donation or transfers without cost or for a nominal cost, of livestock held for consumption/sale/distribution. Credit this account for sale, loss or death or upon consumption or distribution. Account Title Accumulated Impairment Losses-Livestock Held for Consumption/Sale/Distribution 10702011 Credit This account is credited for the amount recognized to reduce livestock held for consumption/sale/distribution to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Trees, Plants and Crops Held for Consumption/Sale/Distribution 10702020 Debit This account is used to recognize the cost, or fair value, if acquired through donation or transfers without cost or for a nominal cost, of trees, plants and crops held for consumption/sale/distribution. Credit this account for sale, loss or death or upon consumption or distribution. Account Title Accumulated Impairment Losses-Trees, Plants and Crops Held for Consumption/Sale/Distribution 10702021 Credit This account is credited for the amount recognized to reduce trees, plants and crops held for consumption/ sale/distribution to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Number Normal Balance Description 110 Account Title Account Number Normal Balance Description Agricultural Produce Held for Consumption/Sale/Distribution 10702030 Debit This account is used to recognize the cost, or fair value, if acquired through donation or transfers without cost or for a nominal cost, of agricultural produce held for consumption/sale/distribution. Credit this account for transfer to appropriate inventory account depending on the intention (for sale, distribution or consumption), loss or death. Account Title Accumulated Impairment Losses-Agricultural Produce Held for Consumption/Sale/Distribution 10702031 Credit This account is credited for the amount recognized to reduce agricultural produce held for consumption/sale/distribution to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Aquaculture Held for Consumption/Sale/Distribution 10702040 Debit This account is used to recognize the cost, or fair value, if acquired through donation or transfers without cost or for a nominal cost, of fishes and other marine species held for consumption/sale/distribution. Credit this account for sale, loss or death or upon consumption or distribution. Account Title Accumulated Impairment Losses-Aquaculture Held for Consumption/Sale/Distribution 10702041 Credit This account is credited for the amount recognized to reduce the value of fishes and other marine species held for consumption/ sale/distribution to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Other Consumable Biological Assets 10702990 Debit This account is used to recognize the cost, or fair value, if acquired through donation or transfers without cost, of other consumable biological assets. Credit this account upon disposal or derecognition of the asset. 111 Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Consumable Biological Assets 10702991 Credit This account is credited for the amount recognized to reduce the value of other biological assets held for consumption/sale/distribution to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 08 Intangible Assets 01 Intangible Assets Account Title Account Number Normal Balance Description Patents/Copyrights 10801010 Debit This account is used to recognize the cost of obtaining an exclusive legal right for an invention to enable its holder to manufacture, sell and control an item or process. Credit this account for disposal, expiration and/or revocation of the patent/copyright. Account Title Account Number Normal Balance Description Accumulated Amortization-Patents/Copyrights 10801011 Credit This account is credited for the allocation of cost of patents/copyrights in accordance with the prescribed policy on amortization. Debit this account upon disposal, expiration and/or revocation of the patent/copyright. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Patents/Copyrights 10801012 Credit This account is credited for the amount recognized to reduce the value of the patents/copyrights to its recoverable amount or recoverable service amount to its recoverable amount due to impairment. Debit this account upon disposal, expiration, revocation of the patent/copyright and/or reversal of impairment. Account Title Account Number Normal Balance Description Computer Software 10801020 Debit This account is used to recognize the purchase cost or capitalized development cost of computer software programs for use in government operation. Development costs include cost of coding, testing and cost to produce product masters. Credit this account for obsolescence, transfers or other disposal. 112 Account Title Account Number Normal Balance Description Accumulated Amortization-Computer Software 10801021 Credit This account is credited for the allocation cost of computer software in accordance with the prescribed policy on amortization. Debit this account for obsolescence of the computer software, transfers or other disposal. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Computer Software 10801022 Credit This account is credited for the amount recognized to reduce the value of computer software to its recoverable amount or recoverable service amount due to impairment. Debit this account upon obsolescence of the computer software, transfers or other disposal and/or reversal of impairment. Account Title Account Number Normal Balance Description Websites 10801030 Debit This account is used to recognize the cost of completed website. Credit this account for obsolescence, transfers or other disposal. Account Title Account Number Normal Balance Description Accumulated Amortization-Websites 10801031 Credit This account is credited for the allocation of websites costs in accordance with the prescribed policy on amortization. Debit this account upon transfers or other disposal. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Websites 10801032 Credit This account is credited for the amount recognized to reduce the value of the website to its recoverable amount or recoverable service amount due to impairment. Debit this account upon obsolescence of the website, disposal and/or reversal of impairment. Account Title Account Number Normal Balance Description Goodwill 10801040 Debit This account is used to recognize the excess of amount paid over the fair value of the net identifiable assets acquired. 113 Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Goodwill 10801041 Credit This account is used to recognize the amount recognized to reduce the cost/amortized cost/fair value of goodwill due to impairment. Debit this account upon derecognition, transfers, reversal of impairment loss, and write-off. Account Title Account Number Normal Balance Description Other Intangible Assets 10801980 Debit This account is used to recognize the cost of obtaining other nonmonetary assets without physical substance which grants the owner legal and contractual rights and future economic benefits not otherwise classified under the specific intangible asset accounts. This includes trademarks, motion picture films, marketing rights, franchises and the like. Credit this account for termination and/or revocation of rights and benefits, transfers or other disposal. Account Title Account Number Normal Balance Description Accumulated Amortization-Other Intangible Assets 10801981 Credit This account is credited for the allocation of cost of other intangible assets in accordance with the prescribed policy on amortization. Debit this account upon termination and/or revocation of rights and benefits, transfers or other disposal. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Intangible Assets 10801982 Credit This account is credited for the amount recognized to reduce the value of other intangible assets to its recoverable amount or recoverable service amount due to impairment. Debit this account upon disposal, and/or reversal of impairment. 02 Service Concession-Intangible Assets Account Title Account Number Normal Balance Description Service Concession-Intangible Assets 10802010 Debit This account is used to recognize cost of intangible assets under service concession arrangements. Credit this account for obsolescence, transfers or other disposal. Account Title Account Number Normal Balance Description Accumulated Amortization-Service Concession-Intangible Assets 10802011 Credit This account is credited for the allocation of cost of service concession-intangible assets in accordance with the prescribed 114 policy on amortization. Debit this account upon termination and/or revocation of rights and benefits, transfers or other disposal. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Service Concession-Intangible Assets 10802012 Credit This account is credited for the amount recognized to reduce the value of service concession-intangible assets to its recoverable amount or recoverable service amount due to impairment. Debit this account upon disposal, and/or reversal of impairment. 99 Development in Progress Account Title Account Number Normal Balance Description Development in Progress-Patents/Copyrights 10899010 Debit This account is used to recognize the cost of product design development. Credit this account upon completion and transfer to the “Patents/Copyrights” account, and when the asset is impaired. Account Title Account Number Normal Balance Description Development in Progress-Computer Software 10899020 Debit This account is used to recognize the cost of coding, testing and other costs incurred during the development of computer software. Credit this account upon completion and transfer to “Computer Software” account, and when the asset is impaired. Account Title Account Number Normal Balance Description Development in Progress-Websites 10899030 Debit This account is used to recognize website development cost incurred during application and infrastructure development, graphical design and content development stages. Credit this account upon completion and transfer to the “Websites” account, and when the asset is impaired Account Title Account Number Normal Balance Description Development in Progress-Other Intangible Assets 10899980 Debit This account is used to recognize the cost incurred during development phases of intangible asset not otherwise classified under the specific intangible asset accounts. Credit this account upon completion and transfer to the appropriate intangible asset account, and when the asset is impaired. 115 09 International Reserves 01 International Reserves Account Title Account Number Normal Balance Description Due from Foreign Banks-Demand Deposits 10901010 Debit This account is used to recognize the foreign currency deposits of the BSP with foreign banks, which are considered to be the most liquid among the international assets since they are already in the form of cash and may be withdrawn without restrictions. Account Title Account Number Normal Balance Description Foreign Currency on Hand 10901020 Debit This account is used to recognize the amount of checks and other cash items received, denominated in foreign currency, and are limited to foreign currencies acceptable to form part of the international reserves. Account Title Account Number Normal Balance Description Foreign Currency in Transit 10901030 Debit This account is used to recognize foreign currency notes and coins shipped to foreign depository banks from Cash Department and BSP Regional Offices/Units. Account Title Account Number Normal Balance Description Foreign Investments 10901040 Debit This account is used to recognize the: a) foreign securities holdings of BSP including bonds, discounted U.S. Treasury Bills, commercial papers and other issuances of government sovereigns supranationals; b) repurchase agreements; c) managed funds; d) Asian bond fund; e) foreign securities/negotiable instrumentsForeign Securities available under Securities Lending Agreement; and f) managed fund-Foreign Securities receivable under Securities lending Agreement. Account Title Account Number Normal Balance Description Gold with Foreign Financial Institutions 10901050 Debit This account is used by BSP to recognize finished gold delivery bars, which are mobilized and shipped to the Bank of England (BSP's custodian for its gold reserves), and/or deposited with accelerated foreign counterparties for purposes of yield optimization and fund generation (collaterals for foreign loans payable). 116 Account Title Account Number Normal Balance Description Accrued Interest Paid on Foreign Securities Purchased 10901060 Debit This account is used by BSP to recognize the interest accrued from the date of last interest payment to date of purchase of foreign securities by BSP. Account Title Account Number Normal Balance Description Holdings of Special Drawing Rights 10901070 Debit This account is used by BSP to recognize unconditional international reserve asset created by the International Monetary Fund (IMF) in 1969 (initially represented an allocation proportionate to each participant's quota subscriptions with the IMF) to supplement gold and reserve currencies of participantcountries, which could be freely used by participants to offset a decline in their reserves or such other external need. 10 Non-International Reserves Foreign Assets 01 Foreign Exchange Receivables Account Title Account Number Normal Balance Description Foreign Exchange Receivables 11001010 Debit This account is used by BSP to recognize the amount of receivables from the National Government (NG) for principal and interest of securities used as collateral for NG bonds issued to pay NG’s foreign debt under the 1992 Philippine Financing Plan. Credit this account upon collection of receivables, transfers or write-off. 02 Due from Foreign Banks-Special Accounts Account Title Account Number Normal Balance Description Due from Foreign Banks-Special Accounts 11002010 Debit This account is used to recognize the amount of dollar deposit account with Citibank, Manila used to cover all peso/dollar purchase/sale transactions through the Philippine Dealing System. It is a temporary non-international reserve eligible foreign currency deposit before funds are transferred to/from the due from foreign banks-demand deposit (Federal Reserve Bank of New York). 117 03 Investments in Other Foreign Exchange Denominated Securities Account Title Account Number Normal Balance Description Investments in Other Foreign Exchange Denominated Securities 11003010 Debit This account is used to recognize the: a) investments in other foreign exchange denominated securities (Brady Bonds and BSP bonds issued by the national government and the BSP); b) equity investment; and c) investments in other foreign exchange denominated securities. Credit this account upon receipt of return of investment, sale or transfers. 11 Non-Current Assets Held for Sale 01 Non-Current Assets Held for Sale Account Title Account Number Normal Balance Description Non-Current Assets Held for Sale 11101010 Debit This account is used to recognize the amount of ROPA that are available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets and the sale must be highly probable. This shall be accounted for in accordance with PFRS 5. Credit this account upon sale. Account Title Accumulated Impairment Losses-Non-Current Assets Held for Sale 11101011 Credit This account is credited for the amount recognized to reduce the value of non-current assets held for sale to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Number Normal Balance Description 12 Deferred Tax Assets 01 Deferred Tax Assets Account Title Account Number Normal Balance Description Deferred Tax Assets 11201010 Debit This account is used to recognize the amount of income tax recoverable in future periods with respect to deductible temporary difference and operating loss carry forward and Minimum Corporate Income Tax. Credit this account to reduce tax liability. 118 99 Other Assets 01 Advances Account Title Account Number Normal Balance Description Advances for Operating Expenses 19901010 Debit This account is used to recognize the amount of advances granted to accountable officers for payment of operating expenses of operating/field units not maintaining complete set of books of accounts. Credit this account upon liquidation. Account Title Account Number Normal Balance Description Advances for Payroll 19901020 Debit This account is used to recognize the amount granted to regular disbursing officer for payment of salaries, wages, honoraria, allowances and other personnel benefits. Credit this account upon liquidation. Account Title Account Number Normal Balance Description Advances to Special Disbursing Officer 19901030 Debit This account is used to recognize the amount granted to government corporation’s accountable officers and employees for special purpose/time-bound undertakings to be liquidated within a specified period. It also includes labor payroll for projects undertaken by administration. Credit this account upon liquidation. Account Title Account Number Normal Balance Description Advances to Officers and Employees 19901040 Debit This account is used to recognize amount advanced to officers and employees for official travel. Credit this account for liquidation of advances. 02 Prepayments Account Title Account Number Normal Balance Description Advances to Contractors 19902010 Debit This account is used to recognize amount advanced to contractors as authorized by law. Credit this account for recoupment of advances. Account Title Account Number Normal Balance Description Prepaid Rent 19902020 Debit This account is used to recognize the amount advanced/deposited for leases/rentals of property, plant and equipment used in 119 government operations. Credit this account for the expended amount. Account Title Account Number Normal Balance Description Prepaid Registration 19902030 Debit This account is used to recognize the amount advanced for registration of government property. Credit this account for the expended amount. Account Title Account Number Normal Balance Description Prepaid Interest 19902040 Debit This account is used to recognize the amount advanced for interest of loans contracted by the government. Credit this account for the expended amount. Account Title Account Number Normal Balance Description Prepaid Insurance 19902050 Debit This account is used to recognize the amount advanced for the insurance of government property. Credit this account for the expended amount. Account Title Account Number Normal Balance Description Input Tax 19902060 Debit This account is used to recognize the amount creditable against the output tax for: a) the purchase or importation of goods for sale; or for conversion into or intended to form part of a finished product for sale including packaging materials, or for use as supplies in the course of business; or for use as materials supplied in the sale of service; or for use in the trade or business for which deduction for depreciation or amortization is allowed under the National Internal Revenue Code, except automobiles, aircrafts and yachts and the purchase of services on which a value-added tax has been actually paid. Credit this account upon offsetting against the output tax and/or set up of creditable input tax. Account Title Account Number Normal Balance Description Creditable Input Tax 19902070 Debit This account is used to recognize the excess input tax paid on purchases over output tax. Credit this account upon offsetting against output tax and/or set up of Vat Payable. Account Title Account Number Normal Balance Description Withholding Tax at Source 19902080 Debit This account is used to recognize the amount of creditable 120 withholding tax deducted by an entity, which is designated by the BIR as authorized agent, from rental or other services to be credited by BIR upon receipt from the entity of proof of remittance to the BIR together with BIR Form No. 2307. Account Title Account Number Normal Balance Description 03 Other Prepayments 19902990 Debit This account is used to recognize the amount of prepayments not falling under any of the specific prepayment accounts. Credit this account for the expended amount. Deposits Account Title Account Number Normal Balance Description Deposit on Letters of Credit 19903010 Debit This account is used to recognize the amount paid by the government corporation to the bank for opening letters of credit. Credit this account for delivery of goods purchased. Account Title Account Number Normal Balance Description Guaranty Deposits 19903020 Debit This account is used to recognize amount deposited for goods such as deposit for containers and deposits made to guarantee compliance with the terms of an agreement. Credit this account for application of deposit. Account Title Account Number Normal Balance Description Other Deposits 19903990 Debit This account is used to recognize the amount of deposits not falling under any of the specific deposit accounts. Credit this account for the expended amount. 04 Restricted Fund Account Title Account Number Normal Balance Description Restricted Fund 19904010 Debit This account is used to recognize the amount restricted by government corporations for authorized long-term plans except for liquidation of long-term debt. Credit this account for the expended amount. 121 99 Other Assets Account Title Account Number Normal Balance Description Foreclosed Property/Assets 19999020 Debit This account is used to recognize the fair value of foreclosed real and other property/assets acquired (ROPA) by government corporations. Credit this account for disposal or reclassification to other PPE/asset accounts. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Foreclosed Property/Assets 19999021 Credit This account is credited for the amount recognized to reduce the value of foreclosed property/asset to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Forfeited Property/Assets 19999030 Debit This account is used to recognize the fair value of property or assets forfeited as payment for tax debts. Credit this account for disposal or reclassification to other PPE accounts. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Forfeited Property/Assets 19999031 Credit This account is credited for the amount recognized to reduce the value of forfeited property/assets to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Title Account Number Normal Balance Description Confiscated Property/Assets 19999040 Debit This account is used to recognize the fair value of confiscated property or assets for which ownership has been finally decided in favor of the government. Credit this account for disposal or reclassification to other PPE accounts. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Confiscated Property/Assets 19999041 Credit This account is credited for the amount recognized to reduce the value of confiscated property/assets to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 122 Account Title Account Number Normal Balance Description Abandoned/Surrendered Property/Assets 19999050 Debit This account is used to recognize the fair value of abandoned or surrendered property or assets for which ownership has been finally decided in favor of the government. Credit this account for disposal or reclassification to other PPE accounts. Account Title Accumulated Impairment Losses-Abandoned/Surrendered Property/Assets 19999051 Credit This account is credited for the amount recognized to reduce the value of abandoned/surrendered property/assets to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Demonetized Commemorative Coins 19999060 Debit This account is used to recognize the value of coins, commemorating anniversaries of national heroes or historical events which have been declared without legal tender power or withdrawn from circulation. Account Title Account Number Normal Balance Description Commemorative Notes and Coins 19999070 Debit This account is used to recognize the commemorative notes and coins acquired by the Department of General Services of BSP. Account Title Account Number Normal Balance Description Deferred Charges/Losses 19999080 Debit This refers to the actual loss incurred on the sale/transfer of nonperforming assets to special purpose vehicles and to qualified individuals for housing under the "Special Purpose Vehicle (SPV) Act of 2002", which should be written down over a period of ten years in accordance with existing regulations, subject to disclosure requirement and other deferred charges/losses incurred. Account Title Account Number Normal Balance Description Items Under Litigation 19999090 Debit This account is used to recognize the amount of various claims the collection of which is uncertain due to pending court proceedings. 123 Account Title Account Number Normal Balance Description Other Assets 19999990 Debit This account is used to recognize assets not falling under any of the specific asset accounts. Credit this account for disposal or reclassification to specific asset accounts. Account Title Account Number Normal Balance Description Accumulated Impairment Losses-Other Assets 19999991 Credit This account is credited for the amount recognized to reduce asset not falling under any of the specific asset accounts to its recoverable amount due to impairment. Debit this account upon disposal, derecognition of the asset, or reversal of impairment. 2 LIABILITIES 2 Liabilities 01 Financial Liabilities 01 Payables Account Title Account Number Normal Balance Description Accounts Payable 20101010 Credit This account is used to recognize receipt/purchase/procurement/ acquisition of goods or services on account in the normal course of trade and business operation. It is also used to recognize liability set up against current operation for unpaid claims filed or received and other unpaid expenses and liabilities. Debit this account for payment or settlement of liabilities. Account Title Account Number Normal Balance Description Due to Officers and Employees 20101020 Credit This account is used to recognize incurrence of liability to officers and employees for salaries, benefits and other emoluments including authorized expenses paid in advance by the officers and employees. Debit this account for settlement or payment to officers and employees. Account Title Account Number Normal Balance Description Notes Payable 20101040 Credit This account is used to recognize issuance of promissory notes/trade acceptance and other negotiable instruments. Debit this account for payment or settlement of promissory notes. 124 Account Title Account Number Normal Balance Description Interest Payable 20101050 Credit This account is used to recognize accrual of interest on loans/bonds or other indebtedness, whether short-term or longterm. Debit this account for payment of the interest. Account Title Account Number Normal Balance Description Operating Lease Payable 20101060 Credit This account is used to recognize incurrence of a liability arising from operating lease contract. Debit this account for the payment of lease. Account Title Account Number Normal Balance Description Finance Lease Payable 20101070 Credit This account is used to recognize incurrence of liability arising from finance lease contract. Debit this account for the payment of lease. Account Title Account Number Normal Balance Description Awards and Rewards Payable 20101080 Credit This account is used to recognize granting of awards in recognition of any civic or professional achievement and of rewards to informers for the receipt of reliable information leading to successful arrest/capture of fugitives, seizure/confiscation of smuggled goods, or collection/recovery of unpaid taxes/surcharges/fines/penalties. Debit this account for payment to the grantee of the award/reward. Account Title Account Number Normal Balance Description Service Concession Arrangements Payable 20101090 Credit This account is used to recognize the liability arising from unconditional obligation of the grantor entity to make series of payments to the operator upon recognition of service concession assets, excluding finance charge and service components of the payments. Debit this account upon payment or when the amount of payments in advance of the service concession asset being recognized was expended. Account Title Account Number Normal Balance Description Accrued Benefits Payable 20101100 Credit This account is used to recognize accrued expenses from claims filed by members or received by government corporations such as GSIS, SSS, PhilHealth, etc. but not yet processed and paid. Debit 125 this account upon payment of the benefits. Account Title Account Number Normal Balance Description Insurance/Reinsurance Premium Payable 20101110 Credit This account is used to recognize the amount of premium due to insurance companies. Debit this account for the payment of premium. 02 Bills/Bonds/Loans Payable Account Title Account Number Normal Balance Description Treasury Bills Payable 20102010 Credit This account is used to recognize issuances/flotations of treasury bills to Government Securities Eligible Dealers (GSED), Government Corporations (GCs), Local Government Units (LGUs), Tax-Exempt Institutions (TEI) and other entities through auction, over the counter or tap method. Debit this account for redemptions of treasury bills. Account Title Account Number Normal Balance Description Bonds Payable-Domestic 20102020 Credit This account is used to recognize issuances/flotations of pesodenominated bonds. Debit this account for redemptions of bonds. Account Title Account Number Normal Balance Description Discount on Bonds Payable-Domestic 20102021 Debit This account is used to recognize discounts on issuance of pesodenominated bonds. Credit this account for amortization of the discount. Account Title Account Number Normal Balance Description Premium on Bonds Payable-Domestic 20102022 Credit This account is used to recognize premiums on issuance of pesodenominated bonds. Debit this account for amortization of the premium. Account Title Account Number Normal Balance Description Bond Issue Cost-Domestic 20102023 Debit This account is used to recognize the transaction costs incurred in connection with the issue and disposal of peso-denominated bonds. Credit this account for amortization of the bond issue cost. 126 Account Title Account Number Normal Balance Description Bonds Payable-Foreign 20102030 Credit This account is used to recognize offshore issuances/flotations of foreign currency-denominated bonds. Debit this account for redemptions of bonds. Account Title Account Number Normal Balance Description Discount on Bonds Payable-Foreign 20102031 Debit This account is used to recognize discounts on issuance of foreign currency-denominated bonds. Credit this account for amortization of the discount. Account Title Account Number Normal Balance Description Premium on Bonds Payable-Foreign 20102032 Credit This account is used to recognize premiums on issuance of foreign currency-denominated bonds. Debit this account for amortization of the premium. Account Title Account Number Normal Balance Description Bond Issue Cost-Foreign 20102033 Debit This account is used to recognize the transaction costs incurred in connection with the issue and disposal of foreign-denominated bonds. Credit this account for amortization of the bond issue cost. Account Title Account Number Normal Balance Description Loans Payable-Domestic 20102040 Credit This account is used to recognize receipt of loan proceeds (cash or non-cash) from local creditors. Debit this account for payments of loan amortization. Account Title Account Number Normal Balance Description Loans Payable-Foreign 20102050 Credit This account is used to recognize receipt of loan proceeds (cash or non-cash) from foreign governments or international financial institutions including: 1)gold-backed loan-short term liabilities which allows BSP to monetize its gold without reducing its gold reserves; 2) securities-backed loan-loans from the bank for International Settlement collateralized by BSP's holdings of Fixed Rate Investments or Medium Term Instruments issued by the Bank for International Settlement; 3) loans granted to the BSP by foreign banks to finance various projects funded out of 1989 New Money Facility; 4) Gold-Repo Deposit- liability account for gold under swap agreement whereby there is a firm commitment to 127 repurchase the quantity of gold exchanged; 5) Blocked Peso Deposit- peso deposited with BSP for Paris Club accounts of public and private sector borrowers with guarantee from a public sector entity, for which BSP has extended forward cover; and 6) all types of borrowings from foreign lending institutions denominated in foreign currency. Debit this account for payments of loan amortization. Account Title Account Number Normal Balance Description Bills Payable-Bangko Sentralng Pilipinas 20102060 Credit This account is used to recognize the amortized cost of obligations to the BSP. Debit this account for payments of loan amortization. Account Title Account Number Normal Balance Description Redeemable Preferred Shares 20102070 Credit This account is used to recognize preferred shares issued which provides for redemption on a specific date, i.e., mandatorily redeemable preferred shares. This shall be measured at amortized cost using the effective interest method. Account Title Account Number Normal Balance Description Term Loan Facility 20102080 Credit This account is used to recognize BSP non-collateralized loan evidenced by an agreement that involves the participation of both domestic and offshore creditors. Account Title Account Number Normal Balance Description Other Bills/Bonds/Loans Payable 20102990 Credit This account is used to recognize the amortized cost of other borrowings, which cannot be appropriately classified under any of the specific bills/bonds/loans payable accounts. Debit this account upon redemption of other bills/bonds payable or payment of loan amortization for other loans payable. 03 Tax Refunds Payable Account Title Account Number Normal Balance Description Tax Refunds Payable 20103010 Credit This account is used to recognize amount refundable to taxpayers for excess amount paid/withheld. Debit this account upon payment or return of the tax refunds to the taxpayers. 128 04 Financial Liabilities Designated at Fair Value through Surplus/Profit or Deficit/Loss Account Title Account Number Normal Balance Description Financial Liability Designated at Fair Value through Surplus/Profit or Deficit/Loss 20104010 Credit This account is used to recognize financial liabilities that upon initial r ecognition are designated by the government corporation at fair value through surplus/profit or deficit/loss. Debit this account upon derecognition. 05 Financial Liabilities Held for Trading Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Derivatives Financial Liability with Negative Fair Value Held for Trading 20105010 Credit This account is used to recognize the negative fair value of derivatives acquired for the GFI’s trading activities. Debit this account upon derecognition. Liability for Short Position 20105020 Credit This account is used to recognize the obligation of the purchaser/borrower of securities under Reverse Repurchase Agreements/Certificates of Assignment/Participation with Recourse/Securities Lending and Borrowing Agreements to return the securities purchased/borrowed from the seller/lender, which the former sold/pledged to third parties. Debit this account upon derecognition. 06 Financial Liabilities Associated with Transferred Assets Account Title Account Number Normal Balance Description Financial Liabilities Associated with Transferred Assets 20106010 Credit This account is used to recognize the consideration received arising from the transfer of assets that does not result in derecognition because the bank (transferor) has retained substantially all the risks and rewards of ownership of the transferred asset. 129 07 Domestic Securities Sold Under Repurchase Agreements Account Title Account Number Normal Balance Description Domestic Securities Sold Under Repurchase Agreements 20107010 Credit This account is used to recognize availment of a bank of the Reverse Repurchase window of BSP and is undertaken when BSP desires to decrease liquidity for a certain time. On a temporary basis, the bank sells government securities (the underlying instrument) with an undertaking/commitment to buy back the same securities after a specified period and at a specified rate. 08 Unsecured Subordinated Debt Account Title Account Number Normal Balance Description Unsecured Subordinated Debt 20108010 Credit This account is used to recognize the amortized cost of obligations arising from the issuance of unsecured subordinated debt, which may be eligible as Tier 2 (supplementary) capital of the bank, subject to certain terms and conditions. Account Title Account Number Normal Balance Description Unamortized Unsecured Subordinated Debt Discount 20108011 Debit This account is used to recognize the discount on unsecured subordinated debt. Credit this account for amortization of the discount. Account Title Account Number Normal Balance Description Unamortized Unsecured Subordinated Debt Premium 20108012 Credit This account is used to recognize the premium on unsecured subordinated debt. Debit this account for amortization of the premium. 99 Other Financial Liabilities Account Title Account Number Normal Balance Description Other Financial Liabilities 20199990 Credit This account is used to recognize the amount of other financial liabilities incurred which cannot be appropriately classified under any of the specific financial liability accounts. Debit this account for settlement of liabilities. 130 02 Inter-Agency Payables 01 Inter-Agency Payables Account Title Account Number Normal Balance Description Due to BIR 20201010 Credit This account is used to recognize taxes withheld from officers/employees and other entities other than Value Added Tax Payable and Income Tax Payable. Debit this account for remittance of the taxes withheld to the BIR. Subsidiary Ledgers: 01 – Withholding Tax on Compensation 02 – Expanded Withholding Tax 03 – Withholding Tax on Government Money Payments (GMP)-Percentage Taxes 04 – Withholding Tax on GMP – Value Added Taxes (GVAT) Account Title Account Number Normal Balance Description Due to GSIS 20201020 Credit This account is used to recognize the withholding of employees’ premium payments and other payables for remittance to the Government Service Insurance System (GSIS). Debit this account for the remittance of withheld amount. Subsidiary Ledgers: 01 – Life and Retirement Premium 02 – ECC 03 – Salary Loan 04 – Policy Loan Account Title Account Number Normal Balance Description Due to Pag-IBIG 20201030 Credit This account is used to recognize the withholding of employees’ premium payments and other payables for remittance to the Home Development Mutual Fund (HDMF). Debit this account for the remittance of withheld amount. Subsidiary Ledgers: 01 – Pag-IBIG Premium 02 – Pag-IBIG Multi-Purpose Loan 03 – Pag-IBIG Housing Loan 131 Account Title Account Number Normal Balance Description Due to PhilHealth 20201040 Credit This account is used to recognize the withholding of employees’ premium payments for remittance to the Philippine Health Insurance Corporation (PHIC). Debit this account for the remittance of withheld amount. Account Title Account Number Normal Balance Description Due to NGAs 20201050 Credit This account is used to recognize receipt of funds from National Government Agencies for the implementation of specific programs or projects and other inter-agency transactions subject to liquidation. Debit this account for delivery of goods/services, liquidation of funds received and settlement of liabilities. Account Title Account Number Normal Balance Description Due to Government Corporations 20201060 Credit This account is used to recognize the receipt of: a) funds from government corporations for delivery of goods/services as authorized by law; b) fund transfers from the government corporations for the implementation of specific programs or projects; c) NG-managed fund; d) escrow accounts; e) collateral deposits for the account of government corporations and SSS; and f) other inter-agency transactions, except those pertaining to GSIS, Pag-IBIG, PhilHealth and SSS. Debit this account for delivery of goods/services, liquidation/release of funds received and settlement of liabilities. Account Title Account Number Normal Balance Description Due to LGUs 20201070 Credit This account is used to recognize the receipt of funds from LGUs for delivery of goods/services as authorized by law, fund transfers for the implementation of specific programs or projects and other inter-agency transactions. Debit this account for delivery of goods/services, liquidation of funds received and settlement of liabilities. Account Title Account Number Normal Balance Description Due to Subsidiaries/Joint Venture/Associates/Affiliates 20201080 Credit This account is used to recognize the amounts payable to subsidiaries/joint ventures/associates/affiliates. Debit this account for settlement of liabilities. 132 Account Title Account Number Normal Balance Description Due to Treasurer of the Philippines 20201090 Credit This account is used to recognize payables of the government corporations to the National Treasury other than dividends due to the National Government. This includes all credits and deposits, including interest thereon. These credits and deposits, including interest thereon, shall remain in this account up to the time the proceeds thereof have been remitted under court order to the Treasurer of the Philippines. Account Title Account Number Normal Balance Description Due to Parent Corporations 20201100 Credit This account is used to recognize the amounts payable by subsidiaries and associates/affiliates of government corporations to parent corporations. Debit this account for delivery of goods/services, liquidation of funds received and settlement of liabilities. Account Title Account Number Normal Balance Description Due to SSS 20201110 Credit This account is used to recognize the withholding of employees’ premium payments and other payables for remittance to the Social Security System (SSS). Debit this account for the remittance of withheld amount. Subsidiary Ledgers: 01 – Life and Retirement Premium 02 – ECC 03 – Salary Loan 04 – Policy Loan Account Title Account Number Normal Balance Description Value Added Tax Payable 20201120 Credit This account is used to recognize the amount of the tax liability of the VAT registered seller or service provider to be remitted to the BIR reduced by creditable input tax. Debit this account upon monthly or quarterly filing/payment to the BIR. Account Title Account Number Normal Balance Description Income Tax Payable 20201130 Credit This account is used to recognize the amount of income tax due to the BIR reduced by creditable withholding taxes. Debit this account upon payment to the BIR and for any adjustments made to the account. 133 02 Due to BSP/Other Banks/Others Account Title Account Number Normal Balance Description Due to BSP 20202010 Credit This account is used to recognize the estimated liability for the bank’s share in the cost of maintaining the appropriate supervision and examination department of the BSP, or other costs which cannot be appropriately classified and shall be set up monthly against current operations. Account Title Account Number Normal Balance Description Due to Resident Banks-Clearing Accounts 20202020 Credit This account is used to recognize the credit balances of deposit account maintained by other resident banks as clearing account. Account Title Account Number Normal Balance Description Due to Non-Resident Banks-Working Capital 20202030 Credit This account is used to recognize the deposit accounts maintained by non-resident banks as working funds denominated in local currency funded by inward remittances subject to drawing through payment order of the former. Account Title Account Number Normal Balance Description Due to Foreign Currency Deposit Unit/Regional Banking Units 20202040 Credit This account is used to recognize the credit balances for clearing of items/transactions between FCDU/RBU. Account Title Account Number Normal Balance Description Interbank Loans Payable 20202050 Credit This account is used to recognize the cost of borrowings from other resident banks and non-bank financial institutions with quasi-banking authority. This includes cost of call/demand borrowings or amortized costs of borrowings other than those payable on call/demand. Debit this account for payments of loan amortization. Subsidiary Ledgers: 01 - Interbank Call Loans 02 - Interbank Term Loans 134 Account Title Account Number Normal Balance Description Due to International Monetary Fund 20202060 Credit This account is used to recognize the purchase/repurchase of Special Drawing Rights in US dollar equivalent under International Monetary Fund credit facilities; credited for revaluation loss due to fluctuation in exchange rates and debited for revaluation gain and payment of local administrative expenses. Account Title Account Number Normal Balance Description Allocation of Special Drawing Rights 20202070 Credit This account is used to recognize the liability to International Monetary Fund as a result of the creation of special drawing rights as reserve assets in the BSP books. Month-end revaluation arising from fluctuations in exchange rates is credited/debited to "Revaluation Surplus". Account Title Account Number Normal Balance Description Due to Philippine Deposit Insurance Corporation 20202080 Credit This account is used to recognize the amount payable to the PDIC as premium on insurance for deposits. Debit this account for settlement of liabilities. Account Title Account Number Normal Balance Description Due to Philippine Crop Insurance Corporation 20202090 Credit This account is used to recognize the amount payable to the PCIC as premium on insurance covering production loans for palay under the supervised credit program, which premium shall include the share of the borrower-farmer and the bank. Debit this account for settlement of liabilities. Account Title Account Number Normal Balance Description Due to Head Office/Branches/Agencies Abroad 20202100 Credit This account is used to recognize the clearing account for items/transactions between the Philippine branches of foreign banks and its Head Office/Branches/Agencies abroad. This is the reciprocal account of “Due from Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank)”. Account Title Account Number Normal Balance Description Others 20202990 Credit This account is used to recognize the liabilities which cannot be appropriately classified under any of the specific accounts. Debit this account for settlement of liabilities. 135 03 Intra-Agency Payables 01 Intra-Agency Payables Account Title Account Number Normal Balance Description Due to Operating Units 20301040 Credit This account is used to recognize payables of central/home/head office from its operating units/field units below regional/branch level. It also includes fund transfers to an operating/field unit from another operating/field unit of the same government corporation. Debit this account for payment/liquidation of payable account. Account Title Account Number Normal Balance Description Due to Other Funds 20301050 Credit This account is used to recognize the authorized receipt of funds from one fund to another fund maintained by the same government corporation. Debit this account for transfer of the funds to another fund. Account Title Account Number Normal Balance Description Due to Central/Home/Head Office 20301060 Credit This account is used to recognize the receipt of funds from the Central/Head/Home Office by Regional/Branch/Field Offices of government corporation for the implementation of specific programs or project subject to liquidation. Debit this account for liquidation of funds received or settlement of liabilities. Account Title Account Number Normal Balance Description Due to Regional/Branch Offices 20301070 Credit This account is used to recognize payables of the Central/Head/Home Office to Regional/Branch Offices and between Regional/Branch Offices. Debit this account for liquidation of funds received or settlement of liabilities. 04 Trust Liabilities 01 Trust Liabilities Account Title Account Number Normal Balance Description Trust Liabilities 20401010 Credit This account is used to recognize the receipt of amount held in trust for specific purpose. Debit this account for payment or settlement of the liability. 136 Account Title Account Number Normal Balance Description Trust Liabilities-Disaster Risk Reduction and Management Fund 20401020 Credit This account is used to recognize the receipt of amount held in trust for Disaster Risk Reduction and Management. Debit this account for payment or settlement of the liability. Account Title Account Number Normal Balance Description Bail Bonds Payable 20401030 Credit This account is used to recognize the incurrence of liability arising from the receipt of cash bond from a person who is in the custody of the law to guaranty his appearance in court at the appointed day and time or the compliance with the conditions of the bond. It also includes immigration bonds required from foreign nationals charged with crimes or violations of Philippine laws. Debit this account for refund or forfeiture of the bond. Account Title Account Number Normal Balance Description Guaranty/Security Deposits Payable 20401040 Credit This account is used to recognize the incurrence of liability arising from the receipt of cash or cash equivalents to guaranty: (a) that the winning bidder shall enter into contract with the procuring entity; and (b) performance by the contractor of the terms of the contract. Debit this account for refund after the fulfillment of the purpose of the bond or forfeiture upon failure to comply with the purpose of the bond. Account Title Account Number Normal Balance Description Customers’ Deposits Payable 20401050 Credit This account is used to recognize the receipt of cash deposits from customers for goods/services to be delivered and property to be leased. Debit this account upon application of the deposit to the cost of the goods/services delivered and of the damages to the leased property. Account Title Account Number Normal Balance Description Margin Deposits 20401060 Credit This account is used to recognize the non-interest bearing deposits required on commercial letters of credit issued in favor of beneficiaries arising from movement of goods or services and deposits corresponding to negotiations on letters of credit evidenced by import bills and/or trust receipts. 137 Account Title Account Number Normal Balance Description Deposit from Prospective Investors 20401070 Credit This account is used to recognize the payments made by stockholders of government corporations on subscription to the increase in authorized capital which cannot be directly credited to “Common Stock Issued” account pending approval by the BSP and registration with the Securities and Exchange Commission of the amendment to the Articles of Incorporation increasing capital stock. 05 Deferred Credits/Unearned Income 01 Deferred Credits Account Title Account Number Normal Balance Description Deferred Finance Lease Revenue 20501010 Credit This account is used to set up in the books of the lessor the unearned income from finance lease which corresponds to the difference between the total finance lease receivable and the derecognized asset under a finance lease. Debit this account when lease income is earned. Account Title Account Number Normal Balance Description Deferred Service Concession Revenue 20501020 Credit This account is used to recognize the unearned service concession revenue arising from the grant to operator the right to earn revenue from third party users of the service concession asset or another revenue generating asset. Debit this account as the specific revenue is recognized. Account Title Account Number Normal Balance Description Output Tax 20501030 Credit This account is used to recognize the value added tax on the sale of goods/property and services. Debit this account upon offsetting against Input Tax/Creditable Input Tax and/or set up of VAT Payable and for any adjustments made to the account. Account Title Account Number Normal Balance Description Other Deferred Credits 20501990 Credit This account is used to recognize other transactions not falling under any of the specific deferred credits accounts. Debit this account when related income is earned. 138 02 Unearned Revenue/Income Account Title Account Number Normal Balance Description Unearned Revenue/Income-Investment Property 20502010 Credit This account is used to recognize the receipt of advance rent/lease income from investment property. Debit this account when rent/lease income is earned. Account Title Account Number Normal Balance Description Unearned Tax Subsidy 20502020 Credit This account is used to recognize the receipt of tax subsidy which is applicable to future period/s. Debit this account when revenue is earned. Account Title Account Number Normal Balance Description Commitment Contribution 20502030 Credit This account is used to recognize commitment contribution for the upgrading of airports. Debit this account when revenue is earned. Account Title Account Number Normal Balance Description Reserve for Unearned Premiums 20502040 Credit This account is used by PCIC to recognize the statutory legal reserve required for all unexpired risks of the entity. Debit this account for release of the reserve pertaining to expired risks and other adjustments made to the account. Account Title Account Number Normal Balance Description Other Unearned Revenue/Income 20502990 Credit This account is used to recognize other income/revenue received in advance not falling under any of the specific unearned revenue/income accounts. Debit this account when revenue is earned. 06 Provisions 01 Provisions Account Title Account Number Normal Balance Description Pension Benefits Payable 20601010 Credit This account is used to recognize accrual of pension of government personnel. Debit this account for payment of pension benefits. 139 Account Title Account Number Normal Balance Description Leave Benefits Payable 20601020 Credit This account is used to recognize accrual of money value of the earned leave credits of government personnel. Debit this account for monetization of earned leave and payment of terminal leave benefits. Account Title Account Number Normal Balance Description Retirement Gratuity Payable 20601030 Credit This account is used to recognize liability for retirement gratuity benefits due to government personnel. Debit this account upon payment of the retirement gratuity benefits. Account Title Account Number Normal Balance Description Provision for Product Warranty 20601040 Credit This account is used to recognize the provision for the best estimate of the costs of making good the warranty for the products sold before the balance sheet date. Debit this account upon payment/settlement of the liability. Account Title Account Number Normal Balance Description Provision for Environmental Damages 20601050 Credit This account is used to recognize the provision for a reasonable estimate of liability to be incurred to rectify environmental damage. Debit this account upon payment/settlement of the liability. Account Title Account Number Normal Balance Description Other Provisions 20601990 Credit This account is used to recognize liabilities of uncertain timing or amount. This includes provisions for litigation and other legal claims, warranty provisions, decommissioning provisions, or environmental provisions, among others. Debit this account upon payment/settlement of the liability. 07 Currency Issued 01 Currency Issued Account Title Account Number Normal Balance Description Currency Issued 20701010 Credit This account is used to recognize liability for Philippine currency notes and coins issued by the BSP Cash Department. 140 08 Deposit Liabilities 01 Deposit Liabilities Account Title Account Number Normal Balance Description Foreign Currency Deposits 20801010 Credit This account is used to recognize Foreign Currency DepartmentTreasurer of the Philippines (FCD-TOP) Special Accounts, FCDTOP Time Deposits. Account Title Account Number Normal Balance Description International Financial Institutions 20801020 Credit This account is used to recognize the Philippine Peso equivalent of foreign currencies sold to BSP for disbursement of foreign loans of the Philippine Government and debited simultaneously for payment to the NG or to various contractor-beneficiaries. Account Title Account Number Normal Balance Description Demand Deposit-Reserves 20801030 Credit This account is used to recognize deposits of banks and other financial institutions, including banks' respective funds to settle transactions due to/from BSP and with other banks in peso denominated currency and are subject to payment in legal tender, upon demand, by the presentation of checks to comply with the reserve requirements as provided under Section 94 of R.A. 7653. Account Title Account Number Normal Balance Description Demand Deposit 20801040 Credit This account is used to recognize deposits, subject to withdrawal either by check or through the automated tellering machines, which are otherwise known as current or checking accounts. Account Title Account Number Normal Balance Description Demand Deposit-Others 20801050 Credit This account is used to recognize trust funds (including accounts for Small and Medium Enterprises, In-Trust for BIR, Escrow account for commercial papers, Treasurer of the Philippines, other government entities, revolving fund and funds under administration) deposited with and/or managed by the BSP for various entities/instrumentalities of the government and other offices. 141 Account Title Account Number Normal Balance Description Savings Deposit 20801060 Credit This account is used to recognize interest-bearing deposits which are withdrawable either upon presentation of a properly accomplished withdrawal slip together with the corresponding passbook or through the automated tellering machines. Account Title Account Number Normal Balance Description Fixed-term Deposit 20801070 Credit This account is used to recognize receipt/set up of deposit and rollover of principal plus interest from the Treasurer of the Philippines and government corporations to BSP. Account Title Account Number Normal Balance Description Withdrawal in Progress 20801080 Credit This account is used to recognize the withdrawal of cash in the regions by the regional offices/branches of BSP. Account Title Account Number Normal Balance Description Negotiable Order of Withdrawal Accounts 20801090 Credit This account is used to recognize the interest bearing savings deposits which are withdrawable by means of Negotiable Orders of Withdrawal. Account Title Account Number Normal Balance Description Time Certificates of Deposit 20801100 Credit This account is used to recognize the interest-bearing deposits with specific maturity dates and evidenced by certificates issued by the bank. Account Title Account Number Normal Balance Description Long-term Negotiable Certificates of Deposit 20801110 Credit This account is used to recognize the interest bearing negotiable certificates of deposit with a minimum maturity of five years. Account Title Account Number Normal Balance Description Special Deposit Account 20801120 Credit This account is used to recognize the availment of a bank of the special deposit account facility of the BSP. 142 09 Deferred Tax Liabilities 01 Deferred Tax Liabilities Account Title Account Number Normal Balance Description Deferred Tax Liabilities 20901010 Credit This account is used to recognize future tax liability arising from an income, which is temporary and not taxable, and excess of net income per financial statements over taxable income multiplied by the tax rate. 99 Other Payables 99 Other Payables Account Title Account Number Normal Balance Description Special Time Deposit 29999010 Credit This account is used to recognize the non-interest bearing deposits used as security for IGLF purposes. Account Title Account Number Normal Balance Description Treasurer/Cashier/Manager's Check 29999020 Credit This account is used to recognize the total amount of checks drawn by the bank upon itself payable to the payees named in the check. Account Title Account Number Normal Balance Description Payment Order Payable 29999030 Credit This account is used to recognize the inward and outward remittances of funds by telegraphic transfers, demand drafts or mail transfer orders received by the bank pending payment/disposition to designated beneficiaries or application/disposition to appropriate accounts. Account Title Account Number Normal Balance Description Undistributed Collections 29999040 Credit This account is used to recognize temporary pool of collection of members' contribution and loan amortizations of paying members and other unidentified collections of government corporations as of the close of the transaction date. Account Title Account Number Normal Balance Description Unclaimed Balances 29999050 Credit This account is used to recognize other credits held by the bank in favor of persons known to be dead or unheard from during the preceding ten (10) years or more which have not been reported to 143 the Treasurer of the Philippines pursuant to the provisions of the Unclaimed Balances Act (Act No. 3936, as amended). Debit this account upon payment to the proper parties. Account Title Account Number Normal Balance Description Loans by Regional Banking Units from Foreign Currency Deposit Unit/Expanded Foreign Currency Deposit Unit 29999060 Credit This account is used to recognize the Foreign Currency Deposit Unit (FCDU)/Expanded Foreign Currency Deposit Unit (EFCDU) funds borrowed by Regional Banking Unit (RBU) solely for the purpose of funding RBU’s net fund outflow on its on-balance sheet foreign exchange transactions, as allowed under existing regulations. Account Title Account Number Normal Balance Description Liability for Letters of Credit 29999070 Credit This account is used to recognize letters of credit for importations issued by the bank. Debit this account upon payment/settlement of the liability. Account Title Outstanding Acceptances Executed by or for Account of the Bank 29999080 Credit This account is used to recognize total liabilities of the bank to its correspondent banks arising from customer trade, which calls for time drafts payable within a specified number of days from the date of presentation by the beneficiary, for which the bank has given accommodations to the buyer/importer in the form of acceptance credit. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Dividends Payable 29999090 Credit This account is used to recognize the amount of unpaid cash dividends declared by the Board of Directors to stockholders of record. Debit this account upon payment/settlement of the liability. Account Title Account Number Normal Balance Description Servicing Liabilities 29999100 Credit This account is used to recognize the fee received from securitization transactions wherein the amount is not expected to compensate the bank adequately for performing the servicing. Debit this account upon payment/settlement of the liability. 144 Account Title Account Number Normal Balance Description Insured Deposit Claims Payable 29999110 Credit This account is used to recognize validated but unpaid insured deposits of closed banks. Debit this account upon payment/settlement of the liability. Account Title Account Number Normal Balance Description Return Premiums Payable 29999120 Credit This account is used by PCIC to recognize the amount of premium refunds due to assured-farmers/lending institutions arising from insurance collections. Debit this account for payment of refund premium. Account Title Account Number Normal Balance Description No Claim Bonus Payable 29999130 Credit This account is used by PCIC to recognize amount of no claim benefit incurred as of a given date but not yet paid. Debit this account upon payment/settlement of the liability. Account Title Account Number Normal Balance Description Other Payables 29999990 Credit This account is used to recognize other liabilities not falling under any of the specific payable accounts. Debit this account for settlement of liabilities. 3 EQUITY 3 Equity 01 Government Equity 01 Government Equity Account Title Account Number Normal Balance Description Accumulated Surplus/(Deficit) 30101010 Credit (Debit) This account is used to recognize the cumulative results of normal and continuous operations of a non-Government Business Enterprise (non-GBE) including prior period adjustments, effect of changes in accounting policy and other capital adjustments. This account is used to close the Revenue/Income and Expense Summary account. 145 Account Title Account Number Normal Balance Description Government Equity 30101020 Credit (Debit) This account is used to recognize the amount paid by the NG whether in cash or in kind as approved under the GC's charter for non-stock corporations. Account Title Account Number Normal Balance Description Contributed Capital 30101030 Credit (Debit) This account is used to recognize capital contributed by the government to the entity. It includes share capital as well as share premium. 02 Revaluation Surplus 01 Revaluation Surplus Account Title Account Number Normal Balance Description 03 Revaluation Surplus 30201010 Credit (Debit) This account is used to recognize the result of revaluation of assets. The credit balance represents the excess of revaluation/appraisal value over the book value of the revalued asset. The decrease shall be debited directly to the extent of any credit balance existing in the revaluation surplus. Intermediate Accounts 01 Intermediate Accounts Account Title Account Number Normal Balance Description Revenue/Income and Expense Summary 30301020 Credit (Debit) This is an intermediary account used by the government corporation to close in the books all income accounts and all expense accounts. This account is closed to Accumulated Surplus/(Deficit) or to Retained Earnings/(Deficit) account. 04 Equity in Joint Venture 01 Equity in Joint Venture Account Title Account Number Normal Balance Description Equity in Joint Venture 30401010 Credit This account is used to recognize equity shareholding in a joint venture. 05 Gains/Losses 146 06 Equity in Associates/Affiliates 01 Equity in Associates/Affiliates Account Title Account Number Normal Balance Description Equity in Associates/Affiliates 30601010 Credit This account is used to recognize the equity shareholding in associates/affiliates. 07 Retained Earnings/(Deficit) 01 Retained Earnings/(Deficit) Account Title Account Number Normal Balance Description Retained Earnings/(Deficit) 30701010 Credit This account is used to recognize the cumulative results of normal and continuous operations of a GBE including prior period adjustments, effect of changes in accounting policy and other capital adjustments. This may also include funds set aside for various purposes in accordance with existing laws, rules and regulations. This account is used to close the Revenue/Income and Expense Summary account. 08 Stockholders ‘Equity 01 Stockholders’ Equity Account Title Account Number Normal Balance Description Share Capital 30801010 Credit This account is used to recognize the aggregate amount of fully paid shares, including stock dividends, for which the corresponding stock certificates have been issued. Account Title Account Number Normal Balance Description Share Premium 30801020 Credit This account is used to recognize the amount paid for shares in excess of par or stated value. Account Title Account Number Normal Balance Description Subscribed Share Capital 30801030 Credit This account is used to recognize the amount of subscribed shares, which has not been fully paid and/or, if fully paid, the corresponding stock certificates of which has not yet been issued. 147 Account Title Account Number Normal Balance Description Treasury Shares 30801040 Credit This account is used to recognize the entity's own shares of stock that have been issued and fully paid, subsequently reacquired through purchase or donations and have not been cancelled or re-issued. Account Title Account Number Normal Balance Description Stock Dividend Distributable 30801050 Credit This account is used to recognize stock dividends declared but not yet issued. Credit this account upon issuance of the stock dividends. Account Title Account Number Normal Balance Description Equity Component of Compound Financial Instruments 30801060 Credit This account is used to recognize the amount allocated, net of income tax effects, for the equity portion of compound financial instruments. Account Title Account Number Normal Balance Description Minority Interests in Subsidiaries 30801070 Credit This account is used to recognize equity of the minority shareholders in a company's subsidiaries. Account Title Account Number Normal Balance Description Other Equity Instruments 30801990 Credit This account is used to recognize the equity instruments that cannot be classified under any of the equity accounts. 09 Cumulative Translation Adjustment 01 Cumulative Translation Adjustment Account Title Account Number Normal Balance Description Cumulative Translation Adjustment 30901010 Credit This account is used to recognize the equity reserve resulting from the translation of foreign subsidiary currency into currency of the parent company upon consolidation; summarized gains and losses after currency translation for a period of time. 148 10 Cumulative Changes in Fair Value 01 Cumulative Changes in Fair Value Account Title Account Number Normal Balance Description Cumulative Changes in Fair Value of Investments 31001010 Credit (Debit) This account is used to recognize the accumulated gain or loss on changes in fair value of investments. Debit/Credit this account upon sale or disposal of the investment. REVENUES AND EXPENSES 4REVENUE 4 Revenue 01 Tax Revenue 01 Tax Revenue-Individual and Corporation Account Title Account Number Normal Balance Description Travel Tax 40101030 Credit This account is used to recognize the taxes imposed on individuals leaving the country irrespective of the place where the air ticket is issued and the form or place of payment. This account shall be closed to the Revenue/Income and Expense Summary account. 02 Service and Business Income 01 Service Income Account Title Account Number Normal Balance Description Permit Fees 40201010 Credit This account is used to recognize the fees and charges collected in the issuance of permits by government corporations in the exercise of regulatory powers. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Registration Fees 40201020 Credit This account is used to recognize the fees collected for registration of property, deeds, individuals and associations. This account shall be closed to the Revenue/Income and Expense Summary account. 149 Account Title Account Number Normal Balance Description Registration Plates, Tags and Stickers Fees 40201030 Credit This account is used to recognize fees collected for registration of plates, tags and stickers issued by authorized government corporations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Clearance and Certification Fees 40201040 Credit This account is used to recognize the fees collected for the issuance of clearances/certificates to individuals/organizations/ groups/corporations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Franchising Fees 40201050 Credit This account is used to recognize the fees collected for issuance of franchises on radio and/or television broadcasting companies, and other similar utilities. This includes fees on issuance of certificate of public conveyance for transport facilities, and certificate of conveyance for operation of communication facilities. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Licensing Fees 40201060 Credit This account is used to recognize the fees collected for the issuance of licenses, such as professional licenses and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Supervision and Regulation Enforcement Fees 40201070 Credit This account is used to recognize the fees and charges collected for supervision and enforcement of laws and regulations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Spectrum Usage Fees 40201080 Credit This account is used to recognize the fees collected for use, allocation and assignment of radio frequency wave lengths. This account shall be closed to the Revenue/Income and Expense Summary account. 150 Account Title Account Number Normal Balance Description Legal Fees 40201090 Credit This account is used to recognize the filing fees for criminal complaints, appeals/petitions for review, motions/pleadings, and others for consideration or comment of prosecutors and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Inspection Fees 40201100 Credit This account is used to recognize the fees for the conduct of inspections by authorized government corporations. This account also includes inspection fees imposed on leaf tobacco scrap, scrap cigars, cigarettes and other tobacco products imposed under the NIRC. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Verification and Authentication Fees 40201110 Credit This account is used to recognize the fees collected for verification of individual contract of employment, master/model or pro-forma contract, proof of visa availability, job order/manpower request, special power of attorney, group service contract of employment, recruitment/manning agreement and other similar documents. This account also includes fees collected for issuance of authenticated copies of legal documents. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Passport, Visa and Application Fees 40201120 Credit This account is used to recognize the fees and charges collected for the issuance of visas and passports including application fees, notarial fees and other consular services. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Processing Fees 40201130 Credit This account is used to recognize the fees collected for the processing of documents for securing permits/applications. This also includes import processing fees, processing for permit application and the like. This account shall be closed to the Revenue/Income and Expense Summary account. 151 Account Title Account Number Normal Balance Description Fines and Penalties-Service Income 40201140 Credit This account is used to recognize the fees collected for the processing of documents for fines and penalties charged to service income. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Mail Services Revenue 40201150 Credit This account is used by PhlPost to recognize the fees collected/billed for the delivery of domestic express or international mail services, and international mail exchange remuneration. The balance of this account net of discounts on mailing services shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledger: 01 – Domestic Express Mail Service 02 – International Mail Service 03 – International Mail Exchange Remuneration 99 – Other Mail Services Revenue Account Title Account Number Normal Balance Description Discounts on Mailing Services 40201151 Debit This account is used by PhlPost to recognize discounts on fees collected from the delivery of domestic or international express, registered, ordinary and parcel mail service and international mail exchange remuneration which includes fees from EMS delivery, terminal dues, transit charges, inward land rate, internal air conveyance, direct access/entry and the like. This account shall be deducted from Mail Services Revenue. Account Title Account Number Normal Balance Description Postal Payment Service Revenue 40201160 Credit This account is used by PhlPost to recognize the fees collected/billed from domestic postal payment service, international postal payment services and from logistics. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Domestic Postal Payment Service 02 – Outbound International Postal Payment Service 03 – Inbound International Postal Payment Service 04 – Logistics 99 – Other Postal Services Revenue 152 Account Title Account Number Normal Balance Description Fees and Commissions Income 40201170 Credit This account is used to recognize fees and commission collected from payment services, intermediation services, custodianship, underwriting and securities dealership, securitization activities, fiduciary activities, and other fees and commissions. This account shall be closed to the Revenue/Income and Expense Summary Account. Account Title Account Number Normal Balance Description Consultancy Fees 40201180 Credit This account is used to recognize fees collected from consultancy services/technical assistance provided to government entities, private sector, non-government organizations in the civil society, the academe, organized basic sector groups and the international donor entities. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Participation Fees 40201190 Credit This account is used to recognize fees collected from participation of exhibitors in the local and international trade exhibits, fairs and signature events. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Research Fees 40201200 Credit This account is used to recognize fees collected from research activities provided to the entities of the government, private sector, non-government organizations in the civil society, the academe, organized basic sector groups and the international donor entities. This also includes researches/analysis concerning tobacco, cigars and cigarettes done by National Tobacco Administration for its clients. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Accreditation Fees 40201210 Credit This account is used to recognize the accreditation fees charged by PRA on retirement facilities and/or establishments. This account shall be closed to the Revenue/Income and Expense Summary account. 153 Account Title Account Number Normal Balance Description Cancellation Fees 40201220 Credit This account is used to recognize the fees charged by PRA on retiree-members for the cancellation of their membership from the Special Retirees Visa Program. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Other Service Income 40201990 Credit This account is used to recognize other service income not falling under any of the specific service income accounts. This account shall be closed to the Revenue/Income and Expense Summary account. 02 Business Income Account Title Account Number Normal Balance Description School Fees 40202010 Credit This account is used to recognize the fees imposed to students of state universities, colleges, public schools and other entities. It includes tuition, registration, athletic, cultural, diploma and graduation, transcript of records, library, training, entrance examination fee, comprehensive examination fee and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Affiliation Fees 40202020 Credit This account is used to recognize the fees collected by institutions from students undertaking practice of their professions. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Examination Fees 40202030 Credit This account is used to recognize the fees imposed for administering examinations such as licensure, trade, and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Seminar/Training Fees 40202040 Credit This account is used to recognize the fees collected or billed for attendance in short course trainings and seminars/conventions/ 154 workshops. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Rent/Lease Income 40202050 Credit This account is used to recognize the income from use of government property/facilities, such as rent/lease of function rooms/buildings, fees on storage, warehousing, use of heavy equipment of other government entities, rental fees of drilling equipment and accessories, leased lines/channels, safe deposit box, bank premises and equipment, real and other property acquired and the like. This also includes income from finance lease. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Communication Network Fees 40202060 Credit This account is used to recognize the fees collected from domestic money transfer, social telegram service, two-way radio service, public calling service, fixed line telephone service, telegraphic transfer, electronic messaging service and other related services. It includes fees collected for the connection of telephone services and the monthly fees for the use of the facility. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Transportation System Fees 40202070 Credit This account is used to recognize the income from the operation of transportation system like trains, buses, watercrafts, aircrafts, and the use of land transport system terminals. This includes terminal fees collected by Civil Aviation Authority of the Philippines (CAAP). This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Road Network Fees 40202080 Credit This account is used to recognize the toll fees charged for use of road network and bridges. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Waterworks System Fees 40202090 Credit This account is used to recognize the income from the operation of waterworks system, such as water connection fees, water 155 utilization fees, irrigation fees, and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Metered Sales to General Customers 02 – Unmetered Sales to General Customers 03 – Sales to Irrigation Customers 04 – Private Fire Protection Service 05 – Public Fire Protection Service 06 – Sales to Other Water Utilities for Resale 07 – Sales to Government Agencies by Contracts 99 – Other Waterworks System Fees Account Title Account Number Normal Balance Description Power Supply System Fees 40202100 Credit This account is used to recognize the income earned from power generation, transmission and distribution. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Seaport System Fees 40202110 Credit This account is used to recognize the fees imposed on vessels for use of port facilities, such as loading/discharging of cargoes, embarking/disembarking passengers, dockage berthing/bunkering and anchoring at the port, wharfage, arrastre/stevedoring, pilotage, fees charged for cargoes whether for domestic shipment or transshipment and security fee for the transport of containers and other similar fees. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Landing and Parking Fees 40202120 Credit This account is used to recognize the fees imposed on the use of airport facilities such as landing and taking-off area for aircraft, facilities for aircraft maintenance, and other airport facilities such as airport runways and taxiways, radio beacons, aprons and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Income from Hostels/Dormitories and Other Like Facilities 40202130 Credit This account is used to recognize the fees/charges for the use of hostels, dormitories, cottages, guest houses, restaurants, canteen, cafeterias, dormitory, staff houses, lodging houses and other similar facilities. This account shall be closed to the Revenue/Income and Expense Summary account. 156 Account Title Account Number Normal Balance Description Slaughterhouse Operation 40202140 Credit This account is used to recognize the collections from the operations of slaughterhouse which includes rentals of spaces for warehousing, livestock slaughter fees and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Income from Printing and Publication 40202150 Credit This account is used to recognize the income from sale of printed forms, materials or other publications. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Sales Revenue 40202160 Credit This account is used to recognize the income from sale of merchandise and other inventory items and services in the regular course of business. The balance of this account net of sales discount shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Sales Discounts 40202161 Debit This account is used to recognize discounts on sale of goods, medicines and other inventory items, and services. This account shall be deducted from Sales Revenue account. Account Title Account Number Normal Balance Description Hospital Fees 40202170 Credit This account is used to recognize the fees/charges for hospital services rendered to patients including medical, dental and laboratory services. The balance of this account net of discounts and free services shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Hospital Discounts, Allowances and Free Services 40202171 Debit This account is used to recognize the amount of discounts, allowances and assistance given to pay indigent patients, senior citizens, government employees and their dependents. This account shall be deducted from Hospital Fees account. 157 Account Title Account Number Normal Balance Description Guarantee Income 40202180 Credit This account is used to recognize the income earned from guarantees extended by government corporations to authorized borrowers. This shall also include fees collected from lending institutions participating in the agricultural guarantee program. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Fidelity Insurance Income 40202190 Credit This account is used to recognize the collection of premiums paid by the entity for the fidelity bonds of accountable officers. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Dividend Income 40202200 Credit This account is used to recognize cash dividends earned and/or actually collected on equity securities held as held for trading, designated at fair value through surplus/profit or deficit/loss, available for sale and investments in non-marketable equity securities by the government corporations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Interest Income 40202210 Credit This account is used to recognize the interest earned and/or actually collected on loans and receivables, investments and bank deposits/financial assets. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 04 – Due from Bangko Sentralng Pilipinas 05 – Due from Other Banks 06 – Financial Assets Held for Trading 07 – Financial Assets Designated at Fair Value through Surplus/Profit or Deficit/Loss 08 – Available for Sale (AFS) Financial Assets 09 – Held to Maturity (HTM) Financial Assets 10 – Unquoted Debt Securities Classified as Loans 11 – Loans and Receivables 12 – Loans and Receivables Arising from Repurchase Agreements Certificates of Assignment/Participation with Recourse and Securities Lending and Borrowing Transactions 158 13 – Derivatives with Positive Fair Value for Hedging 14 – Sales Contract Receivable 99 – Others Note: 01 to 03 are assigned SL codes in RCA for NGAs Account Title Account Number Normal Balance Description Share in the Profit/Revenue of Joint Venture 40202220 Credit This account is used to recognize the share of government entities from the profit of joint venture operations under the equity method of accounting or share in the revenue of joint venture. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Fines and Penalties-Business Income 40202230 Credit This account is used to recognize the fines and penalties charged for delayed or non-compliance with business regulatory requirements. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Insurance/Reinsurance Premium 40202250 Credit This account is used to recognize premiums received for life/third party liability/property and other non-life insurance and reinsurance. This account is also used to recognize premiums on insurance policies written by Philippine Crop Insurance Corporation (PCIC). The balance of this account net of premium discounts, returns and cancellations and premium reserves shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Insurance/Reinsurance Premium Discount 40202251 Debit This account is used by PCIC to recognize the amount of premium discounts granted to assured farmers/lending institutions. This account shall be deducted from Insurance/Reinsurance Premium account. Account Title Account Number Normal Balance Description Returns and Cancellations of Insurance/Reinsurance Premiums 40202252 Debit This account is used by PCIC to recognize the premiums returned to assured farmers and/or lending institutions arising from insurance cancellations. This account shall be deducted from Insurance/Reinsurance Premium account. 159 Account Title Account Number Normal Balance Description Insurance/Reinsurance Premium Reserves 40202253 Debit This account is used by PCIC to recognize the required reserve portion of the premium. Credit this account for the matured or lapsed policy. This account shall be deducted from Insurance/Reinsurance Premium account. Account Title Account Number Normal Balance Description Income from Acquired/Foreclosed Assets 40202260 Credit This account is used to recognize income from acquired/foreclosed property including income from the repurchase of dacioned assets, which are redeemed by the owners within the redemption period or extended redemption period. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Members' Contribution 40202270 Credit This account is used to recognize the insurance premiums contributed by members to the social insurance fund and contributions and premiums earned as considerations for the various risks insured against and the payment of benefits to the insured or beneficiaries. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Share in the Profit/Revenue of Associates/Affiliates 40202280 Credit This account is used to recognize the share in the profit of an associate/affiliate under the equity method of accounting. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Demurrage Revenue 40202290 Credit This account is used to recognize income earned for detaining freight cars, trucks or other ships beyond the stipulated free time for loading and unloading; and storage charge on goods in transit not called for within a reasonable or set time. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Income from Gaming Operations 40202300 Credit This account is used to recognize the gross sales from the major game operations of the Philippine Charity Sweepstakes Office 160 (PCSO) such as lotto, sweepstakes, keno games and the like. This is also used to recognize winnings and other income generated by the Philippine Amusement and Gaming Corporation (PAGCOR) from gaming operations such as peso table game, slot machine, dollar pit, intercity/casino link and electronic gaming and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Unclaimed Prizes 40202310 Credit This account is used to recognize the amount of unclaimed prizes of winners of games, lottery and other competitive and promotional activities. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Royalty Fees 40202320 Credit This account is used to recognize income earned for giving rights to contractors/operators to explore, develop and utilize the long term assets of the government. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Assessment Income 40202330 Credit This account is used by PDIC to recognize the amount of amortization of the earned portion of assessments collected from member banks. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Management Fees 40202340 Credit This account is used to recognize management fees received/imposed by the government corporations for the implementation of projects of other entities and other management service fees. This is also used by Philippine Retirement Authority (PRA) to recognize fees due from its accredited banks and harmonization fees collected pursuant to Board Resolution No. 92 series of 2007. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Visitorial Fees 40202350 Credit This account is used by PRA to recognize the annual fees due from retirees that have converted their pre-requisite deposits into active investments. This account shall be closed to the 161 Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Admission Fees 40202360 Credit This account is used to recognize the income from tour groups handled by tour operators and other admission fees received by government corporations from operations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Annual Fees 40202370 Credit This account is used to recognize the fees charged by PRA on retiree applicant upon joining the Special Resident Retirees Visa Program. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Other Business Income 40202990 Credit This account is used to recognize other business income not falling under any of the specific business income accounts. This account shall be closed to the Revenue/Income and Expense Summary account. 03 Assistance and Subsidy 01 Assistance and Subsidy Account Title Account Number Normal Balance Description Subsidy from National Government 40301010 Credit This account is used by non-GBEs to recognize NCA received; constructive receipt of Non-Cash Availment Authority (NCAA) for advanced payments made by foreign creditors and donors; constructive receipt of NCA for TRAs and Tax Expenditure Fund (TEF), budgetary support fund from the NG; and adjustments for lapsed NCA. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Subsidy from Other National Government Agencies 40301020 Credit This account is used to recognize financial assistance received in cash or in kind from other national government entities. This account shall be closed to the Revenue/Income and Expense Summary account. 162 Account Title Account Number Normal Balance Description Assistance from Local Government Units 40301030 Credit This account is used to recognize the amount of funds/assets transferred from LGUs (Province, City, Municipality or Barangay). This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Assistance from Government Corporations 40301040 Credit This account is used to recognize the amount of funds/assets transferred from government corporations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Subsidy from Other Funds 40301050 Credit This account is used to recognize the amount of funds/assets transferred from other funds. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Subsidy from Central Office 40301060 Credit This account is used to recognize amount of subsidy received by the Regional Office/Staff Bureau/Operating Unit from the Central Office. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Subsidy from Regional Office/Staff Bureau 40301070 Credit This account is used to recognize amount of subsidy received by the Operating Unit from the Regional Office/Staff Bureau. This account shall be closed to the Revenue/Income and Expense Summary account. 04 Shares, Grants and Donations 01 Shares Account Title Account Number Normal Balance Description Share from National Wealth 40401010 Credit This account is used to recognize share of government entities from the utilization/development of the national wealth. This account shall be closed to the Revenue/Income and Expense Summary account. 163 Account Title Account Number Normal Balance Description Share from PAGCOR/PCSO 40401020 Credit This account is used to recognize share of government entities from PAGCOR and PCSO. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Share from Earnings of Government Corporations 40401030 Credit This account is used to recognize the mandatory/statutory shares of government entities from receipts of government corporations other than PAGCOR and PCSO. This account shall be closed to the Revenue/Income and Expense Summary account. 02 Grants and Donations Account Title Account Number Normal Balance Description Income from Grants and Donations in Cash 40402010 Credit This account is used to recognize all grants and donations in cash received from other levels of government, private sectors or international institutions with or without restrictions or conditions. Grants and Donations in Cash which are not treated as receipts automatically appropriated shall be closed to Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Income from Grants and Donations in Kind 40402020 Credit This account is used to recognize all grants and donations in kind received from other levels of government, private sectors or international institutions with or without restrictions or conditions. Grants and donations in kind which are not treated as receipts automatically appropriated shall be closed to Revenue/Income and Expense Summary account. 05 Gains 01 Gains Account Title Account Number Normal Balance Description Gain on Foreign Exchange (FOREX) 40501010 Credit This account is used to recognize the gain in the revaluation of foreign denominated assets and liabilities including actual gain incurred in the conversion of foreign currency to local currency at balance sheet date. This account shall be closed to the Revenue/Income and Expense Summary account. 164 Account Title Account Number Normal Balance Description Gain on Sale/Redemption/Transfer of Investments 40501020 Credit This account is used to recognize realized gains on sale/redemption/transfer of investments such as financial assets held for trading, financial assets designated at fair value through surplus/profit or deficit/loss and non-trading financial assets. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gain on Sale of Investment Property 40501030 Credit This account is used to recognize gains on sale of capital assets held to earn rentals and/or held for capital appreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gain on Sale of Property, Plant and Equipment 40501040 Credit This account is used to recognize gains on sale of government PPEs including bank premises. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gain on Initial Recognition of Biological Assets 40501050 Credit This account is used to recognize gains on the initial recognition of biological assets. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gain on Sale of Biological Assets 40501060 Credit This account is used to recognize gains on the sale of biological assets. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Gain from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Physical Change 40501070 Credit This account is used to recognize gains from changes in fair value less cost to sell of biological assets due to physical change. This account shall be closed to the Revenue/Income and Expense Summary account. Account Number Normal Balance Description 165 Account Title Account Number Normal Balance Description Gain from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Price Change 40501080 Credit This account is used to recognize gains from changes in fair value less cost to sell of biological assets due to price change. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gain on Sale of Agricultural Produce 40501090 Credit This account is used to recognize the fair value of the harvests and offspring of biological assets at the point of harvest. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gain on Sale of Intangible Assets 40501100 Credit This account is used to recognize gains on the sale of intangible assets. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gain from Changes in Fair Value of Financial Instruments 40501110 Credit This account is used to recognize the gain from changes in fair value of financial instruments such as financial assets and liabilities held for trading, financial assets and liabilities designated at fair value through surplus/profit or deficit/loss and non-trading financial assets and liabilities. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gain on Initial Recognition of Agricultural Produce 40501120 Credit This account is used to recognize gains on the initial recognition of agricultural produce. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gain on Sale/Redemption/Transfer of Financial Liabilities 40501130 Credit This account is used to recognize gains from sale/redemption/transfer of financial liabilities designated at fair value through surplus/profit or deficit/loss, non-trading financial liabilities and held for trading securities. This account shall be closed to the Revenue/Income and Expense Summary account. 166 Account Title Account Number Normal Balance Description Gain from Fair Value Adjustment in Hedge Accounting 40501140 Credit This account is used to recognize gains from remeasuring the derivative hedging instruments at fair value or the foreign currency component of the carrying amount of a non-derivative hedging instrument. This also refers to gains arising from the change in fair value of the hedged items in a fair value hedge. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gain on Securitization 40501150 Credit This account is used to recognize the income recognized after full redemption of certificates or at the end of term of mortgagebacked securities. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gain from Changes in Fair Value of Investment Property 40501160 Credit This account is used to recognize the gain from changes in fair value of investment property. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Other Gains 40501990 Credit This account is used to recognize gains which are not classified under any of the specific gain accounts. This account shall be closed to the Revenue/Income and Expense Summary account. 06 Other Non-Operating Income 01 Sale of Assets Account Title Account Number Normal Balance Description Sale of Garnished/Confiscated/Abandoned/Seized Goods and Property 40601010 Credit This account is used to recognize the receipts derived from the sale of garnished/confiscated/abandoned/seized goods or property title of which had been decided in favor of the government. This account shall be closed to the Revenue/Income and Expense Summary account. 167 Account Title Account Number Normal Balance Description Sale of Unserviceable Property 40601020 Credit This account is used to recognize the proceeds from the sale of disposed/unserviceable assets. This account shall be closed to the Revenue/Income and Expense Summary account. 02 Reversal of Impairment Loss Account Title Account Number Normal Balance Description Reversal of Impairment Loss 40602010 Credit This account is used to recognize the reversal of impairment loss. This account shall be closed to the Revenue/Income and Expense Summary account. 03 Miscellaneous Income Account Title Account Number Normal Balance Description Proceeds from Insurance/Indemnities 40603010 Credit This account is used to recognize the proceeds from insurance claims and/or indemnities. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Miscellaneous Income 40603990 Credit This account is used to recognize income earned which is not classified under the specific income accounts. This account shall be closed to the Revenue/Income and Expense Summary account. 5 EXPENSES 5 Expenses 01 Personnel Services 01 Salaries and Wages Account Title Account Number Normal Balance Description Salaries and Wages-Regular 50101010 Debit This account is used to recognize the pay proper for services rendered of government employees occupying regular plantilla positions. This account shall be closed to the Revenue/Income and Expense Summary account. 168 Account Title Account Number Normal Balance Description Salaries and Wages-Casual/Contractual 50101020 Debit This account is used to recognize the pay proper for services rendered by employees contracted/hired to perform regular entity functions and specific vital activities or services which cannot be provided by the regular or permanent staff of the entity. They are considered employees of the hiring entity limited to the year when their services are reasonably required. This includes payment for services rendered by substitute and part-time teachers. This account shall be closed to the Revenue/Income and Expense Summary account. 02 Other Compensation Account Title Account Number Normal Balance Description Personnel Economic Relief Allowance (PERA) 50102010 Debit This account is used to recognize the allowance granted to government personnel occupying regular, contractual or casual positions; appointive or elective; rendering services on full-time or part-time basis; and whose positions are covered by Republic Act No. 6758, as amended. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Representation Allowance (RA) 50102020 Debit This account is used to recognize the monthly representation allowance granted to authorized officials and employees in the actual performance of their respective functions, both commutable and reimbursable. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Transportation Allowance (TA) 50102030 Debit This account is used to recognize the monthly transportation allowance granted to authorized officials and employees in the actual performance of their respective functions, both commutable and reimbursable. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Clothing/Uniform Allowance 50102040 Debit This account is used to recognize the fixed amount granted to authorized government officials/employees for the upkeep/replacement of clothing/uniform paid in cash or in kind. This account shall be closed to the Revenue/Income and Expense 169 Summary account. Account Title Account Number Normal Balance Description Subsistence Allowance 50102050 Debit This account is used to recognize the amount granted to authorized government officials/employees to cover cost of accommodations, meals, and incidental expenses incurred by employees who are on official business. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Laundry Allowance 50102060 Debit This account is used to recognize the amount granted to authorized government officials/employees to cover the cost of laundry of uniform of employees who are on official business. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Quarters Allowance 50102070 Debit This account is used to recognize the amount granted to authorized government officials/employees to cover cost of accommodation or suitable and adequate living quarters incurred by employees who are on official business. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Productivity Incentive Allowance 50102080 Debit This account is used to recognize the fixed amount granted to authorized government officials/employees for at least satisfactory performance in the discharge of their official duties. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Overseas Allowance 50102090 Debit This account is used to recognize the allowances granted to authorized government officials/employees on foreign assignments/missions. This account shall be closed to the Revenue/Income and Expense Summary account. 170 Account Title Account Number Normal Balance Description Honoraria 50102100 Debit This account is used to recognize the payment given to professionals for services in recognition of their expertise, broad and superior knowledge in specific fields and special projects. This also include payments to lecturers, resource persons, coordinators and facilitators in seminars, training programs and other similar activities in training institutions including those who render services beyond their regular workload. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Hazard Pay 50102110 Debit This account is used to recognize the payment to government officials/employees assigned in difficult/dangerous/strifetorn/embattled areas as certified by appropriate government body and to those whose lives are directly exposed to work conditions which may cause them injury/sickness/death/harmful change. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Longevity Pay 50102120 Debit This account is used to recognize the additional compensation to government officials and employees based on years of service rendered to the government. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Overtime and Night Pay 50102130 Debit This account is used to recognize the extra compensation paid to government employees who are authorized to work for more than the normal 40 hours in one workweek or on days of rest. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Year End Bonus 50102140 Debit This account is used to recognize the amount granted annually to government officials and employees as authorized by law. This account shall be closed to the Revenue/Income and Expense Summary account. 171 Account Title Account Number Normal Balance Description Cash Gift 50102150 Debit This account is used to recognize the amount granted annually in addition to the year-end bonus to government officials and employees as authorized by law. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Other Bonuses and Allowances 50102990 Debit This account is used to recognize other authorized bonuses and allowances granted to government officials/employees not falling under any of the specific other compensation accounts. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 11 – Collective Negotiation Agreement-Civilian 12 – Productivity Enhancement Incentive-Civilian 13 – Productivity Enhancement Incentive-Military/Uniformed Personnel 14 – Performance Based Bonus-Civilian 15 – Performance Based Bonus-Military/Uniformed Personnel 34 – Meal Allowance 35 – Rice Allowance 36 – Children's Allowance 37 – Teller's Allowance 38 – Medical, Dental, and Hospitalization Allowance 99 – Other Bonuses and Allowances Note: 01 to 10, 16 to 33 are assigned SL codes in RCA for NGAs 03 Personnel Benefit Contributions Account Title Account Number Normal Balance Description Retirement and Life Insurance Premiums 50103010 Debit This account is used to recognize the government’s share in premium contributions to the Government Service Insurance System and other retirement and life benefit systems. This account shall be closed to the Revenue/Income and Expense Summary account. 172 Account Title Account Number Normal Balance Description Pag-IBIG Contributions 50103020 Debit This account is used to recognize the government's share in premium contributions to the Home Development Mutual Fund. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description PhilHealth Contributions 50103030 Debit This account is used to recognize the government’s share in premium contributions to the Philippine Health Insurance Corporation. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Employees Compensation Insurance Premiums 50103040 Debit This account is used to recognize the government’s share in premium contributions to the Employees' Compensation Commission (ECC). This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Provident/Welfare Fund Contributions 50103050 Debit This account is used to recognize the amount contributed by the government for the employees’ provident or welfare fund. This account shall be closed to the Revenue/Income and Expense Summary account. 04 Other Personnel Benefits Account Title Account Number Normal Balance Description Pension Benefits 50104010 Debit This account is used to recognize the amount of pension to government employees occupying regular plantilla positions. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Retirement Gratuity 50104020 Debit This account is used to recognize the amount of the total creditable services of retirees converted into gratuity months multiplied by the highest salary received. This account shall be 173 closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Terminal Leave Benefits 50104030 Debit This account is used to recognize the money value of the accumulated leave credits of government officials and employees. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Other Personnel Benefits 50104990 Debit This account is used to recognize the amount contributed by the government for the employees’ benefits not falling under any of the specific other personnel accounts. This account shall be closed to the Revenue/Income and Expense Summary account. 02 Maintenance and Other Operating Expenses 01 Traveling Expenses Account Title Account Number Normal Balance Description Traveling Expenses-Local 50201010 Debit This account is used to recognize the costs incurred in the movement/transport of government directors, officers and employees within the country. This includes transportation, travel per diems, ferriage, and all other related expenses. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Traveling Expenses-Foreign 50201020 Debit This account is used to recognize the costs incurred in the movement/transport of government directors, officers and employees outside the country. This includes transportation, travel per diems, passport and visa processing and all other related expenses. This account shall be closed to the Revenue/Income and Expense Summary account. 02 Training and Scholarship Expenses Account Title Account Number Normal Balance Description Training Expenses 50202010 Debit This account is used to recognize the costs incurred for the participation/attendance in and conduct of trainings, conventions and seminars/workshops. It includes training fees, honoraria of lecturers, cost of handouts, supplies, materials, meals, snacks and 174 all other training related expenses. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Scholarship Grants/Expenses 50202020 Debit This account is used to recognize the costs of scholarships granted by the government to individuals in the pursuit of further learning, study or research. This account shall be closed to the Revenue/Income and Expense Summary account. 03 Supplies and Materials Expenses Account Title Account Number Normal Balance Description Office Supplies Expenses 50203010 Debit This account is used to recognize the cost or value of office supplies such as bond paper, ink, and small tangible items like staple wire remover, puncher, stapler and other similar items issued to end-users for government operations. This also includes stationeries and other office supplies used by the banks or issued from the stockroom to the different departments and branches of the banks, excluding those chargeable to customers. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Accountable Forms Expenses 50203020 Debit This account is used to recognize the cost of accountable forms with or without money value such as official receipts, passports, tickets, permit/license plates, and the like, issued to end-users. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Non-Accountable Forms Expenses 50203030 Debit This account is used to recognize the cost of non-accountable forms such as pre-printed application forms, tax returns forms, accounting forms and the like, issued to end-users. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Animal/Zoological Supplies Expenses 50203040 Debit This account is used to recognize the costs of food, medicines, veterinary and other maintenance needs of animals issued for use in government parks, zoos, wildlife sanctuaries and botanical 175 gardens. This also includes supplies issued for zoological researches, preservations, breeding and other purposes. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Food Supplies Expenses 50203050 Debit This account is used to recognize the cost of food issued to hospital/rehabilitation patients, jail inmates and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Welfare Goods Expenses 50203060 Debit This account is used to recognize the cost of goods issued/distributed to people affected by calamities/disasters/ground conflicts such as canned goods, blankets, mats, kitchen utensils, flashlights and other similar items. This also includes the cost of food served to people affected by calamities/disasters/ground conflicts. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Drugs and Medicines Expenses 50203070 Debit This account is used to recognize the costs of drugs and medicines issued to end-users for government operations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Medical, Dental and Laboratory Supplies Expenses 50203080 Debit This account is used to recognize the costs of medical, dental and laboratory supplies issued to end-users for government operations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Fuel, Oil and Lubricants Expenses 50203090 Debit This account is used to recognize the costs of fuel, oil, lubricants, coals and the like issued for use of government vehicles, running power plants and other equipment in connection with government operations/projects. This account shall be closed to the Revenue/Income and Expense Summary account. 176 Account Title Account Number Normal Balance Description Agricultural and Marine Supplies Expenses 50203100 Debit This account is used to recognize the cost of fertilizers, pesticides and other marine and agricultural supplies issued in government operations/projects. This includes supplies issued for aquaculture researches, environment protections/preservations and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Textbooks and Instructional Materials Expenses 50203110 Debit This account is used to recognize the cost of books and instructional materials distributed to public schools including flipcharts, video clips/slides, and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Military, Police and Traffic Supplies Expenses 50203120 Debit This account is used to recognize the cost or value of military and police supplies issued/used in government operations such as clubs/cudgels, night sticks, police/traffic gears, flashlights, truncheons, ammunitions and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Chemical and Filtering Supplies Expenses 50203130 Debit This account is used to recognize the cost of chemical, water treatment, filtering supplies and the like used in government operations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Linens and Beddings Expenses 50203140 Debit This account is used to recognize the cost of linens and beddings, including curtains, scrub suits and patients' gowns used in government hospitals/dormitories. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Semi-Expendable Machinery and Equipment Expenses 50203210 Debit This account is used to recognize the cost of semi-expendable machinery and equipment used in operation. This account shall 177 be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Semi-Expendable Furniture, Fixtures and Books Expenses 50203220 Debit This account is used to recognize the cost of semi-expendable furniture, fixtures and books used in operation. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Other Supplies and Materials Expenses 50203990 Debit This account is used to recognize the cost of inventories issued to end-users not otherwise classified under the specific inventory expense accounts. This account shall be closed to the Revenue/Income and Expense Summary account. 04 Utility Expenses Account Title Account Number Normal Balance Description Water Expenses 50204010 Debit This account is used to recognize the cost of water consumed in government operations/projects. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Electricity Expenses 50204020 Debit This account is used to recognize the cost of electricity consumed in government operations/projects. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Gas/Heating Expenses 50204030 Debit This account is used to recognize the gas/heating costs incurred by foreign-based government entities during winter months. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Other Utility Expenses 50204990 Debit This account is used to recognize the cost of utilities consumed in government operations/projects not falling in under any specific utility expense account. This account shall be closed to the Revenue/Income and Expense Summary account. 178 05 Communication Expenses Account Title Account Number Normal Balance Description Postage and Courier Services 50205010 Debit This account is used to recognize the cost of delivery/transmission of official messages, mails, documents, records and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Telephone Expenses 50205020 Debit This account is used to recognize the cost of transmitting messages through telephone lines (mobile or landlines), faxes, telex and the like whether prepaid or postpaid. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Mobile 02 – Landline Account Title Account Number Normal Balance Description Internet Subscription Expenses 50205030 Debit This account is used to recognize the cost of using internet services in government operations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Cable, Satellite, Telegraph and Radio Expenses 50205040 Debit This account is used to recognize the cost of using cable/satellite/telegram/radio services. This account shall be closed to the Revenue/Income and Expense Summary account. 06 Awards/Rewards, Prizes and Indemnities Account Title Account Number Normal Balance Description Awards/Rewards Expenses 50206010 Debit This account is used to recognize the amount given in recognition of any civic or professional achievement and excellent performance. This also includes amounts paid to employers and other entities for prompt remittance of contributions and related income/charges to social security and housing benefit services entities. This account shall be closed to the Revenue/Income and Expense Summary account. 179 Account Title Account Number Normal Balance Description Prizes 50206020 Debit This account is used to recognize the amount paid to winners and sellers of games, lottery and other competitive and promotional activities including agents’ share/commission. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Indemnities 50206030 Debit This account is used to recognize the amount awarded by courts/administrative bodies to persons affected by the destruction of property/death/injury. This account shall be closed to the Revenue/Income and Expense Summary account. 07 Survey, Research, Exploration and Development Expenses Account Title Account Number Normal Balance Description Survey Expenses 50207010 Debit This account is used to recognize the cost incurred in the conduct of cadastral, structural, topographical, statistical and other type of surveys conducted by government entities. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Research, Exploration and Development Expenses 50207020 Debit This account is used to recognize the cost incurred in the conduct of studies to gain scientific or technical knowledge on future projects including development, refinement or evaluation of policies for use of management. This account shall be closed to the Revenue/Income and Expense Summary account. 08 Demolition/Relocation and Desilting/Drilling/Dredging Expenses Account Title Account Number Normal Balance Description Demolition and Relocation Expenses 50208010 Debit This account is used to recognize the costs of demolition of structures and relocation of settlers and structures affected by government projects. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Desilting, Drilling and Dredging Expenses 50208020 Debit This account is used to recognize the costs incurred in removing large accumulation of decomposed litters and other organic 180 debris in and deepening of canals, sewerage, rivers, creeks, and the like. This account shall be closed to the Revenue/Income and Expense Summary account. 09 Generation, Transmission and Distribution Expenses Account Title Account Number Normal Balance Description Generation, Transmission and Distribution Expenses 50209010 Debit This account is used to recognize the costs of generation, transmission and distribution of water, electricity, information/communication, power and other related services intended for sale and/or redistribution. This account shall be closed to the Revenue/Income and Expense Summary account. 10 Confidential, Intelligence and Extraordinary Expenses Account Title Account Number Normal Balance Description Confidential Expenses 50210010 Debit This account is used to recognize the amount paid for expenses related to surveillance/confidential activities in civilian government entities that are intended to support the mandate or operations of the entity. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Intelligence Expenses 50210020 Debit This account is used to recognize the amount paid for expenses related to intelligence information gathering activities of uniformed and military personnel, and intelligence practitioners that have direct impact to national security. The release of Intelligence Fund is subject to the approval of the President of the Philippines. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Extraordinary and Miscellaneous Expenses 50210030 Debit This account is used to recognize the amount paid for expenses incidental to the performance of official functions, such as: meetings and conferences, public relations, educational, cultural and athletic activities, membership fees in government organizations, etc. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Extraordinary Expenses 02 – Miscellaneous Expenses 181 11 Professional Services Account Title Account Number Normal Balance Description Legal Services 50211010 Debit This account is used to recognize the cost incurred for authorized legal services rendered by private lawyers. This includes special counsel allowance granted to government lawyers deputized to represent the government in court as special counsel. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Auditing Services 50211020 Debit This account is used to recognize the cost of operating expenses provided by auditees for auditing services rendered by the Commission on Audit. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Consultancy Services 50211030 Debit This account is used to recognize the cost of services rendered by consultants contracted to perform particular outputs or services primarily advisory in nature and requiring highly specialized or technical expertise which cannot be provided by the regular staff of the entity. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Other Professional Services 50211990 Debit This account is used to recognize the cost of other professional services contracted by the entity not otherwise classified under any of the specific professional services accounts. This account shall be closed to the Revenue/Income and Expense Summary account. 12 General Services Account Title Account Number Normal Balance Description Environment/Sanitary Services 50212010 Debit This account is used to recognize the cost of services contracted for the upkeep and sanitation of the public places. This includes the cost of garbage and hospital waste collection and disposal. This account shall be closed to the Revenue/Income and Expense Summary account. 182 Account Title Account Number Normal Balance Description Janitorial Services 50212020 Debit This account is used to recognize the cost of janitorial services contracted by the government. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Security Services 50212030 Debit This account is used to recognize the cost of security services contracted by the government. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Other General Services 50212990 Debit This account is used to recognize the cost of other general services contracted by the entity not otherwise classified under any of the specific general services accounts. This account shall be closed to the Revenue/Income and Expense Summary account. 13 Repairs and Maintenance Account Title Account Number Normal Balance Description Repairs and Maintenance-Investment Property 50213010 Debit This account is used to recognize the cost of repairs and maintenance on buildings/warehouses and other structures held for rent/lease or held for capital appreciation or both. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Repairs and Maintenance-Land Improvements 50213020 Debit This account is used to recognize the cost of repairs and maintenance on aquaculture structures and other land improvements constructed/acquired/developed for public use. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Aquaculture Structures 02 – Reforestation Projects 99 – Other Land Improvements 183 Account Title Account Number Normal Balance Description Repairs and Maintenance-Infrastructure Assets 50213030 Debit This account is used to recognize the cost of repairs and maintenance on road networks; flood control systems; sewer systems; water supply systems; power supply systems; communication networks; seaport systems; airport systems; parks, plazas, monuments; railway systems; plant-utility plant in service (UPIS) and other infrastructure assets. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Road Networks 02 – Flood Control Systems 03 – Sewer Systems 04 – Water Supply Systems 05 – Power Supply Systems 06 – Communication Networks 07 – Seaport Systems 08 – Airport Systems 09 – Parks, Plazas and Monuments 10 – Railway Systems 11 – Plant-Utility Plant in Service (UPIS) 99 – Other Infrastructure Assets Account Title Account Number Normal Balance Description Repairs and Maintenance-Buildings and Other Structures 50213040 Debit This account is used to recognize the cost of repairs and maintenance on office buildings; school buildings; hospitals and health centers; markets; slaughterhouses; hostels and dormitories; water plant, structures and improvements and other structures. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Buildings 02 – School Buildings 03 – Hospitals and Health Centers 04 – Markets 05 – Slaughterhouses 06 – Hostels and Dormitories 07 – Water Plant, Structures and Improvements 99 – Other Structures Account Title Account Number Normal Balance Description Repairs and Maintenance-Machinery and Equipment 50213050 Debit This account is used to recognize the cost of repairs and maintenance on machinery; office equipment; information and 184 communication technology (ICT) equipment; agricultural and forestry equipment; marine and fishery equipment; airport equipment; communication equipment; construction and heavy equipment; disaster response and rescue equipment; military, police and security equipment; medical equipment; printing equipment; sports equipment; technical and scientific equipment; gaming equipment and other machinery and equipment. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Machinery 02 – Office Equipment 03 – Information and Communication Technology Equipment 04 – Agricultural and Forestry Equipment 05 – Marine and Fishery Equipment 06 – Airport Equipment 07 – Communication Equipment 08 – Construction and Heavy Equipment 09 – Disaster Response and Rescue Equipment 10 – Military, Police and Security Equipment 11 – Medical Equipment 12 – Printing Equipment 13 – Sports Equipment 14 – Technical and Scientific Equipment 15 – Gaming Equipment 99 – Other Machinery and Equipment Account Title Account Number Normal Balance Description Repairs and Maintenance-Transportation Equipment 50213060 Debit This account is used to recognize the cost of repairs and maintenance on motor vehicles; trains; aircrafts; watercrafts; and other transportation equipment. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Motor Vehicles 02 – Trains 03 – Aircrafts and Aircrafts Ground Equipment 04 – Watercrafts 99 – Other Transportation Equipment Account Title Account Number Normal Balance Description Repairs and Maintenance-Furniture and Fixtures 50213070 Debit This account is used to recognize the cost of repairs and maintenance on furniture and fixtures. This account shall be closed to the Revenue/Income and Expense Summary account. 185 Account Title Account Number Normal Balance Description Repairs and Maintenance-Leased Assets 50213080 Debit This account is used to recognize the cost of repairs and maintenance of buildings; and other leased assets acquired by a lessee under a finance lease contract/agreement. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Buildings and Other Structures 02 – Machinery and Equipment 03 – Transportation Equipment 04 – Furniture and Fixtures 99 – Other Leased Assets Account Title Account Number Normal Balance Description Repairs and Maintenance-Leased Assets Improvements 50213090 Debit This account is used to recognize the cost of repairs and maintenance of improvements on land, buildings and other assets occupied by a lessee under an operating lease. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Land 02 – Buildings 99 – Other Leased Assets Improvements Account Title Account Number Normal Balance Description Restoration and Maintenance-Heritage Assets 50213100 Debit This account is used to recognize the cost of restoration and maintenance of heritage assets. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Historical Buildings 02 – Works of Arts and Archeological Specimens 99 – Other Heritage Assets Account Title Account Number Normal Balance Description Repairs and Maintenance-Service Concession Assets 50213110 Debit This account is used to recognize the cost of restoration and maintenance of service concession assets. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Road Networks 186 02 – Flood Control Systems 03 – Sewer Systems 04 – Water Supply Systems 05 – Power Supply Systems 06 – Communication Networks 07 – Seaport Systems 08 – Airport Systems 09 – Parks, Plaza and Monuments 10 – Railway Systems 11 – Buildings and Other Structures 12 – Machinery and Equipment 13 – Transportation Equipment 14 – Furniture and Fixtures 99 – Other Service Concession Assets Account Title Account Number Normal Balance Description Repairs and Maintenance-Exploration and Evaluation Assets 50213120 Debit This account is used to recognize the cost of repairs and maintenance of exploration and evaluation assets. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Underground Tunnel 02 – Mining Equipment 99 – Other Exploration and Evaluation Assets Account Title Account Number Normal Balance Description Repairs and Maintenance-Semi-Expendable Machinery and Equipment 50213210 Debit This account is used to recognize the cost of repairs and maintenance of semi-expendable machinery and equipment. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Machinery 02 – Office Equipment 03 – Information and Communications Technology 04 – Agricultural and Forestry Equipment 05 – Marine and Fishery Equipment 06 – Airport Equipment 07 – Communication Equipment 08 – Disaster Response and Rescue Equipment 09 – Military, Police and Security Equipment 10 – Medical Equipment 11 – Printing Equipment 12 – Sports Equipment 187 13 – Technical and Scientific Equipment 14 – Construction and Heavy Equipment 15 – Gaming Equipment 99 – Other Machinery and Equipment Account Title Account Number Normal Balance Description Repairs and Maintenance-Semi-Expendable Furniture, Fixtures and Books 50213220 Debit This account is used to recognize the cost of repairs and maintenance of semi-expendable furniture, fixtures and books. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Furniture and Fixtures 02 – Books Account Title Account Number Normal Balance Description Repairs and Maintenance-Other Property, Plant and Equipment 50213990 Debit This account is used to recognize the cost of repairs and maintenance of other property, plant and equipment not falling under any of the specific property, plant and equipment account. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Work/Zoo Animals 99 – Other Property, Plant and Equipment 14 Financial Assistance/Subsidy Account Title Account Number Normal Balance Description Financial Assistance to NGAs 50214020 Debit This account is used by government corporations to recognize financial assistance to NGAs through transfer of funds or assets. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Financial Assistance to Local Government Units 50214030 Debit This account is used to recognize financial assistance to LGUs through transfer of funds or assets for government programs/projects/activities. This account shall be closed to the Revenue/Income and Expense Summary account. 188 Account Title Account Number Normal Balance Description Financial Assistance to NGOs/POs 50214050 Debit This account is used to recognize the financial assistance to NGOs/POs through transfer of funds or assets for implementation of government programs/projects. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Subsidy to Regional Offices/Staff Bureaus 50214070 Debit This account is used to recognize the amount of funds/assets transferred by the Central Office to the Regional Offices/Staff Bureaus of a government corporation. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Subsidy to Operating Units 50214080 Debit This account is used to recognize the amount of funds/assets transferred by the Central Office/Regional Offices/Staff Bureaus to the Operating Units of a government corporation. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Subsidy to Other Funds 50214090 Debit This account is used to recognize the amount of funds/assets transferred to other funds. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Financial Assistance to Government Corporations 50214100 Debit This account is used to recognize financial assistance to other government corporations through transfer of funds or assets for government programs/projects/activities. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Contribution to AFP Modernization 50214110 Debit The account is used to recognize the 50% share of the AFP from proceeds of non-sale transactions, net of direct expenses, pursuant to EO 309, prescribing the guidelines, rules and regulations for the distribution of proceeds of leases, joint ventures and transactions other than sale involving portions of Metro Manila Camps under RA 7227, as amended by RA 7917. 189 This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Financial Assistance/Subsidy-Others 50214990 Debit This account is used to recognize the financial assistance given to individuals and institutions other than government entities or NGOs/POs for government programs/projects/activities. This account shall be closed to the Revenue/Income and Expense Summary account. 15 Taxes, Insurance Premiums and Other Fees Account Title Account Number Normal Balance Description Taxes, Duties and Licenses 50215010 Debit This account is used to recognize the amount of taxes, duties, licenses and other fees except income tax due to regulatory entities. This also includes taxes on interest income on savings deposits, time deposits, and government securities of the bond sinking fund/other funds. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Fidelity Bond Premiums 50215020 Debit This account is used to recognize the amount of premiums paid by the entity for the fidelity bonds of accountable officers. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Insurance Expenses 50215030 Debit This account is used to recognize the amount of premiums paid by the entity for the insurable risks of government property. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Income Tax Expenses 50215040 Debit This account is used to recognize the amount of income tax payable for a particular period, computed based on taxable income multiplied by applicable corporate income tax rate. This account shall be closed to the Revenue/Income and Expense Summary account. 190 16 Labor and Wages Account Title Account Number Normal Balance Description Labor and Wages 50216010 Debit This account is used to recognize the costs incurred for labor and wages. These include labor payroll paid for projects undertaken by administration, for agricultural activities involving hired labor, student wages, etc. This account shall be closed to the Revenue/Income and Expense Summary account. 17 Members’ Benefits Account Title Account Number Normal Balance Description Members’ Benefits 50217010 Debit This account is used to recognize amount of benefits given to members and their beneficiaries by SSS, GSIS, PhilHealth, ECC, Pag-IBIG and similar institutions administering members’ premium contributions or members’ fund. This includes benefits such as hospitalization, medicines, injury, disability, death, pension and retirement. This account shall be closed to the Revenue/Income and Expense Summary account. 99 Other Maintenance and Operating Expenses Account Title Account Number Normal Balance Description Advertising, Promotional and Marketing Expenses 50299010 Debit This account is used to recognize the costs incurred for advertisement in newspapers, magazines, televisions, radio and other forms of media, such as expenses to: (a) promote and market products and services; and (b) publish invitations to bid and other authorized government advertisements. This also includes commission or broker’s fee paid to agents, brokers or others for marketing and other related activities done for the government entities. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Printing and Publication Expenses 50299020 Debit This account is used to recognize the costs of printing and binding of manuscripts/documents, forms, manuals, brochures, pamphlets, and the like. This account shall be closed to the Revenue/Income and Expense Summary account. 191 Account Title Account Number Normal Balance Description Representation Expenses 50299030 Debit This account is used to recognize the expenses incurred for official meetings/conferences and other official functions. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Transportation and Delivery Expenses 50299040 Debit This account is used to recognize the cost of transporting goods/merchandise sold in the course of business operations. This includes the cost of moving entity’s own people and property from one station to another. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Rent/Lease Expenses 50299050 Debit This account is used to recognize rental/lease of land, buildings, facilities, equipment, vehicles, machineries, and the like. This also includes rental of living quarters for entities without available quarters to house their officials entitled to the same. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Membership Dues and Contributions to Organizations 50299060 Debit This account is used to recognize membership fees/dues/contributions by the entity and/or its officials and employees to recognized/authorized/accredited professional organizations as authorized in its approved annual budget. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Subscription Expenses 50299070 Debit This account is used to recognize the cost of subscriptions to newspapers, libraries and other reading materials. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Donations 50299080 Debit This account is used to recognize the amount of donations to other levels of government and individuals and institutions. This 192 account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Litigation/Acquired Assets Expenses 50299090 Debit This account is used to recognize expenses incurred in connection with litigation proceedings and registration/consolidation of ownership of acquired assets, as well as those incurred in their preservation/maintenance. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description International Mail Exchange Expenses 50299110 Debit This account is used to recognize amount of expenses related to delivery expenses, terminal dues, transit charges, inward land rate and international conveyance expenses incurred by PhlPost. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Directors and Committee Members' Fees 50299120 Debit This account is used to recognize the per diems and allowances paid to the Board of Directors and Committee Members. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Lottery Draws Expenses 50299130 Debit This account is used to recognize amount of expenses related to holding of the lottery and sweepstakes draws being charged including allowances of judges who were selected from the public, PCSO officials and employees who were actual participants in the actual drawing and witnessing of the winning numbers, cost of airing, camera men, directors, etc. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Documentary Stamps Expenses 50299140 Debit This account is used to recognize amount of expenses incurred for documentary stamps used by banks and government entities, excluding those chargeable to customers. This account shall be closed to the Revenue/Income and Expense Summary account. 193 Account Title Account Number Normal Balance Description Fees and Commission Expenses 50299150 Debit This refers to fees and commission expenses for services covering intermediation, custodianship, underwriting and securities dealership, securitization activities and other services availed by the banks. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Dividend Expenses 50299160 Debit This refers to the amount of dividends payable by government corporations to the National Government and/or its stockholders. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Underwriting Expenses 50299170 Debit This account is used by PCIC to recognize the service fee being charged by the insurance intermediaries for direct business, premium on outward cessions under treaty or facultative agreement with reinsurers, allowances granted to agricultural technicians and non-PCIC claims adjusters for claim investigation and verification. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Service Fee 02 – Reinsurance Premium Ceded Treaty 03 – Reinsurance Premium Ceded Facultative 04 – Honoraria & Incentive to Agricultural Technicians and Claims Adjusters 99 – Other Underwriting Expenses Account Title Account Number Normal Balance Description Major Events and Conventions Expenses 50299180 Debit This account is used to recognize the expenses incurred related to the holding of major activities and/or events and conventions not related to trainings being undertaken by government corporations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Crop/Non-Crop Insurance Benefits 50299190 Debit This account is used to recognize the amount of actual indemnities paid or payable by PCIC for insurance claims. This 194 account is also used to recognize the amount of actual expenses incurred by PCIC to insured-farmers who are entitled to no claim benefits. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Losses-Claims Paid 02 – No Claim Bonus 99 – Other Crop/Non-Crop Insurance Benefits Account Title Account Number Normal Balance Description Deposit Claims Pay-out Expenses 50299200 Debit This account is used by PDIC to recognize the estimated losses from valid deposit insurance claims paid and verified/validated claims accrued during the year. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss Recoveries Ceded 50299210 Debit This account is used by PCIC for the aggregate share of the reinsurers on the claims and losses and adjustment expenses on business ceded under treaty and facultative agreement. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss Adjustment Expenses 50299220 Debit This account is used by PCIC to recognize the gross expenses incurred by an independent insurance adjuster in the adjustment of claims and losses. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Other Maintenance and Operating Expenses 50299990 Debit This account is used to recognize other operating expenses not falling under any of the specific maintenance and other operating expense accounts. This account shall be closed to the Revenue/Income and Expense Summary account. 195 03 Financial Expenses 01 Financial Expenses Account Title Account Number Normal Balance Description Management Supervision/Trusteeship Fees 50301010 Debit This account is used to recognize the amount paid to an appointed person or institution that manages assets, including mutual funds and unit trusts, for the benefit of the government; or an agent who handles the administrative aspects of bond issuance and ensures that the borrower complies with the terms of the bond indenture, including fees on supervision of the government corporations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Interest Expenses 50301020 Debit This account is used to recognize interest charges paid for the use of borrowed money. This also includes discounts on treasury bills and treasury bonds; premiums on bond investments; coupon payments/interests on domestic and foreign bonds issued by the government entities. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 03 – Financial Liabilities Held for Trading 04 – Financial Liabilities Designated at Fair Value through Surplus/Profit or Deficit/Loss 05 – Deposits 06 – Bills Payable 07 – Bonds Payable 08 – Unsecured Subordinated Debt 09 – Redeemable Preferred Shares 10 – Finance Lease Payment Payable 99 – Others Note: 01 to 02 are assigned codes in RCA for NGAs Account Title Account Number Normal Balance Description Guarantee Fees 50301030 Debit This account is used to recognize guarantee fee paid by a debtor government entity to the guarantor for the assurance to pay the entity's obligation to the creditor as stipulated in the guarantee clause. This account shall be closed to the Revenue/Income and Expense Summary account. 196 Account Title Account Number Normal Balance Description Bank Charges 50301040 Debit This account is used to recognize the charges imposed by the bank for various services rendered excluding interest charges. This also includes cost of checkbooks, telegraphic transfers and the like. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Commitment Fees 50301050 Debit This account is used to recognize the commitment charges imposed by creditors based on an agreed percentage of the undrawn loan amount with foreign or domestic lending institution. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Other Financial Charges 50301990 Debit This account is used to recognize the charges not falling under any of the specific financial expense accounts. This account shall be closed to the Revenue/Income and Expense Summary account. 04 Direct Costs 01 Cost of Goods Manufactured Account Title Account Number Normal Balance Description Direct Labor 50401010 Debit This account is used to recognize the cost of payroll or part of wage-bill that can be specifically and consistently assigned to or associated with the manufacture of a product or a particular work order. Credit this account to transfer to Work-in-Process Inventory. Account Title Account Number Normal Balance Description Manufacturing Overhead 50401020 Debit This account is used to recognize the cost incurred in the manufacture of a product other than the costs of direct materials and direct labor. Examples of manufacturing overhead include the depreciation or the rent on the factory building, depreciation on the factory equipment, supervisors in the factory, the factory quality control department, factory maintenance employees, electricity and gas for the factory, indirect factory supplies, and the like. Credit this account to transfer to Work-in-Process Inventory. 197 Account Title Account Number Normal Balance Description Direct Materials 50401030 Debit This account is used to recognize the amount of raw materials and component parts used in the production which costs are directly traceable to the products manufactured. Credit this account to transfer to Work-in-Process Inventory. 02 Cost of Sales Account Title Account Number Normal Balance Description Cost of Sales 50402010 Debit This account is used to recognize the cost of merchandise purchased/manufactured and sold in the course of business operations. This account shall be closed to the Revenue/Income and Expense Summary account. 05 Non-Cash Expenses 01 Depreciation Account Title Account Number Normal Balance Description Depreciation-Investment Property 50501010 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of buildings/warehouses and other structures held for rent/lease or held for capital appreciation or both in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Depreciation-Land Improvements 50501020 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of aquaculture structures and other land improvements constructed/acquired/developed for public use in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Aquaculture Structures 99 – Other Land Improvements Account Title Account Number Normal Balance Description Depreciation-Infrastructure Assets 50501030 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of road networks; flood control systems; 198 sewer systems; water supply systems; power supply systems; communication networks; seaport systems; airport systems; parks, plazas, monuments; railway systems; plant-utility plant in service (UPIS) and other infrastructure assets in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Road Networks 02 – Flood Control Systems 03 – Sewer Systems 04 – Water Supply Systems 05 – Power Supply Systems 06 – Communication Networks 07 – Seaport Systems 08 – Airport Systems 09 – Parks, Plazas and Monuments 10 – Railway Systems 11 – Plant-Utility Plant in Service (UPIS) 99 – Other Infrastructure Assets Account Title Account Number Normal Balance Description Depreciation-Buildings and Other Structures 50501040 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of office buildings; school buildings; hospitals and health centers; markets; slaughterhouses; hostels and dormitories; water plant, structures and improvements and other structures in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Buildings 02 – School Buildings 03 – Hospitals and Health Centers 04 – Markets 05 – Slaughterhouses 06 – Hostels and Dormitories 07 – Water Plant, Structures and Improvements 99 – Other Structures Account Title Account Number Normal Balance Description Depreciation-Machinery and Equipment 50501050 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of machinery; office equipment; ICT equipment; agricultural and forestry equipment; marine and fishery equipment; airport equipment; communication equipment; construction and heavy equipment; disaster response and rescue 199 equipment; military, police and security equipment; medical equipment; printing equipment; sports equipment; technical and scientific equipment; gaming equipment and other machinery and equipment in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Machinery 02 – Office Equipment 03 – Information and Communication Technology Equipment 04 – Agricultural and Forestry Equipment 05 – Marine and Fishery Equipment 06 – Airport Equipment 07 – Communication Equipment 08 – Construction and Heavy Equipment 09 – Disaster Response and Rescue Equipment 10 – Military, Police and Security Equipment 11 – Medical Equipment 12 – Printing Equipment 13 – Sports Equipment 14 – Technical and Scientific Equipment 15 – Gaming Equipment 99 – Other Machinery and Equipment Account Title Account Number Normal Balance Description Depreciation-Transportation Equipment 50501060 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of motor vehicles; trains; aircrafts; watercrafts; and other transportation equipment in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Motor Vehicles 02 – Trains 03 – Aircrafts and Aircrafts Ground Equipment 04 – Watercrafts 99 – Other Transportation Equipment Account Title Account Number Normal Balance Description Depreciation-Furniture, Fixtures and Books 50501070 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of furniture and fixtures, and books in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. 200 Subsidiary Ledgers: 01 – Furniture and Fixtures 02 – Books Account Title Account Number Normal Balance Description Depreciation-Leased Assets 50501080 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of buildings, and other assets under finance lease contract/agreement in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Buildings and Other Structures 02 – Machinery and Equipment 03 – Transportation Equipment 04 – Furniture and Fixtures 99 – Other Leased Assets Account Title Account Number Normal Balance Description Depreciation-Leased Assets Improvements 50501090 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of improvements on land, buildings and other leased assets used in operations under operating lease contract in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Land 02 – Buildings 99 – Other Leased Assets Improvements Account Title Account Number Normal Balance Description Depreciation-Heritage Assets 50501100 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of historical buildings, works of arts and archeological specimens and other heritage assets in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Historical Buildings 02 – Works of Arts and Archeological Specimens 99 – Other Heritage Assets 201 Account Title Account Number Normal Balance Description Depreciation-Service Concession Assets 50501110 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of service concession-road networks; service concession-flood control systems; service concessionsewer systems; service concession-water supply systems; service concession-power supply systems; service concessioncommunication networks; service concession-seaport systems; service concession-airport systems; service concession-parks, plazas and monuments; service concession-railway systems; service concession-building and other structures; service concession-machinery and equipment; service concessiontransportation equipment; service concession-furniture, fixtures and books and other service concession assets in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Road Networks 02 – Flood Control Systems 03 – Sewer Systems 04 – Water Supply Systems 05 – Power Supply Systems 06 – Communication Networks 07 – Seaport Systems 08 – Airport Systems 09 – Parks, Plaza and Monuments 10 – Railway Systems 11 – Buildings and Other Structures 12 – Machinery and Equipment 13 – Transportation Equipment 14 – Furniture, Fixtures and Books 99 – Other Service Concession Assets Account Title Account Number Normal Balance Description Depreciation-Exploration and Evaluation Assets 50501120 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of exploration and evaluation assets; underground tunnel; mining equipment and other exploration and evaluation assets in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Underground Tunnel 02 – Mining Equipment 99 – Other Exploration and Evaluation Assets 202 Account Title Account Number Normal Balance Description Depreciation-Biological Assets 50501130 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of biological assets in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Depreciation-Other Property, Plant and Equipment 50501990 Debit This account is used to recognize the periodic allocation of cost for the wear and tear of other property, plant and equipment not falling under any of the specific Property, Plant and Equipment account in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Work/Zoo Animals 99 – Other Property, Plant and Equipment 02 Amortization Account Title Account Number Normal Balance Description Amortization-Intangible Assets 50502010 Debit This account is used to recognize the periodic allocation of cost of intangible assets. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Patents/Copyrights 02 – Computer Software 03 – Websites 04 – Goodwill 99 – Other Intangible Assets Account Title Account Number Normal Balance Description Amortization-Service Concession-Intangible Assets 50502020 Credit This account is used to recognize the periodic allocation of cost of service concession-intangible assets. This account shall be closed to the Revenue/Income and Expense Summary account. 203 03 Impairment Loss Account Title Account Number Normal Balance Description Impairment Loss-Financial Assets Held to Maturity 50503010 Debit This account is used to recognize the loss incurred due to impairment of financial assets held to maturity. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Loans and Receivables 50503020 Debit This account is used to recognize the loss incurred due to impairment of loans and receivables and other financial assets where amortized cost is greater than the value of estimated future cash flows discounted at original effective interest rate. This includes loans, advances and other accounts which management has finally determined to be worthless/uncollectible and writtenoff from the books in accordance with generally accepted procedures and existing rules and regulations. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Lease Receivables 50503030 Debit This account is used to recognize the loss incurred due to impairment of lease receivables. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Investments in Government Corporations 50503040 Debit This account is used to recognize the loss incurred in writing down investments in government corporations below cost to fair value less costs to sell. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Investments in Joint Venture 50503050 Debit This account is used to recognize the loss incurred in writing down investments in joint venture below cost to fair value less costs to sell. This account shall be closed to the Revenue/Income and Expense Summary account. 204 Account Title Account Number Normal Balance Description Impairment Loss-Other Receivables 50503060 Debit This account is used to recognize the loss incurred due to impairment of other receivables. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Inventories 50503070 Debit This account is used to recognize the loss incurred in writing down inventory value below cost to its net realizable value. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Investment Property 50503080 Debit This account is used to recognize the loss incurred due to impairment of property held for rental/lease or for capital appreciation where carrying amount is greater than depreciated replacement cost. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Land 02 – Buildings Account Title Account Number Normal Balance Description Impairment Loss-Property, Plant and Equipment 50503090 Debit This account is used to recognize the loss incurred due to impairment of property, plant and equipment where carrying amount is greater than depreciated replacement cost. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Biological Assets 50503100 Debit This account is used to recognize the loss incurred due to impairment of biological assets where carrying amount is greater than depreciated replacement cost. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Intangible Assets 50503110 Debit This account is used to recognize the loss incurred due to impairment of intangible asset where carrying amount is greater 205 than recoverable amount/recoverable service amount. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Patents/Copyrights 02 – Computer Software 03 – Websites 04 – Goodwill 99 – Other Intangible Assets Account Title Account Number Normal Balance Description Impairment Loss-Investments in Associates/Affiliates 50503120 Debit This account is used to recognize the loss incurred in writing down investments in associates/affiliates below cost to fair value less costs to sell. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Domestic Investments 50503130 Debit This account is used to recognize the loss incurred in writing down domestic investments below cost to fair value less costs to sell. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Investments in Stocks 50503140 Debit This account is used to recognize the loss incurred in writing down investments in stocks below cost to fair value less costs to sell. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Investments in Subsidiaries 50503150 Debit This account is used to recognize the loss incurred in writing down investments in subsidiaries below cost to fair value less costs to sell. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Non-Current Assets Held for Sale 50503160 Debit This account is used to recognize the loss incurred in writing down non-current assets held for sale below cost to fair value less costs to sell. This account shall be closed to the Revenue/Income and Expense Summary account. 206 Account Title Account Number Normal Balance Description Impairment Loss-Service Concession-Intangible Assets 50503170 Debit This account is used to recognize the loss incurred in writing down service concession-intangible assets below cost to fair value less costs to sell. This account shall be closed to the Revenue/Income and Expense Summary account. Subsidiary Ledgers: 01 – Patents/Copyrights 02 – Computer Software 03 – Websites 04 – Goodwill 99 – Other Intangible Assets Account Title Account Number Normal Balance Description Impairment Loss-Other Investments 50503180 Debit This account is used to recognize the loss incurred in writing down other investments below cost to fair value less costs to sell. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Impairment Loss-Other Assets 50503990 Debit This account is used to recognize the loss incurred in writing down assets not falling under any of the specific asset accounts below cost to fair value less costs to sell. This account shall be closed to the Revenue/Income and Expense Summary account. 04 Losses Account Title Account Number Normal Balance Description Loss on Foreign Exchange (FOREX) 50504010 Debit This account is used to recognize the losses arising from revaluation of assets and liabilities denominated in foreign currencies. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss on Sale/Redemption/Transfer of Investments 50504020 Debit This account is used to recognize realized loss on sale/redemption/transfer of investments such as financial assets held for trading, financial assets designated at fair value through surplus/profit or deficit/loss and non-trading financial assets. This account shall be closed to the Revenue/Income and Expense 207 Summary account. Account Title Account Number Normal Balance Description Loss on Sale of Investment Property 50504030 Debit This account is used to recognize the amount of loss on sale of investment property. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss on Sale of Property, Plant and Equipment 50504040 Debit This account is used to recognize the amount of loss on sale of property, plant and equipment. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss on Sale of Biological Assets 50504050 Debit This account is used to recognize the amount of loss on sale of biological assets. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss on Sale of Agricultural Produce 50504060 Debit This account is used to recognize the amount of loss on sale of agricultural produce. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss on Sale of Intangible Assets 50504070 Debit This account is used to recognize the amount of loss on sale of intangible assets. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss on Sale of Assets 50504080 Debit This account is used to recognize the amount of loss on sale of assets. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss of Assets 50504090 Debit This account is used to recognize amount of loss suffered by government due to theft/fortuitous events/calamities/civil unrest and events of same nature for which relief has been granted. This 208 account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss on Initial Recognition of Biological Assets 50504110 Debit This account is used to recognize amount of loss incurred upon initial recognition of biological assets representing the cost to sell. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss from Changes in Fair Value of Financial Instruments 50504120 Debit This account is used to recognize the loss from changes in fair value of financial instruments such as financial assets and liabilities held for trading, financial assets and liabilities designated at fair value through surplus/profit or deficit/loss and non-trading financial assets and liabilities. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Loss from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Physical Change 50504130 Debit This account is used to recognize loss from changes in fair value less cost to sell of biological assets due to physical change. This account shall be closed to the Revenue/Income and Expense Summary account. Account Number Normal Balance Description Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Loss from Changes in Fair Value Less Cost to Sell of Biological Assets Due to Price Change 50504140 Debit This account is used to recognize loss from changes in fair value less cost to sell of biological assets due to price change. This account shall be closed to the Revenue/Income and Expense Summary account. Loss on Sale/Redemption/Transfer of Financial Liabilities 50504150 Debit This account is used to recognize loss from sale/redemption/transfer of financial liabilities designated at fair value through surplus/profit or deficit/loss, non-trading financial liabilities and held for trading securities. This account shall be closed to the Revenue/Income and Expense Summary account. 209 Account Title Account Number Normal Balance Description Loss on Securitization 50504160 Debit This account is used to recognize the loss recognized after full redemption of certificates or at the end of term of mortgagebacked securities. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss from Fair Value Adjustment in Hedge Accounting 50504170 Debit This account is used to recognize loss from remeasuring the derivative hedging instruments at fair value or the foreign currency component of the carrying amount of a non-derivative hedging instrument. This also refers to loss arising from the change in fair value of the hedged items in a fair value hedge. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss from Changes in Fair Value of Investment Property 50504180 Debit This account is used to recognize the loss from changes in fair value of investment property. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Loss on Guaranty 50504190 Debit This refers to losses incurred for guaranteed loans of government corporations as authorized by law or corporate body. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Share in the Loss of Joint Venture 50504200 Debit This account is used to recognize the share of government entities from the loss of joint venture operations under the equity method of accounting. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Share in the Loss of Associates/Affiliates 50504210 Debit This account is used to recognize the share in the loss of associates/affiliates under the equity method of accounting. This account shall be closed to the Revenue/Income and Expense Summary account. 210 Account Title Account Number Normal Balance Description Other Losses 50504990 Debit This account is used to recognize the amount of losses not falling under any of the specific loss accounts. This account shall be closed to the Revenue/Income and Expense Summary account. 05 Discounts and Rebates Account Title Account Number Normal Balance Description Other Discounts 50505010 Debit This account is used to recognize amount of discounts not falling under any of the specific discount accounts. This includes discounts given from disposal of acquired assets. This account shall be closed to the Revenue/Income and Expense Summary account. Account Title Account Number Normal Balance Description Rebates 50505020 Debit This account is used to recognize reduction on the amount of amortization due to receipt of payment on or before due date. This account shall be closed to the Revenue/Income and Expense Summary account. 211
