Revised Philippine Government Chart of Accounts

January 29, 2008

COA CIRCULAR NO. 001-08

 

This Circular is issued to prescribe the use of a more comprehensive Chart of Accounts to respond to the information needs of various government agencies in implementing the New Government Accounting System (NGAS), thereby superseding COA Circular Nos. 2003-001, 2004-002, and 2004-008 dated June 17, 2003, April 29, 2004 and September 20, 2004, respectively.

The Revised Philippine Government Chart of Accounts (PGCA) shall be used by National Government Agencies, Local Government Units, and Government-Owned and/or Controlled Corporations except government banks, the Government Service Insurance System and the Social Security System.

The account codes, account titles and account descriptions of the PGCA, attached as Annex A, are grouped as follows:

	Accounts	Account Codes
Assets			100-399
	Asset Contra-Accounts	301-362
Liabilities			400-469
	Liability Contra Accounts	461-462
Equity				470-499
Income			500-699
	Tax Revenue	501-539
	Internal Revenue Allotment	541
	Fees, Permits and License Income	551-569
	Business and Service Income	571-619
	Gains	621-629
	Subsidy Income	631-639
	Other Income	641-659
	Income Contra Accounts	661-667
Expenses			700-997
	Personal Services	701-749
	Maintenance and Other	751-989
		Operating Expenses
	Financial Expenses	991-997
Intermediate Accounts		998-999

 

All account balances shall be reclassified to the appropriate accounts in the revised PGCA. HCIaDT

Accounts other than those provided in the PGCA shall be used only upon prior approval of this Commission.

This Circular shall take effect fifteen (15) days after publication in two newspapers of general circulation.

(SGD.) GUILLERMO N. CARAGUEChairman

ANNEX A

PHILIPPINE GOVERNMENT CHART OF ACCOUNTS

ASSETS

Cash

101 Cash in Treasury

102 Cash — Collecting Officers

103 Working Fund

104 Petty Cash Fund

105 Payroll Fund

106 Cash — National Treasury, Modified Disbursement System

107 Cash in Bank — Local Currency

108 Cash in Bank — Foreign Currency

Receivable Accounts

111 Accounts Receivable

112 Notes Receivable

113 Real Property Tax Receivable

114 Special Education Tax Receivable

115 Internal Revenue Receivable

116 Loans Receivable

117 Interests Receivable

118 Receivership and Liquidation Receivable

119 Subrogated Claims Receivable

121 Installment Sales Receivable

Inter-Agency Receivables

122 Due from National Treasury

123 Due from National Government Agencies

124 Due from Government-Owned and/or Controlled Corporations

125 Due from Local Government Units

Intra-Agency Receivables

126 Due from Central/Home Office

127 Due from Parent Corporation

128 Due from Bureaus/Offices

129 Due from Regional/Branch Offices

131 Due from Subsidiaries and Affiliates

132 Due from Operating/Field Units

133 Due from Other Funds/Books

Other Receivables

134 Advances to Officers and Employees cEHSTC

135 Due from Officers and Employees

136 Receivable — Disallowances/Charges

137 Subscriptions Receivable

138 Assigned Receivable

139 Dividend Receivable

141 Rent/Lease Receivable

142 Joint Ventures Receivable

143 Insurance/Reinsurance Claims Receivable

144 Due from Non-Governmental Organizations/People's Organizations

149 Other Receivables

Inventories

Supplies Inventory

151 Office Supplies Inventory

152 Medical, Dental and Laboratory Supplies Inventory

153 Military, Police and Traffic Supplies Inventory

154 School Supplies Inventory

155 Hospital Supplies Inventory

156 Agricultural and Marine Supplies Inventory

157 Fuel, Oil and Lubricants Inventory

158 Chemical and Filtering Supplies Inventory

159 Maintenance Supplies Inventory

Trading/Manufacturing Inventory

161 Merchandise Inventory

162 Raw Materials Inventory

163 Work in Process Inventory

164 Finished Goods Inventory

165 Real Estate Inventory

Other Inventories

166 Garnished/Foreclosed/Reclaimed/Confiscated/Abandoned/Seized   Real and Other Tangible Properties

167 Spare Parts Inventory

168 Construction Materials Inventory

169 Other Inventories

Prepayments, Deposits and Deferred Charges

171 Prepaid Rent

172 Prepaid Insurance

173 Prepaid Interest

174 Prepaid Income Tax

175 Deposit on Letters of Credit

176 Advances to Contractors

177 Guaranty Deposits

178 Other Prepayments and Deposits

179 Deferred Tax Asset

181 Input Tax

189 Other Deferred Charges

Investments

191 Treasury Bills

192 Stocks and Bonds

193 Investments in Subsidiaries and Affiliates

194 Investments in Joint Venture

195 Investments in Economic Enterprises

196 Investments in Acquired Companies

199 Other Investments

Property, Plant and Equipment DEcSaI

Land and Other Improvements

201 Land

202 Land Improvements

Plant, Buildings and Other Structures

203 Plant

204 Buildings and Other Structures

Leasehold Improvements

205 Leasehold Improvements — Land

206 Leasehold Improvements — Plant, Buildings and Other Structures

Equipment and Machinery

207 Office Equipment

208 Medical, Dental and Laboratory Equipment

209 Military, Police and Traffic Equipment

211 School Equipment

212 Hospital Equipment

213 Agricultural and Marine Equipment

214 Land Transport Equipment

215 Aircraft

216 Watercraft

217 Construction/Port Equipment

218 Technical and Scientific Machinery and Equipment

225 Other Machinery and Equipment

Furniture, Fixtures and Books

226 Furniture and Fixtures

227 Books

Public Infrastructures and Reforestations

231 Public Infrastructures

232 Reforestations

Construction in Progress

241 Construction in Progress — Public Infrastructures

242 Construction in Progress — Land Improvements

243 Construction in Progress — Plant

244 Construction in Progress — Buildings and Other Structures

245 Construction in Progress — Leasehold Improvements — Land

246 Construction in Progress — Leasehold Improvements — Plant,   Buildings and Other Structures

247 Construction in Progress — Real Estate

249 Reforestations in Progress

Other Assets

261 Intangible Assets

262 Natural Resource Deposits

263 Sinking Fund

264 Premium Reserve Fund

265 Restricted Fund

266 Other Reserve Funds

267 Arts, Archeological Specimens and Other Exhibits

268 Work/Breeding/Other Animals

269 Agricultural Plants and Trees

271 Aquaculture

279 Other Assets

Asset Contra Accounts

301 Allowance for Doubtful Accounts

302 Accumulated Depreciation — Land Improvements

303 Accumulated Depreciation — Plant AHaETS

304 Accumulated Depreciation — Buildings and Other Structures

305 Accumulated Depreciation — Leasehold Improvements — Land

306 Accumulated Depreciation — Leasehold Improvements — Plant,   Buildings and Other Structures

307 Accumulated Depreciation — Office Equipment

308 Accumulated Depreciation — Medical, Dental and Laboratory   Equipment

309 Accumulated Depreciation — Military, Police and Traffic Equipment

311 Accumulated Depreciation — School Equipment

312 Accumulated Depreciation — Hospital Equipment

313 Accumulated Depreciation — Agricultural and Marine Equipment

314 Accumulated Depreciation — Land Transport Equipment

315 Accumulated Depreciation — Aircraft

316 Accumulated Depreciation — Watercraft

317 Accumulated Depreciation — Construction/Port Equipment

318 Accumulated Depreciation — Technical and Scientific Machinery   and Equipment

325 Accumulated Depreciation — Other Machinery and Equipment

326 Accumulated Depreciation — Furniture and Fixtures

361 Accumulated Amortization — Intangible Assets

362 Accumulated Depletion — Natural Resource Deposits

LIABILITIES AND EQUITY

Payable Accounts

401 Accounts Payable

402 Notes Payable

403 Due to Members

404 Dividends Payable

405 Insurance/Reinsurance Premium Payable

406 Interest Payable

407 Pension and Retirement Benefits Payable

408 Tax Refunds Payable

409 Informers' Rewards Payable

Inter-Agency Payables

411 Due to National Treasury

412 Due to National Government Agencies

413 Due to Government-Owned and/or Controlled Corporations

414 Due to Local Government Units

Intra-Agency Payables

415 Due to Central/Home Office

416 Due to Parent Corporations

417 Due to Bureaus/Offices

418 Due to Regional/Branch Offices

419 Due to Subsidiaries and Affiliates

421 Due to Operating/Field Units

422 Due to Other Funds/Books

Other Payables

423 Due to Officers and Employees

424 Contractors' Security Deposits

425 Bail Bonds Payable

429 Other Payables

Mortgage/Bonds/Loans/Lease Payable

431 Mortgage Payable cTSDAH

432 Bonds Payable

433 Loans Payable

439 Lease Payable

Deferred Credits

441 Deferred Real Property Tax Income

442 Deferred Special Education Tax Income

443 Deferred Interest Income

444 Deferred Income from Installment Sales

445 Deferred Income from Leased Properties

446 Deferred Tax Liability

447 Deferred Internal Revenue Income

448 Unearned Premiums

449 Deposit for Future Sales/Subscriptions

451 Customers' Deposits

452 Output Tax

459 Other Deferred Credits

Liability Contra Accounts

461 Discounts on Bonds Payable

462 Premiums on Bonds Payable

Equity

471 Government Equity

472 Members' Equity

473 Capital Stock

474 Premium on Capital Stock

475 Subscribed Capital Stock

476 Treasury Stock

477 Capital/Equity Reserve

478 Revaluation Capital

479 Donated Capital

481 Retained Earnings

INCOME

Tax Revenue

501 Income Tax

502 Import Duties

503 Value Added Tax

504 Expanded Value Added Tax

505 Final Tax

506 Excise Tax

507 Business Tax

508 Documentary Stamp Tax

509 Amusement Tax

511 Capital Gains Tax

512 Franchise Tax

513 Estate Tax

514 Donors Tax

515 Immigration Tax

516 Professional Tax

517 Property Transfer Tax

518 Stock Transfer Tax

519 Common Carrier Tax

521 Travel Tax

522 Motor Vehicles Users Tax AEaSTC

523 Real Property Tax

524 Special Education Tax

525 Special Levy on Idle Lands

526 Special Levy on Lands Benefited by Public Works Projects

527 Printing and Publication Tax

528 Tax on Sand, Gravel and Other Quarry Products

529 Tax on Delivery Vans and Trucks

531 Community Tax

532 Percentage Tax

538 Other Taxes

539 Fines and Penalties — Tax Revenue

Internal Revenue Allotment

541 Internal Revenue Allotment

Fees, Permits and License Income

551 License Fees

552 Registration Fees

553 Inspection Fees

554 Processing Fees

555 Clearance and Certification Fees

556 Permit Fees

557 Fees on Weights and Measures

558 Occupation Fees

568 Other Fees

569 Fines and Penalties — Fees, Permits and License Income

Business and Service Income

571 Sales Revenue

572 Commission Income

573 Concession Income

574 Rent/Lease Income

575 Guarantee Income

576 Generation, Transmission and Distribution Income

577 Winnings

578 Unclaimed Prizes

579 Insurance/Reinsurance Premiums

581 School Fees

582 Seminar/Training Fees

583 Examination Fees

584 Athletic and Cultural Fees

585 Fabrication Fees

586 Financing Fees

587 Irrigation Fees

588 Landing and Aeronautical Fees

589 Parking/Terminal Fees

591 Toll Fees

592 Transportation Fees

593 Port Duties and Fees

594 Wharfage Fees

595 Lodging Fees

596 Hospital Fees

597 Medical, Dental and Laboratory Fees

598 Market and Slaughterhouse Fees

601 Garbage Fees

602 Management Supervision/Trusteeship Fees

603 Consultancy Fees EDCcaS

604 Audit Fees

605 Consular Service Fees

606 Legal Fees

607 Litigation Fees

608 Participation Fees

609 Postal and Telemoney Order Fees

611 Income from Economic Enterprises

612 Interest Income

613 Dividend Income

614 Membership Fees

618 Other Business and Service Income

619 Fines and Penalties — Business and Service Income

Gains

621 Gain on Foreign Exchange

622 Gain on Securitization

623 Gain on Sale of Assets

624 Gain on Investments

629 Other Gains

Subsidy Income

631 Subsidy from National Government

632 Subsidy from Central Office

633 Subsidy from Bureaus/Offices

634 Subsidy from Regional Offices

635 Subsidy from Operating/Field Units

636 Subsidy from Local Government Units

637 Subsidy from Government-Owned and/or Controlled Corporations

638 Subsidy from Other Funds

639 Other Subsidy Income

Other Income

641 Share from Income of Joint Venture Operations

642 Share from Income of Economic Zones and Zone Locators

643 Share from Expanded Value Added Tax

644 Share from National Wealth

645 Share from Receipts of PAGCOR and PCSO

646 Share from Tobacco Excise Tax

647 Share from Arrastre and Stevedoring Income

648 Share from Income of Other GOCCs

649 Grants and Donations

659 Other Income

Income Contra Accounts

661 Cost of Sales

662 Discounts

663 Tax Refunds

664 Premium Refunds

665 Sales Returns

666 Hospital Free Services

667 Rebates

EXPENSES

Personal Services

Salaries and Wages

701 Salaries and Wages — Regular

702 Salaries and Wages — Military/Police

703 Salaries and Wages — Faculty SHaATC

706 Salaries and Wages — Others

Other Compensations

707 Personnel Economic Relief Allowance (PERA)

708 Additional Compensation (ADCOM)

710 Representation Allowance

711 Transportation Allowance

712 Clothing and Uniform Allowance

713 Honoraria

714 Year-end Bonus

719 Other Bonuses and Allowances

Personnel Benefit Contributions

721 Life and Retirement Insurance Contributions

722 Pag-IBIG Contributions

723 PHILHEALTH Contributions

724 ECC Contributions

725 Provident Fund Contributions

729 Other Personnel Benefit Contributions

Other Personnel Benefits

731 Pension Benefits — Regular

732 Pension Benefits — Military/Police

733 Pension Benefits — Faculty

734 Retirement Benefits — Regular

735 Retirement Benefits — Military/Police

736 Retirement Benefits — Faculty

737 Vacation and Sick Leave Benefits

749 Other Personnel Benefits

Maintenance and Other Operating Expenses

Supplies Expenses

751 Office Supplies Expenses

752 Medical, Dental and Laboratory Supplies Expenses

753 Military, Police and Traffic Supplies Expenses

754 School Supplies Expenses

755 Hospital Supplies Expenses

756 Agricultural and Marine Supplies Expenses

757 Fuel, Oil and Lubricants Expenses

758 Chemical and Filtering Supplies Expenses

759 Maintenance Supplies Expenses

765 Other Supplies Expenses

Travel and Educational Expenses

766 Travel Expenses

767 Training and Scholarship Expenses

Utility Expenses

768 Water

769 Electricity

771 Fuel

Communication Expenses

772 Postage and Deliveries

773 Telephone Expenses — Landline

774 Telephone Expenses — Mobile

775 Internet Expenses

776 Cable, Satellite, Telegraph and Radio Expenses

Printing and Advertising Expenses

777 Printing Expenses SaHTCE

778 Advertising, Promotional and Marketing Expenses

Taxes, Duties and Premiums

779 Taxes, Duties and Licenses

781 Insurance/Reinsurance Premiums

Representation Expenses

782 Representation Expenses

Awards, Prizes and Other Claims

783 Awards and Rewards

784 Prizes

785 Indemnities and Other Claims

Rent/Lease Expenses

786 Rent/Lease Expenses

Survey and Research Expenses

787 Survey Expenses

788 Research, Exploration and Development Expenses

Demolition and Dredging Expenses

789 Demolition and Relocation Expenses

791 Desilting and Dredging Expenses

Generation and Distribution Expenses

792 Generation, Transmission and Distribution Expenses

Members' Benefits

793 Members' Benefits

Confidential, Intelligence, Extraordinary and Miscellaneous Expenses

794 Confidential and Intelligence Expenses

795 Extraordinary and Miscellaneous Expenses

Membership Dues and Contribution Expenses

796 Membership Dues and Contributions to Organizations

Cultural and Athletic Expenses

797 Cultural and Athletic Expenses

Food and Laundry Expenses

798 Food Expenses

799 Laundry Expenses

Repairs and Maintenance

801 Repairs and Maintenance — Public Infrastructures

802 Repairs and Maintenance — Land Improvements

803 Repairs and Maintenance — Plant

804 Repairs and Maintenance — Buildings and Other Structures

805 Repairs and Maintenance — Leasehold Improvements — Land

806 Repairs and Maintenance — Leasehold Improvements — Plant,   Buildings and Other Structures

807 Repairs and Maintenance — Office Equipment

808 Repairs and Maintenance — Medical, Dental and Laboratory   Equipment

809 Repairs and Maintenance — Military, Police and Traffic Equipment

811 Repairs and Maintenance — School Equipment

812 Repairs and Maintenance — Hospital Equipment

813 Repairs and Maintenance — Agricultural and Marine Equipment

814 Repairs and Maintenance — Land Transport Equipment

815 Repairs and Maintenance — Aircraft

816 Repairs and Maintenance — Watercraft

817 Repairs and Maintenance — Construction/Port Equipment

818 Repairs and Maintenance — Technical and Scientific Machinery and   Equipment

825 Repairs and Maintenance — Other Machinery and Equipment

826 Repairs and Maintenance — Furniture and Fixtures cDTaSH

827 Restorations and Maintenance — Books

829 Maintenance — Reforestations

Subsidies

831 Subsidy to National Government Agencies

832 Subsidy to Central Office

833 Subsidy to Bureaus/Offices

834 Subsidy to Regional Offices

835 Subsidy to Operating/Field Units

836 Subsidy to Local Government Units

837 Subsidy to Government-Owned and/or Controlled Corporations

838 Subsidy to Other Funds

839 Other Subsidies

Donations

841 Donations

Professional Services

842 Legal Services

843 Auditing Services

844 Consultancy Services

845 General/Janitorial Services

846 Security Services

847 Brokers Services

848 Computer Data Processing Services

849 Other Professional Services

Doubtful Accounts, Depreciation, Amortization and Depletion

901 Doubtful Accounts Expenses

902 Depreciation — Land Improvements

903 Depreciation — Plant

904 Depreciation — Buildings and Other Structures

905 Depreciation — Leasehold Improvements — Land

906 Depreciation — Leasehold Improvements — Plant, Buildings and   Other Structures

907 Depreciation — Office Equipment

908 Depreciation — Medical, Dental and Laboratory Equipment

909 Depreciation — Military, Police and Traffic Equipment

911 Depreciation — School Equipment

912 Depreciation — Hospital Equipment

913 Depreciation — Agricultural and Marine Equipment

914 Depreciation — Land Transport Equipment

915 Depreciation — Aircraft

916 Depreciation — Watercraft

917 Depreciation — Construction/Port Equipment

918 Depreciation — Technical and Scientific Machinery and Equipment

925 Depreciation — Other Machinery and Equipment

926 Depreciation — Furniture and Fixtures

931 Amortization — Intangible Assets

932 Depletion — Natural Resource Deposits

Losses

981 Loss on Foreign Exchange

982 Loss on Securitization

983 Loss on Sale of Assets

984 Loss on Investments

985 Loss of Assets

986 Impairment Loss

987 Other Losses cACEaI

Other Maintenance and Operating Expenses

989 Other Maintenance and Operating Expenses

Financial Expenses

991 Bank Charges

992 Commitment Fees

993 Guarantee Fees

994 Loss on Guaranty

995 Documentary Stamp Expenses

996 Interest Expenses

997 Other Financial Charges

INTERMEDIATE ACCOUNTS

998 Provision for Income Tax

999 Income and Expense Summary

PHILIPPINE GOVERNMENT CHART OF ACCOUNTS

	ASSETS
Cash
Account Title	Cash in Treasury
Account Number	101
Normal Balance	Debit
Description	Amount of cash received by the Treasurer of the Philippines
	(TOP), Local and Corporate Treasurers for deposit to
	Authorized Government Depository Bank (AGDB). Its account
	includes cash, check, postal money order and bank draft.
Account Title	Cash — Collecting Officers
Account Number	102
Normal Balance	Debit
Description	Amount of collections with the Collecting
	Officers/Cashiers/Postmasters/Telegraph Operators for
	deposit to AGDB or remittance to Treasurer/Cashier.
Account Title	Working Fund
Account Number	103
Normal Balance	Debit
Description	Amount granted to accountable officers, sub-units such as
	foreign posts, field units etc. for regular operating activities.
Account Title	Petty Cash Fund
Account Number	104
Normal Balance	Debit
Description	Amount granted to designated Petty Cash Custodian for
	payment of petty expenses which cannot be conveniently paid
	through checks.
Account Title	Payroll Fund
Account Number	105
Normal Balance	Debit
Description	Amount granted to designated Disbursing Officer for payment
	of salaries, wages, honoraria, allowances and other personnel
	benefits. It also includes labor payroll for projects undertaken
	by administration.
Account Title	Cash — National Treasury, Modified Disbursement System
Account Number	106
Normal Balance	Debit
Description	Amount of cash allocation received from the Department of
	Budget and Management (DBM) per Notice of Cash
	Allocation (NCA) and/or Notice of Transfer of Allocation
	(NTA) from the Central Office/Regional Office of National
	Government Agencies in which cash is withdrawn thru the
	issuance of Modified Disbursement System (MDS) checks
	and Authority to Debit Advice (ADA).
Account Title	Cash in Bank — Local Currency
Account Number	107
Normal Balance	Debit
Description	Cash in local currency deposited in savings, current and time
	deposit accounts with the Bangko Sentral ng Pilipinas (BSP),
	AGDBs and/or Authorized Agent Banks (AABs).
Account Title	Cash in Bank — Foreign Currency
Account Number	108
Normal Balance	Debit
Description	Cash in foreign currency deposited in savings, current and
	time deposit accounts with the BSP and/or AGDB.
Receivable Accounts
Account Title	Accounts Receivable
Account Number	111
Normal Balance	Debit
Description	Amount due from customers arising from regular trade and
	business transactions.
Account Title	Notes Receivable
Account Number	112
Normal Balance	Debit
Description	Amount of promissory notes/time drafts/trade
	acceptances/other negotiable short-term instruments acquired
	from debtors.
Account Title	Real Property Tax Receivable
Account Number	113
Normal Balance	Debit
Description	Amount of basic real property tax on land, building,
	machinery and other property improvements due from real
	property owners.
Account Title	Special Education Tax Receivable
Account Number	114
Normal Balance	Debit
Description	Additional levy on real property due from real property
	owners for the Special Education Fund (SEF).
Account Title	Internal Revenue Receivable
Account Number	115
Normal Balance	Debit
Description	Amount of receivables from taxpayers through installments,
	final assessments, dishonored checks and others, which have
	become final and executory.
Account Title	Loans Receivable
Account Number	116
Normal Balance	Debit
Description	Amount of credit extended to debtors covered by loan
	agreements.
Account Title	Interests Receivable
Account Number	117
Normal Balance	Debit
Description	Amount of interests on investments or installment sales
	already earned but not yet collected.
Account Title	Receivership and Liquidation Receivable
Account Number	118
Normal Balance	Debit
Description	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	Subrogated Claims Receivable
Account Number	119
Normal Balance	Debit
Description	Amount of insured deposits paid by agency to depositors of
	closed banks; advances made by the agency to creditor banks
	or assumption of the guaranteed portion of the loan, interests
	as well as other charges related thereto under the guarantee
	program.
Account Title	Installment Sales Receivable
Account Number	121
Normal Balance	Debit
Description	Amount due from debtors for the sale of goods or property on
	installment basis.
Inter-Agency Receivables
Account Title	Due from National Treasury
Account Number	122
Normal Balance	Debit
Description	Amount of cash deposited with the AGDB for the account of
	the TOP subject to withdrawal thru NCA from DBM (i.e.,
	transfer of funds to implementing agencies, performance
	bond, etc.).
Account Title	Due from National Government Agencies
Account Number	123
Normal Balance	Debit
Description	Receivables from National Government Agencies (NGAs)
	pertaining to fund transfer for implementation of projects
	subject to liquidation and for advances to Procurement
	Service for delivery of goods ordered. It also includes
	receivable of Local Government Units (LGUs) for Internal
	Revenue Allotment (IRA) based on Notice of Funding Check
	(NFC) received.
Account Title	Due from Government-Owned and/or Controlled Corporations
Account Number	124
Normal Balance	Debit
Description	Receivables from Government-Owned and/or Controlled
	Corporations (GOCCs) pertaining to fund transfer for
	implementation of projects subject to liquidation, delivery of
	goods and services, advances and relent loans to GOCCs not
	covered by loan agreement.
Account Title	Due from Local Government Units
Account Number	125
Normal Balance	Debit
Description	Receivables from LGUs pertaining to fund transfer for
	implementation of projects subject to liquidation or delivery
	of goods and services.
Intra-Agency Receivables
Account Title	Due from Central/Home Office
Account Number	126
Normal Balance	Debit
Description	Receivables of Regional Offices/Bureaus/Operating Units of
	NGAs from their Central Office and/or Branch/Field Offices
	of GOCCs from their Home Office.
Account Title	Due from Parent Corporation
Account Number	127
Normal Balance	Debit
Description	Receivables of Subsidiaries and Affiliates from the Parent
	Corporation.
Account Title	Due from Bureaus/Offices
Account Number	128
Normal Balance	Debit
Description	Receivables of the Central/Regional Offices/Operating Units
	of NGAs from their Bureaus and Offices. It also includes
	receivables of a Bureau/Office from another Bureau/Office of
	the same agency.
Account Title	Due from Regional/Branch Offices
Account Number	129
Normal Balance	Debit
Description	Receivables of the Central Offices/Bureaus/Operating Units
	from Regional Offices of NGAs or receivables of Home
	Office from Branch Offices of GOCCs. It also includes
	receivables of a Regional/Branch Office from another
	Regional/Branch Office of the same agency.
Account Title	Due from Subsidiaries and Affiliates
Account Number	131
Normal Balance	Debit
Description	Receivables of the Parent Corporation from Subsidiaries and
	Affiliates.
Account Title	Due from Operating/Field Units
Account Number	132
Normal Balance	Debit
Description	Receivables of the Central/Regional Office/Bureaus of NGAs
	from their Operating Units or Home/Branch Office of GOCCs
	from the Field Units. It also includes receivables of an
	Operating/Field Unit from another Operating/Field Unit of the
	same agency.
Account Title	Due from Other Funds/Books
Account Number	133
Normal Balance	Debit
Description	Receivable of one fund from another fund maintained within
	an agency. It includes informers rewards, tax credit
	certificates converted to cash deducted from tax collections or
	accountability of collecting officers recorded in the National
	Government (NG) books but paid or deducted from their
	salary and/or retirement/terminal pay under Regular Agency
	(RA) books.
Other Receivables
Account Title	Advances to Officers and Employees
Account Number	134
Normal Balance	Debit
Description	Amount granted to agency's accountable officers and
	employees for special purpose/time-bound undertakings.
Account Title	Due from Officers and Employees
Account Number	135
Normal Balance	Debit
Description	Amount due from agency's officers and employees for
	overpayment, cash shortage, loss of assets and other bills
	issued by the agency. It also includes advances for official
	travel.
Account Title	Receivable — Disallowances/Charges
Account Number	136
Normal Balance	Debit
Description	Amount due from public/private individuals/entities for audit
	disallowances/charges which have become final and
	executory.
Account Title	Subscriptions Receivable
Account Number	137
Normal Balance	Debit
Description	Amount due from stockholders for unpaid subscribed capital
	stock.
Account Title	Assigned Receivable
Account Number	138
Normal Balance	Debit
Description	Amount due for value of receivable assigned for collection. It
	also includes accounts/promissory notes assigned as
	collaterals or assignment "with recourse".
Account Title	Dividend Receivable
Account Number	139
Normal Balance	Debit
Description	Amount of declared cash dividends from investment in stocks.
Account Title	Rent/Lease Receivable
Account Number	141
Normal Balance	Debit
Description	Amount due from rental/lease of government property.
Account Title	Joint Ventures Receivable
Account Number	142
Normal Balance	Debit
Description	Amount of receivable due from joint venture parties.
Account Title	Insurance/Reinsurance Claims Receivable
Account Number	143
Normal Balance	Debit
Description	Amount due from insurance companies for damages and other
	related claims.
Account Title	Due from Non-Governmental Organizations/People's
	Organizations
Account Number	144
Normal Balance	Debit
Description	Amount of advances granted to Non-Governmental
	Organizations (NGOs)/People's Organizations (POs) for
	implementation of specific projects.
Account Title	Other Receivables
Account Number	149
Normal Balance	Debit
Description	Amount due from debtors not falling under any of the specific
	receivable account.
Inventories
	Supplies Inventory
Account Title	Office Supplies Inventory
Account Number	151
Normal Balance	Debit
Description	Cost or fair value of office supplies acquired for government
	operations. It includes accountable forms and small tangible
	items such as punchers, staplers, staple removers, flash drives,
	CDs, plastic wares such as monobloc chairs, tables and the
	like.
Account Title	Medical, Dental and Laboratory Supplies Inventory
Account Number	152
Normal Balance	Debit
Description	Cost or fair value of medical, dental and laboratory supplies
	acquired for government operations such as glasses, trays,
	mirrors and other plastic wares.
Account Title	Military, Police and Traffic Supplies Inventory
Account Number	153
Normal Balance
Description	Cost or fair value of military, police and traffic supplies
	acquired for government operations such as truncheons,
	ammunitions, night stick, combat shoes, police/traffic gears,
	helmets, plastic wares, etc.
Account Title	School Supplies Inventory
Account Number	154
Normal Balance	Debit
Description	Cost or fair value of school supplies acquired for government
	school operations such as elementary textbooks, instructional
	materials, wooden chairs, tables, desks, plastic wares and
	other school supplies.
Account Title	Hospital Supplies Inventory
Account Number	155
Normal Balance	Debit
Description	Cost or fair value of hospital supplies acquired for
	government hospital operations such as kitchen utensils,
	towels, linens, charts, plastic wares, etc.
Account Title	Agricultural and Marine Supplies Inventory
Account Number	156
Normal Balance	Debit
Description	Cost or fair value of agricultural and marine supplies for
	use/consumption of parks/wildlife/botanical garden and in
	agricultural, zoological, and aquaculture researches,
	environment protection/preservations and the like.
Account Title	Fuel, Oil and Lubricants Inventory
Account Number	157
Normal Balance	Debit
Description	Cost or fair value of fuel, oil and lubricant for use in
	government operations.
Account Title	Chemical and Filtering Supplies Inventory
Account Number	158
Normal Balance	Debit
Description	Cost or fair value of chemicals and filtering supplies for use
	in government operations.
Account Title	Maintenance Supplies Inventory
Account Number	159
Normal Balance	Debit
Description	Cost or fair value of supplies purchased for use in maintaining
	buildings, office facilities, furniture, vehicles and other
	equipment, such as electrical, plumbing, janitorial supplies
	and materials and the like.
Trading/Manufacturing Inventory
Account Title	Merchandise Inventory
Account Number	161
Normal Balance	Debit
Description	Cost or fair value of goods and other products
	purchased/acquired/produced which are intended for sale in
	the ordinary course of business.
Account Title	Raw Materials Inventory
Account Number	162
Normal Balance	Debit
Description	Cost or fair value of unprocessed materials that serve as
	component of produced goods.
Account Title	Work in Process Inventory
Account Number	163
Normal Balance	Debit
Description	Cost or fair value of direct materials, direct labor and
	overhead that are in process of being manufactured or
	fabricated to produce an end product.
Account Title	Finished Goods Inventory
Account Number	164
Normal Balance	Debit
Description	Cost or fair value of manufactured product available for sale
	or issuance.
Account Title	Real Estate Inventory
Account Number	165
Normal Balance	Debit
Description	Cost or fair value of land/buildings and housing units
	constructed which are available for sale.
Other Inventories
Account Title	Garnished/Foreclosed/Reclaimed/Confiscated/Abandoned/
	Seized Real and Other Tangible Properties
Account Number	166
Normal Balance	Debit
Description	Cost or fair/zonal value of goods and other property acquired
	through garnishment/foreclosure/reclamation/confiscation/
	abandonment/seizure of items due to violation of laws, rules
	and regulations.
Account Title	Spare Parts Inventory
Account Number	167
Normal Balance	Debit
Description	Cost or fair value of spare parts purchased/acquired for use in
	the assembly/repair/maintenance of government equipment
	and machineries.
Account Title	Construction Materials Inventory
Account Number	168
Normal Balance	Debit
Description	Cost of construction materials purchased/acquired for use in
	the construction, fabrication, repair and rehabilitation of
	government facilities.
Account Title	Other Inventories
Account Number	169
Normal Balance	Debit
Description	Cost of inventories not falling under any of the specific
	inventory accounts.
Prepayments, Deposits and Deferred Charges
Account Title	Prepaid Rent
Account Number	171
Normal Balance	Debit
Description	Amount advanced for the rentals of property, plant and
	equipment.
Account Title	Prepaid Insurance
Account Number	172
Normal Balance	Debit
Description	Amount advanced for insurance premiums of insurable
	government property and fidelity bond premiums of
	accountable officers.
Account Title	Prepaid Interest
Account Number	173
Normal Balance	Debit
Description	Amount advanced for interest on loans from banks and other
	financial institutions.
Account Title	Prepaid Income Tax
Account Number	174
Normal Balance	Debit
Description	Amount of quarterly corporate tax paid by GOCCs.
Account Title	Deposit on Letters of Credit
Account Number	175
Normal Balance	Debit
Description	Amount of deposit for opening letters of credit.
Account Title	Advances to Contractors
Account Number	176
Normal Balance	Debit
Description	Amount advanced to contractors as authorized by law.
Account Title	Guaranty Deposits
Account Number	177
Normal Balance	Debit
Description	Amount deposited for goods such as deposit for containers
	and deposits made to guarantee compliance with the terms of
	an agreement.
Account Title	Other Prepayments and Deposits
Account Number	178
Normal Balance	Debit
Description	Advance payment for expenses which remain
	unconsumed/unutilized at the end of the accounting period
	which cannot be classified under the specific prepayment
	asset accounts.
Account Title	Deferred Tax Asset
Account Number	179
Normal Balance	Debit
Description	Deferred tax consequence attributable to a deductible
	temporary difference and operating loss carry forward. It is
	the excess of taxable income over the financial income
	multiplied by the tax rate.
Account Title	Input Tax
Account Number	181
Normal Balance	Debit
Description	Creditable Value Added Tax (VAT) withheld on purchases of
	goods, properties or services including lease or use of
	properties.
Account Title	Other Deferred Charges
Account Number	189
Normal Balance	Debit
Description	Advance payment for expenses which remain
	unconsumed/unutilized at the end of the accounting period
	which can not be classified under the specific deferred asset
	accounts.
Investments
Account Title	Treasury Bills
Account Number	191
Normal Balance	Debit
Description	Cost or fair value of investments in treasury bills.
Account Title	Stocks and Bonds
Account Number	192
Normal Balance	Debit
Description	Cost or fair value of authorized investment in stocks and
	bonds.
Account Title	Investments in Subsidiaries and Affiliates
Account Number	193
Normal Balance	Debit
Description	Cost or fair value of investments in Subsidiaries and
	Affiliates.
Account Title	Investments in Joint Venture
Account Number	194
Normal Balance	Debit
Description	Cost or fair value of investments in joint venture activities.
Account Title	Investments in Economic Enterprises
Account Number	195
Normal Balance	Debit
Description	Cost of investments in economic enterprises such as
	investments of local government in hospitals, schools,
	property, livelihood projects, markets, transportations, etc.
Account Title	Investments in Acquired Companies
Account Number	196
Normal Balance	Debit
Description	Cost or fair value of investments in companies acquired
	pursuant to law or other statutory authority.
Account Title	Other Investments
Account Number	199
Normal Balance	Debit
Description	Cost or fair value of other investments which cannot be
	classified under any of the specific investment accounts.
Property, Plant and Equipment
	Land and Other Improvements
Account Title	Land
Account Number	201
Normal Balance	Debit
Description	Cost or fair value of land acquired either through purchase,
	transfer, donation or reclamation which are used in
	government operations.
Account Title	Land Improvements
Account Number	202
Normal Balance	Debit
Description	Cost or fair value of land improvements
	constructed/acquired/developed which are permanent or
	capital in nature and used in government operations.
Plant, Buildings and Other Structures
Account Title	Plant
Account Number	203
Normal Balance	Debit
Description	Cost or fair value of plant constructed/acquired for use in
	government operations.
Account Title	Buildings and Other Structures
Account Number	204
Normal Balance	Debit
Description	Cost or fair value of buildings and other structures
	constructed/acquired including related improvements which
	are permanent or capital in nature for use in government
	operations.
Leasehold Improvements
Account Title	Leasehold Improvements — Land
Account Number	205
Normal Balance	Debit
Description	Cost or fair value of improvements and alterations made on
	land under lease.
Account Title	Leasehold Improvements — Plant, Buildings and Other
	Structures
Account Number	206
Normal Balance	Debit
Description	Cost or fair value of improvements made on plant, buildings
	and other structures under lease.
Equipment and Machinery
Account Title	Office Equipment
Account Number	207
Normal Balance	Debit
Description	Cost or fair value of office equipment acquired thru purchase,
	assembly, donation or transfer for use in government
	operations. It includes cell phones, computers, fax machines,
	duplicating machines, air conditioning units, refrigerators,
	etc.
Account Title	Medical, Dental and Laboratory Equipment
Account Number	208
Normal Balance	Debit
Description	Cost or fair value of medical, dental and laboratory equipment
	acquired thru purchase, assembly, donation or transfer for use
	in government operations. It includes x-ray machines, dental
	equipment, electrocardiogram machines, magnetic resonance
	imaging, ultrasound equipment, computed tomography scan
	machines, etc.
Account Title	Military, Police and Traffic Equipment
Account Number	209
Normal Balance	Debit
Description	Cost or fair value of military, police and traffic equipment
	acquired thru purchase, assembly, donation or transfer for use
	in government operations. It includes weapons, guns,
	communication equipment, etc.
Account Title	School Equipment
Account Number	211
Normal Balance	Debit
Description	Cost or fair value of school equipment acquired through
	purchase, assembly, donation or transfer for use in
	government operations. It includes experimenting equipment,
	television sets, radios, sports equipment, etc.
Account Title	Hospital Equipment
Account Number	212
Normal Balance	Debit
Description	Cost or fair value of hospital equipment acquired through
	purchase, assembly, donation or transfer for use in
	government operations. It includes beds, wheelchairs, etc.
Account Title	Agricultural and Marine Equipment
Account Number	213
Normal Balance	Debit
Description	Cost or fair value of agricultural and marine equipment
	acquired through purchase, assembly, donation or transfer for
	use in government operations. It includes threshing machines,
	plow, diving gears, etc.
Account Title	Land Transport Equipment
Account Number	214
Normal Balance	Debit
Description	Cost or fair value of transport equipment acquired through
	purchase, assembly, transfer or donation for use in
	government operations.
Account Title	Aircraft
Account Number	215
Normal Balance	Debit
Description	Cost or fair value of aircraft acquired through purchase,
	transfer or donation for use in government operations.
Account Title	Watercraft
Account Number	216
Normal Balance	Debit
Description	Cost or fair value of watercraft acquired through purchase,
	transfer or donation for use in government operations.
Account Title	Construction/Port Equipment
Account Number	217
Normal Balance	Debit
Description	Cost or fair value of construction/port equipment acquired
	through purchase, transfer or donation for use in government
	operations or for commercial and/or income generating
	purposes. It includes bulldozers, forklifts, graders, payloader,
	dump trucks, airport/seaport equipment and the like.
Account Title	Technical and Scientific Machinery and Equipment
Account Number	218
Normal Balance	Debit
Description	Cost or fair value of technical and scientific machinery and
	equipment acquired through purchase, assembly, transfer or
	donation for use in government operations or for commercial
	and/or income generating purposes.
Account Title	Other Machinery and Equipment
Account Number	225
Normal Balance	Debit
Description	Cost or fair value of other machinery and equipment acquired
	through purchase, assembly, transfer or donation for use in
	government operations which are not classified under the
	specific equipment accounts.
Furniture, Fixtures and Books
Account Title	Furniture and Fixtures
Account Number	226
Normal Balance	Debit
Description	Cost or fair value of furniture and fixtures acquired through
	purchase, fabrication, transfer or donation for use in
	government operations.
Account Title	Books
Account Number	227
Normal Balance	Debit
Description	Cost or fair value of books acquired through purchase,
	transfer or donation for use in government operations. It
	includes the different books in libraries and offices including
	those in soft copies (CD/DVD, etc.).
Public Infrastructures and Reforestations
Account Title	Public Infrastructures
Account Number	231
Normal Balance	Debit
Description	Cost or fair value of infrastructures constructed/acquired for
	public use or for commercial and/or income generating
	purposes.
Account Title	Reforestations
Account Number	232
Normal Balance	Debit
Description	Cost or fair value of completed reforestations on upland,
	marshland, swampland, etc.
Construction in Progress
Account Title	Construction in Progress — Public Infrastructures
Account Number	241
Normal Balance	Debit
Description	Cost of public infrastructures which are under construction.
Account Title	Construction in Progress — Land Improvements
Account Number	242
Normal Balance	Debit
Description	Cost of land improvements which are under construction.
Account Title	Construction in Progress — Plant
Account Number	243
Normal Balance	Debit
Description	Cost of plant which are under construction.
Account Title	Construction in Progress — Buildings and Other Structures
Account Number	244
Normal Balance	Debit
Description	Cost of buildings and other structures which are under
	construction.
Account Title	Construction in Progress — Leasehold Improvements — Land
Account Number	245
Normal Balance	Debit
Description	Cost of improvements on land leased by the agency which are
	under construction.
Account Title	Construction in Progress — Leasehold Improvements —
	Plant, Buildings and Other Structures
Account Number	246
Normal Balance	Debit
Description	Cost of improvements on plant, buildings and other structures
	leased by the agency which are under construction.
Account Title	Construction in Progress — Real Estate
Account Number	247
Normal Balance	Debit
Description	Cost incurred for the development of sites and construction of
	housing units for resettlement, slum upgrading, transfer and
	sale which are under construction.
Account Title	Reforestations in Progress
Account Number	249
Normal Balance	Debit
Description	Cost of on-going reforestation projects.
Other Assets
Account Title	Intangible Assets
Account Number	261
Normal Balance	Debit
Description	Cost of intangible assets acquired/developed for use in agency
	operations. It includes patents, copyrights and computer
	software which is not an integral part of a related hardware.
Account Title	Natural Resource Deposits
Account Number	262
Normal Balance	Debit
Description	Cost incurred in the exploitation or extraction of natural
	resources.
Account Title	Sinking Fund
Account Number	263
Normal Balance	Debit
Description	Amount set aside for the liquidation of long-term debt
	including interests due thereon, for purchase/replacement of
	PPE and other authorized specific purpose.
Account Title	Premium Reserve Fund
Account Number	264
Normal Balance	Debit
Description	Amount of premiums set aside to cover future claims.
Account Title	Restricted Fund
Account Number	265
Normal Balance	Debit
Description	Deposits in banks where withdrawal is restricted such as funds
	held in escrow, reserves for terminal benefits and other
	non-current purposes.
Account Title	Other Reserve Funds
Account Number	266
Normal Balance	Debit
Description	Funds set aside which are not classified under any of the
	specific sinking and reserve funds.
Account Title	Arts, Archeological Specimens and Other Exhibits
Account Number	267
Normal Balance	Debit
Description	Cost or fair value of arts, archeological specimen and other
	exhibits acquired such as commemorative coins,
	paintings, books and other invaluable exhibits.
Account Title	Work/Breeding/Other Animals
Account Number	268
Normal Balance	Debit
Description	Cost or fair value of work/breeding/other animals
	purchased/acquired/produced for use in government
	operations.
Account Title	Agricultural Plants and Trees
Account Number	269
Normal Balance	Debit
Description	Cost or fair value of plants and trees
	purchased/acquired/produced for use in government
	operations.
Account Title	Aquaculture
Account Number	271
Normal Balance	Debit
Description	Cost or fair value of fishery and marine resources
	purchased/produced for use in government operations.
Account Title	Other Assets
Account Number	279
Normal Balance	Debit
Description	Cost or fair value of other assets which are not classified
	under any of the specific asset accounts. The account includes
	serviceable assets not used in operation as well as
	unserviceable property, plant and equipment awaiting
	disposal.
Asset Contra Accounts
Account Title	Allowance for Doubtful Accounts
Account Number	301
Normal Balance	Credit
Description	Amount of receivables arising from business operations
	estimated to be uncollectible.
Account Title	Accumulated Depreciation — Land Improvements
Account Number	302
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of land improvements due to wear, tear and usage.
Account Title	Accumulated Depreciation — Plant
Account Number	303
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of plant due to wear, tear and usage.
Account Title	Accumulated Depreciation — Buildings and Other Structures
Account Number	304
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of buildings and other structures due to wear, tear
	and usage.
Account Title	Accumulated Depreciation — Leasehold Improvements —
	Land
Account Number	305
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of improvements on land under lease due to wear,
	tear and usage.
Account Title	Accumulated Depreciation — Leasehold Improvements —
	Plant, Buildings and Other Structures
Account Number	306
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of improvements on plant, buildings and structures
	under lease due to wear, tear and usage.
Account Title	Accumulated Depreciation — Office Equipment
Account Number	307
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of office equipment due to wear, tear and usage.
Account Title	Accumulated Depreciation — Medical, Dental and Laboratory
	Equipment
Account Number	308
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of medical, dental and laboratory equipment due to
	wear, tear and usage.
Account Title	Accumulated Depreciation — Military, Police and Traffic
	Equipment
Account Number	309
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of military, police and traffic equipment due to
	wear, tear and usage.
Account Title	Accumulated Depreciation — School Equipment
Account Number	311
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of school equipment due to wear, tear and usage.
Account Title	Accumulated Depreciation — Hospital Equipment
Account Number	312
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of hospital equipment due to wear, tear and usage.
Account Title	Accumulated Depreciation — Agricultural and Marine
	Equipment
Account Number	313
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of agricultural and marine equipment due to wear,
	tear and usage.
Account Title	Accumulated Depreciation — Land Transport Equipment
Account Number	314
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of land transportation due to wear, tear and usage.
Account Title	Accumulated Depreciation — Aircraft
Account Number	315
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of aircraft due to wear, tear and usage.
Account Title	Accumulated Depreciation — Watercraft
Account Number	316
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of watercraft due to wear, tear and usage.
Account Title	Accumulated Depreciation — Construction/Port Equipment
Account Number	317
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of construction/port Equipment due to wear, tear
	and usage.
Account Title	Accumulated Depreciation — Technical and Scientific
	Machinery and Equipment
Account Number	318
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of technical and scientific machinery and
	equipment due to wear, tear and usage.
Account Title	Accumulated Depreciation — Other Machinery and
	Equipment
Account Number	325
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of other machinery and equipment due to wear, tear
	and usage.
Account Title	Accumulated Depreciation — Furniture and Fixtures
Account Number	326
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of furniture and fixtures due to wear, tear and
	usage.
Account Title	Accumulated Amortization — Intangible Assets
Account Number	361
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the
	cost/value of intangible assets due to wear, tear, usage and
	technical innovations.
Account Title	Accumulated Depletion — Natural Resource Deposits
Account Number	362
Normal Balance	Credit
Description	Accumulation of systematic and rational allocation of the cost
	or other basic value of a wasting asset.
	LIABILITIES AND EQUITY
Payable Accounts
Account Title	Accounts Payable
Account Number	401
Normal Balance	Credit
Description	Amount due to creditors arising from regular trade and
	business transactions.
Account Title	Notes Payable
Account Number	402
Normal Balance	Credit
Description	Amount due for the issuance of promissory notes/trade
	acceptances and other negotiable instruments.
Account Title	Due to Members
Account Number	403
Normal Balance	Credit
Description	Amount due to members for maturing provident fund
	contributions including accrued dividends.
Account Title	Dividends Payable
Account Number	404
Normal Balance	Credit
Description	Amount due to investors for their share in the income of
	corporations and lending institutions.
Account Title	Insurance/Reinsurance Premium Payable
Account Number	405
Normal Balance	Credit
Description	Amount of premium due to insurance companies.
Account Title	Interest Payable
Account Number	406
Normal Balance	Credit
Description	Amount of unpaid interest on loans or other indebtedness.
Account Title	Pension and Retirement Benefits Payable
Account Number	407
Normal Balance	Credit
Description	Amount of pension and retirement benefits due to retired
	officers and employees.
Account Title	Tax Refunds Payable
Account Number	408
Normal Balance	Credit
Description	Amount due to taxpayers for excess taxes collected/withheld.
Account Title	Informers' Rewards Payable
Account Number	409
Normal Balance	Credit
Description	Amount due to informers upon collection of tax as a result of
	confidential information which led to the collection of taxes.
Inter-Agency Payables
Account Title	Due to National Treasury
Account Number	411
Normal Balance	Credit
Description	Amount due to the Bureau of the Treasury (BTr).
Account Title	Due to National Government Agencies
Account Number	412
Normal Balance	Credit
Description	Amount for remittance to NGAs, fund transfer for
	implementation of projects and advances received from NGAs
	subject to liquidation.
Account Title	Due to Government-Owned and/or Controlled Corporations
Account Number	413
Normal Balance	Credit
Description	Amount for remittance to GOCCs, fund transfer for
	implementation of projects and advances received from
	GOCCs subject to liquidation.
Account Title	Due to Local Government Units
Account Number	414
Normal Balance	Credit
Description	Amount for remittance to LGUs, fund transfer for
	implementation of projects and advances received from LGUs
	subject to liquidation.
Intra-Agency Payables
Account Title	Due to Central/Home Office
Account Number	415
Normal Balance	Credit
Description	Amount payable by Regional Offices/Bureaus/Operating
	Units of NGAs to their Central Office and/or Branch/Field
	Offices of GOCCs to the Home Office.
Account Title	Due to Parent Corporations
Account Number	416
Normal Balance	Credit
Description	Amount payable by Subsidiaries and Affiliates of GOCCs to
	Parent Corporations.
Account Title	Due to Bureaus/Offices
Account Number	417
Normal Balance	Credit
Description	Amount payable by the Central/Regional Offices/Operating
	Units of NGAs to their bureaus and offices. It also includes
	payables of a Bureau/Office to another Bureau/Office of the
	same agency.
Account Title	Due to Regional/Branch Offices
Account Number	418
Normal Balance	Credit
Description	Amount payable by Central Offices/Bureaus/Operating Units
	of NGAs to their Regional Offices and/or Home Offices of
	GOCCs to their Branch Offices. It also includes payables of a
	Regional/Branch Office to another Regional/Branch Office of
	the same agency.
Account Title	Due to Subsidiaries and Affiliates
Account Number	419
Normal Balance	Credit
Description	Amount payable by Parent Corporations to Subsidiaries and
	Affiliates.
Account Title	Due to Operating/Field Units
Account Number	421
Normal Balance	Credit
Description	Amount payable by the Central/Regional Offices/Bureaus of
	NGAs to their Operating Units or Home/Branch Offices of
	GOCCs to their Field Units. It also includes payables of an
	Operating/Field Unit to another Operating/Field Unit of the
	same agency.
Account Title	Due to Other Funds/Books
Account Number	422
Normal Balance	Credit
Description	Payable of one fund/book to other funds/books maintained by
	the same agency.
Other Payables
Account Title	Due to Officers and Employees
Account Number	423
Normal Balance	Credit
Description	Amount due to officers and employees for salaries,
	honorarium and other claims.
Account Title	Contractors' Security Deposits
Account Number	424
Normal Balance	Credit
Description	Amount received or withheld from contractors/suppliers for
	bid, performance and warranty security.
Account Title	Bail Bonds Payable
Account Number	425
Normal Balance	Credit
Description	Amount deposited for the temporary liberty of
	accused/detained person and for release of goods and
	property.
Account Title	Other Payables
Account Number	429
Normal Balance	Credit
Description	Other liabilities not falling under any of the specific payable
	accounts.
Mortgage/Bonds/Loans/Lease Payable
Account Title	Mortgage Payable
Account Number	431
Normal Balance	Credit
Description	Indebtedness covered by a contract and secured by collateral
	to guarantee faithful performance of obligation.
Account Title	Bonds Payable
Account Number	432
Normal Balance	Credit
Description	Indebtedness to creditors for bonds issued.
Account Title	Loans Payable
Account Number	433
Normal Balance	Credit
Description	Indebtedness to creditors covered by a loan agreement.
Account Title	Lease Payable
Account Number	439
Normal Balance	Credit
Description	Indebtedness covered by a lease purchase contract.
Deferred Credits
Account Title	Deferred Real Property Tax Income
Account Number	441
Normal Balance	Credit
Description	Amount of basic Real Property Tax (RPT) on land, building,
	machinery and other improvements set up with RPT
	Receivable at the start of the year.
Account Title	Deferred Special Education Tax Income
Account Number	442
Normal Balance	Credit
Description	Additional levy on real property set up for the Special
	Education Fund with Special Education Tax (SET) receivable
	at the start of the year.
Account Title	Deferred Interest Income
Account Number	443
Normal Balance	Credit
Description	Amount of interest income collected but not yet earned.
Account Title	Deferred Income from Installment Sales
Account Number	444
Normal Balance	Credit
Description	Amount of unrealized income from installment sales.
Account Title	Deferred Income from Leased Properties
Account Number	445
Normal Balance	Credit
Description	Amount of unearned income from properties under lease
	purchase agreement.
Account Title	Deferred Tax Liability
Account Number	446
Normal Balance	Credit
Description	Future tax liability arising from an income (paper gain) which
	is temporary and not taxable. It is the excess of net income
	per financial statements over the taxable income multiplied
	by the tax rate.
Account Title	Deferred Internal Revenue Income
Account Number	447
Normal Balance	Credit
Description	Amount of internal revenue income from taxpayers, through
	installments, final assessments, dishonored checks and others,
	which have become final and executory where a receivable
	account has been set up.
Account Title	Unearned Premiums
Account Number	448
Normal Balance	Credit
Description	Amount of unearned premiums.
Account Title	Deposit for Future Sales/Subscriptions
Account Number	449
Normal Balance	Credit
Description	Deposits for future capital stock sales/subscriptions in excess
	of the authorized capital stock.
Account Title	Customers' Deposits
Account Number	451
Normal Balance	Credit
Description	Deposits received for goods to be delivered, properties to be
	leased or services to be rendered.
Account Title	Output Tax
Account Number	452
Normal Balance	Credit
Description	Value added taxes on the sale of goods and property.
Account Title	Other Deferred Credits
Account Number	459
Normal Balance	Credit
Description	Collections received in advance not falling under any of the
	specific deferred credit accounts. It includes advance
	collection for RPT/SET and receivable set up due to loss of
	assets.
Liability Contra Account
Account Title	Discount on Bonds Payable
Account Number	461
Normal Balance	Debit
Description	Amount deducted as discount on bonds issued which is
	subject to amortization over the life of the bond.
Account Title	Premium on Bonds Payable
Account Number	462
Normal Balance	Credit
Description	Amount added as premium on the sale of bonds which is
	subject to amortization over the life of the bond.
Equity
Account Title	Government Equity
Account Number	471
Normal Balance	Credit
Description	It represents the difference between assets and the liabilities
	of NGAs, LGUs and non-stock GOCCs.
Account Title	Members' Equity
Account Number	472
Normal Balance	Credit
Description	Amount of contributions received from members including
	employer's counterpart and accumulated dividends.
Account Title	Capital Stock
Account Number	473
Normal Balance	Credit
Description	Fully paid shares of the authorized capital stock.
Account Title	Premium on Capital Stock
Account Number	474
Normal Balance	Credit
Description	Amount received in excess of par or stated value of capital
	stock.
Account Title	Subscribed Capital Stock
Account Number	475
Normal Balance	Credit
Description	Portion of the authorized capital stock that has been
	subscribed but not yet paid.
Account Title	Treasury stock
Account Number	476
Normal Balance	Debit
Description	Amount of shares of stock which has been issued and
	reacquired but not cancelled.
Account Title	Capital/Equity Reserve
Account Number	477
Normal Balance	Credit
Description	Amount of accumulated income set aside for a specific
	purpose.
Account Title	Revaluation Capital
Account Number	478
Normal Balance	Credit
Description	Increase in the carrying amount of property, plant and
	equipment as a result of revaluation/appraisal.
Account Title	Donated Capital
Account Number	479
Normal Balance	Credit
Description	Contributions, including stock of an agency received from
	stockholders.
Account Title	Retained Earnings
Account Number	481
Normal Balance	Credit (Debit)
Description	Represents the cumulative balance of periodic net income or
	loss, dividend distributions, prior period errors, changes in
	accounting policy and other capital adjustments.
	INCOME
Tax Revenue
	Taxes on Income
Account Title	Income Tax
Account Number	501
Normal Balance	Credit
Description	Tax on yearly income of citizens, resident aliens; non-resident
	citizens, non-resident aliens, aliens employed by regional
	offices of multinational corporations arising from property,
	profession, trades or offices; and tax on all yearly profits of
	domestic/foreign corporations arising from property,
	profession, trades or offices or as a tax on a corporation's
	income, emoluments, profits and the like.
Account Title	Import Duties
Account Number	502
Normal Balance	Credit
Description	Customs fees, dues and charges imposed on goods from other
	countries.
Account Title	Value Added Tax
Account Number	503
Normal Balance	Credit
Description	Business tax imposed and collected from the seller in the
	course of trade or business on every sale of properties (real or
	personal), lease of goods or properties (real or personal), or
	vendors of services.
Account Title	Expanded Value Added Tax
Account Number	504
Normal Balance	Credit
Description	Tax which covers a wider cross section of businesses
	particularly those catering to higher income groups.
Account Title	Final Tax
Account Number	505
Normal Balance	Credit
Description	Tax imposed on a) interest from any currency bank deposit; b)
	yield or any other monetary benefit from deposit substitutes
	and from trust funds and similar arrangements; c) royalties, as
	well as other literary works and musical compositions prizes;
	and d) other winnings or on the share of an individual in the
	distributable net income after tax of a partnership, or on the
	share of an individual in the net income after tax of an
	association, a joint account, or a joint venture or consortium
	taxable as a corporation of which he is a member or
	co-venturer.
Account Title	Excise Tax
Account Number	506
Normal Balance	Credit
Description	Tax on goods/articles imported/manufactured/produced for
	domestic sale/consumption.
Account Title	Business Tax
Account Number	507
Normal Balance	Credit
Description	Tax imposed on manufacturers/assemblers/repackers/
	processors/wholesalers/distributors/contractors/other business
	for domestic sale and on every sale, barter or exchange of
	goods.
Account Title	Documentary Stamp Tax
Account Number	508
Normal Balance	Credit
Description	Tax on documents, instruments, loan agreements and papers
	evidencing the acceptance, assignment, sale or transfer of an
	obligation, rights, or property incident thereto.
Account Title	Amusement Tax
Account Number	509
Normal Balance	Credit
Description	Tax collected from the proprietors, lessees or operators of
	theaters, circuses, cinemas, boxing exhibitions, race tracks
	and other amusement places based on gross receipts.
Account Title	Capital Gains Tax
Account Number	511
Normal Balance	Credit
Description	Final tax imposed on the gain presumed to have been realized
	by the seller from the sale, exchange, or other disposition of
	capital assets located in the Philippines, including pacto de
	retro sales and other forms of conditional sale.
Account Title	Franchise Tax
Account Number	512
Normal Balance	Credit
Description	Tax levied, assessed and collected in respect to all franchises
	on radio and/or television broadcasting companies and on
	electric, gas and water utilities and other business covered by
	law granting the franchise.
Account Title	Estate Tax
Account Number	513
Normal Balance	Credit
Description	Tax levied, assessed and collected upon transfer of the net
	estate of every decedent, whether resident or non-resident of
	the Philippines, based on the value of such net estate.
Account Title	Donors Tax
Account Number	514
Normal Balance	Credit
Description	Tax levied, assessed and collected upon the transfer of
	property by any person, resident or nonresident, by way of
	gift.
Account Title	Immigration Tax
Account Number	515
Normal Balance	Credit
Description	Tax and other charges imposed on immigrants.
Account Title	Professional Tax
Account Number	516
Normal Balance	Credit
Description	Tax on all persons engaged in the practice/exercise of their
	professions requiring government examination.
Account Title	Property Transfer Tax
Account Number	517
Normal Balance	Credit
Description	Tax on sale/donation/barter or any other mode of transfer of
	property, real or personal, tangible or intangible.
Account Title	Stock Transfer Tax
Account Number	518
Normal Balance	Credit
Description	Tax on the transfer of stock certificates from one person to
	another.
Account Title	Common Carrier Tax
Account Number	519
Normal Balance	Credit
Description	Tax imposed on taxis, passenger buses, jeepneys, vans, etc.
Account Title	Travel Tax
Account Number	521
Normal Balance	Credit
Description	Tax imposed on individuals leaving the country.
Account Title	Motor Vehicles Users Tax
Account Number	522
Normal Balance	Credit
Description	Tax imposed on all motor vehicles
Account Title	Real Property Tax
Account Number	523
Normal Balance	Credit
Description	Basic tax imposed on real property such as land, building,
	machinery and its improvements.
Account Title	Special Education Tax
Account Number	524
Normal Balance	Credit
Description	Additional tax levied on real property which accrues to the
	SEF.
Account Title	Special Levy on Idle Lands
Account Number	525
Normal Balance	Credit
Description	Tax on idle lands in addition to the basic real property tax.
Account Title	Special Levy on Lands Benefited by Public Works Projects
Account Number	526
Normal Balance	Credit
Description	Tax specially levied on land benefited by public works
	projects/improvements.
Account Title	Printing and Publication Tax
Account Number	527
Normal Balance	Credit
Description	Tax levied on the business of persons engaged in printing and
	publication of books, cards, posters, leaflets, newspapers and
	other printed materials, etc. except printing of text books or
	materials prescribed by the Department of Education
	(DepEd).
Account Title	Tax on Sand, Gravel and Other Quarry Products
Account Number	528
Normal Balance	Credit
Description	Tax on sand, gravel, stones, earth and other quarry resources
	extracted from public lands or from beds of seas, lakes, rivers,
	streams, creeks and other public waters within the LGUs
	territorial jurisdiction.
Account Title	Tax on Delivery Vans and Trucks
Account Number	529
Normal Balance	Credit
Description	Tax levied on delivery vans and trucks used by manufacturers,
	producers, wholesalers in the delivery of distilled spirit,
	softdrinks, etc.
Account Title	Community Tax
Account Number	531
Normal Balance	Credit
Description	Tax collected from resident, individuals and corporations.
Account Title	Percentage Tax
Account Number	532
Normal Balance	Credit
Description	Tax imposed on business entity whose sales or receipts are
	exempt from payment of VAT.
Account Title	Other Taxes
Account Number	538
Normal Balance	Credit
Description	Tax levied not otherwise included in the specific tax accounts.
Account Title	Fines and Penalties — Tax Revenue
Account Number	539
Normal Balance	Credit
Description	Fines and penalties charged for late payment of taxes,
	erroneous computations, under declarations and other
	violations made by taxpayers.
	Internal Revenue Allotment
Account Title	Internal Revenue Allotment
Account Number	541
Normal Balance	Credit
Description	Share of local government units from the national taxes
	collected.
	Fees, Permits and License Income
Account Title	License Fees
Account Number	551
Normal Balance	Credit
Description	Fees collected/earned from issuance of licenses.
Account Title	Registration Fees
Account Number	552
Normal Balance	Credit
Description	Fees collected/earned upon registration.
Account Title	Inspection Fees
Account Number	553
Normal Balance	Credit
Description	Fees collected/earned for the conduct of inspection on
	buildings, structures, business establishments and other
	facilities.
Account Title	Processing Fees
Account Number	554
Normal Balance	Credit
Description	Fees collected/earned for the processing of official
	documents.
Account Title	Clearance and Certification Fees
Account Number	555
Normal Balance	Credit
Description	Fees for clearances and certificates issued by government
	agencies such as barangays, Philippine National Police,
	schools, hospitals, etc.
Account Title	Permit Fees
Account Number	556
Normal Balance	Credit
Description	Fees and charges collected/earned from the issuance of
	permits such as business/building/zonal/locational/tricycle
	permit and franchising/licensing/fishery rental/privilege.
Account Title	Fees on Weights and Measures
Account Number	557
Normal Balance	Credit
Description	Fees imposed in the sealing/resealing and licensing of weights
	and measures.
Account Title	Occupation Fees
Account Number	558
Normal Balance	Credit
Description	Fees imposed on person engaged in the exercise of an
	occupation other than profession.
Account Title	Other Fees
Account Number	568
Normal Balance	Credit
Description	Other fees and charges not falling or classified under the
	specific accounts.
Account Title	Fines and Penalties — Fees, Permits and License Income
Account Number	569
Normal Balance	Credit
Description	Fines and penalties for late payment of fees, permits and
	licenses.
	Business and Service Income
Account Title	Sales Revenue
Account Number	571
Normal Balance	Credit
Description	Income from sale of goods and services in the regular course
	of business.
Account Title	Commission Income
Account Number	572
Normal Balance	Credit
Description	Share/Commission earned on sale of goods or rendition of
	services.
Account Title	Concession Income
Account Number	573
Normal Balance	Credit
Description	Income earned from concessionaires for the use of
	government property.
Account Title	Rent/Lease Income
Account Number	574
Normal Balance	Credit
Description	Income from use of government properties/facilities. It also
	includes fees on storage, warehousing and other related
	government services.
Account Title	Guarantee Income
Account Number	575
Normal Balance	Credit
Description	Income earned from guarantee extended by government
	agency to authorized borrowers.
Account Title	Generation, Transmission and Distribution Income
Account Number	576
Normal Balance	Credit
Description	Income earned from generation, transmission and distribution
	of power, fuel and water.
Account Title	Winnings
Account Number	577
Normal Balance	Credit
Description	Winnings generated from table and electronic games, dollar
	pit, intercity casino link and other games/lotteries.
Account Title	Unclaimed Prizes
Account Number	578
Normal Balance	Credit
Description	Amount of prizes and winnings forfeited by the government
	due to failure of the winners to claim within the prescribed
	period.
Account Title	Insurance/Reinsurance Premiums
Account Number	579
Normal Balance	Credit
Description	Premiums earned from non-life insurance/reinsurance
	activities. It includes assessment/insurance of depository
	liabilities of banks.
Account Title	School Fees
Account Number	581
Normal Balance	Credit
Description	Fees imposed to students of state universities, colleges and
	public schools. Its account includes tuition, registration,
	affiliation, athletic, cultural, diploma, graduation, transcript
	of records, library, training, entrance examination fee, etc.
Account Title	Seminar/Training Fees
Account Number	582
Normal Balance	Credit
Description	Fees collected/billed for attendance in seminars/trainings.
Account Title	Examination Fees
Account Number	583
Normal Balance	Credit
Description	Fees imposed for taking examination such as licensure, civil
	service, trade, comprehensive, Philippine Educational
	Placement Test, etc.
Account Title	Athletic and Cultural Fees
Account Number	584
Normal Balance	Credit
Description	Fees collected/earned for athletic and cultural activities.
Account Title	Fabrication Fees
Account Number	585
Normal Balance	Credit
Description	Fees collected/billed for fabrication of tools, furniture, etc.
Account Title	Financing Fees
Account Number	586
Normal Balance	Credit
Description	Fees and other charges collected relative to financing
	activities.
Account Title	Irrigation Fees
Account Number	587
Normal Balance	Credit
Description	Fees collected/billed in the operation of irrigation system and
	use of other irrigation facilities.
Account Title	Landing and Aeronautical Fees
Account Number	588
Normal Balance	Credit
Description	Fees collected/billed from foreign/domestic airlines for the
	use of runways and airports such as aircraft landing, parking,
	apron lighting, tacking and other fees.
Account Title	Parking/Terminal Fees
Account Number	589
Normal Balance	Credit
Description	Fees collected/earned for the use of parking areas and
	terminal facilities.
Account Title	Toll Fees
Account Number	591
Normal Balance	Credit
Description	Fees collected for the use of roads and bridges, piers,
	waterways, ferry, and other facilities.
Account Title	Transportation Fees
Account Number	592
Normal Balance	Credit
Description	Fees collected/earned for the operation of transportation
	system.
Account Title	Port Duties and Fees
Account Number	593
Normal Balance	Credit
Description	Fees imposed on vessels engaged in international trade for
	loading/discharging of cargoes, embarking/disembarking
	passengers, bunkering and anchoring at the port; fees charged
	for cargoes whether for export, import, domestic shipment or
	transshipment and security fee for the transport of containers.
Account Title	Wharfage Fees
Account Number	594
Normal Balance	Credit
Description	Fees/Charges on the use of wharfs.
Account Title	Lodging Fees
Account Number	595
Normal Balance	Credit
Description	Fees/Charges for the use of hotels, dormitories, lodging
	houses, hostels, cottages, guest houses, etc.
Account Title	Hospital Fees
Account Number	596
Normal Balance	Credit
Description	Fees/Charges for hospital services rendered other than
	medical, dental and laboratory services.
Account Title	Medical, Dental and Laboratory Fees
Account Number	597
Normal Balance	Credit
Description	Fees/Charges for medical, dental and laboratory services
	rendered.
Account Title	Market and Slaughterhouse Fees
Account Number	598
Normal Balance	Credit
Description	Fees/Charges collected for use of market stalls and facilities
	and slaughterhouses.
Account Title	Garbage Fees
Account Number	601
Normal Balance	Credit
Description	Fees collected for the collection of garbage.
Account Title	Management Supervision/Trusteeship Fees
Account Number	602
Normal Balance	Credit
Description	Fees/Charges for management/supervision/trusteeship
	services.
Account Title	Consultancy Fees
Account Number	603
Normal Balance	Credit
Description	Fees/Charges for consultancy services rendered.
Account Title	Audit Fees
Account Number	604
Normal Balance	Credit
Description	Fees/Charges for audit services rendered.
Account Title	Consular Service Fees
Account Number	605
Normal Balance	Credit
Description	Fees collected/billed for issuance of passports and visas
	including authentication and notarial fees and other consular
	services.
Account Title	Legal Fees
Account Number	606
Normal Balance	Credit
Description	Fees/Charges for the legal services rendered.
Account Title	Litigation Fees
Account Number	607
Normal Balance	Credit
Description	Fees collected/earned from claims/loans under litigation.
Account Title	Participation Fees
Account Number	608
Normal Balance	Credit
Description	Fees collected/billed for participation in local and
	international trade exhibits.
Account Title	Postal and Telemoney Order Fees
Account Number	609
Normal Balance	Credit
Description	Fees collected/billed from money order, telegraphic transfer
	and other related postal and telegraphic services.
Account Title	Income from Economic Enterprises
Account Number	611
Normal Balance	Credit
Description	Share of General Fund from income generated by LGUs from
	its economic enterprises such as hospitals, markets,
	slaughterhouses, transportation, irrigation, livelihood projects,
	etc.
Account Title	Interest Income
Account Number	612
Normal Balance	Credit
Description	Interest earned on loans receivable, investments and bank
	deposits.
Account Title	Dividend Income
Account Number	613
Normal Balance	Credit
Description	Cash dividends earned from investments in stocks.
Account Title	Membership Fees
Account Number	614
Normal Balance	Credit
Description	Fees collected/billed from members of state-owned entities.
Account Title	Other Business and Service Income
Account Number	618
Normal Balance	Credit
Description	All other income derived on account of business and service
	operations not classified under any of the specific business
	and service income accounts.
Account Title	Fines and Penalties — Business and Service Income
Account Number	619
Normal Balance	Credit
Description	Fines, penalties and other charges for non-compliance with
	business regulatory requirements and non-payment of service
	fees.
	Gains
Account Title	Gain on Foreign Exchange
Account Number	621
Normal Balance	Credit
Description	Amount of gain in the revaluation of accounts under foreign
	currency denomination to local currency at balance sheet date.
	It also includes actual gain realized in the conversion of
	foreign currency to local currency.
Account Title	Gain on Securitization
Account Number	622
Normal Balance	Credit
Description	Income recognized after full redemption of certificates or at
	the end of term of mortgage-backed securities.
Account Title	Gain on Sale of Assets
Account Number	623
Normal Balance	Credit
Description	Amount of gain on sale of government disposable assets.
Account Title	Gain on Investments
Account Number	624
Normal Balance	Credit
Description	Income realized on revaluation or disposal of investment
	property and other investments.
Account Title	Other Gains
Account Number	629
Normal Balance	Credit
Description	Amount of gains which are not classified under any of the
	specific gain accounts.
	Subsidy Income
Account Title	Subsidy from National Government
Account Number	631
Normal Balance	Credit
Description	Amount received from the National Government evidenced by
	NCA, NTA, Non-Cash Availment Authority (NCAA) and
	TRA.
Account Title	Subsidy from Central Office
Account Number	632
Normal Balance	Credit
Description	Amount of funds/assets received by Regional Office/Staff
	Bureau and Operating/Field Unit from Central Office of
	NGAs.
Account Title	Subsidy from Bureaus/Offices
Account Number	633
Normal Balance	Credit
Description	Amount of funds/assets received from the Staff
	Bureaus/Offices of NGAs.
Account Title	Subsidy from Regional Offices
Account Number	634
Normal Balance	Credit
Description	Amount of funds/assets received from the Regional Offices of
	NGAs.
Account Title	Subsidy from Operating/Field Units
Account Number	635
Normal Balance	Credit
Description	Amount of funds/assets received from Operating/Field Units
	of NGAs.
Account Title	Subsidy from Local Government Units
Account Number	636
Normal Balance	Credit
Description	Amount of fund/assets received by NGAs, GOCCs or other
	LGUs from the Province, City or Municipality.
Account Title	Subsidy from Government-Owned and/or Controlled
	Corporations
Account Number	637
Normal Balance	Credit
Description	Amount of fund/assets received from GOCCs.
Account Title	Subsidy from Other Funds
Account Number	638
Normal Balance	Credit
Description	Amount of funds/assets received by one fund from another
	fund maintained by the same government agency.
Account Title	Other Subsidy Income
Account Number	639
Normal Balance	Credit
Description	Amount of subsidy received which are not classified under
	any of the specific subsidy income accounts.
	Other Income
Account Title	Share from Income of Joint Venture Operations
Account Number	641
Normal Balance	Credit
Description	Share of government agencies from income on joint venture
	operations.
Account Title	Share from Income of Economic Zones and Zone Locators
Account Number	642
Normal Balance	Credit
Description	Share of government agency/units from the gross income
	collected from businesses and enterprises in economic,
	industrial and commercial parks or zones by locators.
Account Title	Share from Expanded Value Added Tax
Account Number	643
Normal Balance	Credit
Description	Share of LGUs from Expanded Value Added Tax (EVAT)
	collected in excess of the increase in collection for the
	immediate preceding calendar year.
Account Title	Share from National Wealth
Account Number	644
Normal Balance	Credit
Description	Share of LGUs from the utilization/development of national
	wealth within their area of jurisdiction.
Account Title	Share from Receipts of PAGCOR and PCSO
Account Number	645
Normal Balance	Credit
Description	Share of government agency from receipts of Philippine
	Gaming Corporation (PAGCOR) and the Philippine Charity
	Sweepstakes Office (PCSO) as required by law.
Account Title	Share from Tobacco Excise Tax
Account Number	646
Normal Balance	Credit
Description	Share of LGUs from tobacco excise taxes as provided under
	R.A. No. 7171.
Account Title	Share from Arrastre and Stevedoring Income
Account Number	647
Normal Balance	Credit
Description	Share of government agency from gross revenues or receipts
	of cargo handlers which may be in the form of fixed or
	variable fees imposed for arrastre and stevedoring services
	rendered by them.
Account Title	Share from Income of Other GOCCs
Account Number	648
Normal Balance	Credit
Description	Share of government agency from income of GOCCs other
	than PAGCOR and PCSO.
Account Title	Grants and Donations
Account Number	649
Normal Balance	Credit
Description	Amount of grants and donations received from foreign or
	domestic sources whether in cash or in kind.
Account Title	Other Income
Account Number	659
Normal Balance	Credit
Description	Amount of income collected which cannot be classified in the
	specific income accounts. It also includes amount collected
	for violation of laws, rules and regulations.
	Income Contra Accounts
Account Title	Cost of Sales
Account Number	661
Normal Balance	Debit
Description	Cost of goods/merchandise/property sold in the course of
	business operations. It also includes direct costs incurred in
	the rendition of services by service providers/agencies.
Account Title	Discounts
Account Number	662
Normal Balance	Debit
Description	Reduction from the invoice price due to payment within the
	discount period; discount for advance or prompt payment of
	real property tax/special education tax; discount on
	insurance/reinsurance premiums granted to clients in
	accordance with agency policy; discount given to senior
	citizens/government employees; and other discounts.
Account Title	Tax Refunds
Account Number	663
Normal Balance	Debit
Description	Refund for overpayment of taxes/duties/levies, etc.
Account Title	Premium Refunds
Account Number	664
Normal Balance	Debit
Description	Refund of insurance premiums previously collected due to
	insurance cancellations, retirement, etc.
Account Title	Sales Returns
Account Number	665
Normal Balance	Debit
Description	Reduction from the sales/receivable accounts due to return of
	goods or merchandise within the agreed period.
Account Title	Hospital Free Services
Account Number	666
Normal Balance	Debit
Description	Amount of charges to charity patients subsidized by the
	government.
Account Title	Rebates
Account Number	667
Normal Balance	Debit
Description	Reduction on the amount of amortization due to receipt of
	payment on or before due date.
EXPENSES
Personal Services
	Salaries and Wages
Account Title	Salaries and Wages — Regular
Account Number	701
Normal Balance	Debit
Description	Basic pay of regular government employees for services
	rendered.
Account Title	Salaries and Wages — Military/Police
Account Number	702
Normal Balance	Debit
Description	Basic pay of military and uniformed personnel of the
	Department of National Defense (DND) and Department of
	Interior and Local Government (DILG).
Account Title	Salaries and Wages — Faculty
Account Number	703
Normal Balance	Debit
Description	Basic pay of teachers/faculties of the Department of
	Education, schools under the LGUs and State Universities and
	Colleges.
Account Title	Salaries and Wages — Others
Account Number	706
Normal Balance	Debit
Description	Basic pay of part-time, casual and contractual government
	employees for services rendered. Payments to casual and
	contractual employees working in the project shall be charged
	to the specific project.
	Other Compensations
Account Title	Personnel Economic Relief Allowance (PERA)
Account Number	707
Normal Balance	Debit
Description	Allowance granted to officials and employees as authorized
	by law.
Account Title	Additional Compensation (ADCOM)
Account Number	708
Normal Balance	Debit
Description	Allowance granted to officials and employees as authorized
	by law.
Account Title	Representation Allowance
Account Number	710
Normal Balance	Debit
Description	Allowance granted to authorized officials and employees for
	representation expenses.
Account Title	Transportation Allowance
Account Number	711
Normal Balance	Debit
Description	Allowance granted to authorized officials and employees to
	cover transportation expenses.
Account Title	Clothing and Uniform Allowance
Account Number	712
Normal Balance	Debit
Description	Allowance granted to authorized officials and employees for
	clothing and uniform.
Account Title	Honoraria
Account Number	713
Normal Balance	Debit
Description	Amount granted for additional services rendered by
	authorized officials and employees. It also includes
	compensation granted to other non-salaried officials as
	authorized by law, like barangay officials and their staffs.
Account Title	Year-end Bonus
Account Number	714
Normal Balance	Debit
Description	Amount of 13th-month pay and cash gift granted to officials
	and employees as authorized by law.
Account Title	Other Bonuses and Allowances
Account Number	719
Normal Balance	Debit
Description	Amount granted to officials and staffs not otherwise classified
	under any of the specific bonuses and allowances accounts.
	Personnel Benefit Contributions
Account Title	Life and Retirement Insurance Contributions
Account Number	721
Normal Balance	Debit
Description	Government's share in premium contributions to the
	Government Service Insurance System (GSIS).
Account Title	Pag-IBIG Contributions
Account Number	722
Normal Balance	Debit
Description	Government's share in premium contributions to the Home
	Development Mutual Fund (HDMF).
Account Title	PHILHEALTH Contributions
Account Number	723
Normal Balance	Debit
Description	Government's share in premium contributions to health
	insurance fund with the Philippine Health Insurance
	Corporation (PHIC).
Account Title	ECC Contributions
Account Number	724
Normal Balance	Debit
Description	Government's share in premium contributions to the
	Employees Compensation Commission (ECC).
Account Title	Provident Fund Contributions
Account Number	725
Normal Balance	Debit
Description	Amount contributed by the government for the employees'
	provident or savings fund.
Account Title	Other Personnel Benefits Contributions
Account Number	729
Normal Balance	Debit
Description	Amount contributed by the government for the employees'
	benefits which are not otherwise classified under the specific
	accounts.
	Other Personnel Benefits
Account Title	Pension Benefits — Regular
Account Number	731
Normal Balance	Debit
Description	Amount of pension granted to regular officers and employees
	or their dependents.
Account Title	Pension Benefits — Military/Police
Account Number	732
Normal Balance	Debit
Description	Amount of pension granted to military and uniformed
	personnel of DND and DILG or their dependents.
Account Title	Pension Benefits — Faculty
Account Number	733
Normal Balance	Debit
Description	Amount of pension granted to faculty members or their
	dependents.
Account Title	Retirement Benefits — Regular
Account Number	734
Normal Balance	Debit
Description	Amount of retirement benefits due to regular officers and
	employees or their dependents.
Account Title	Retirement Benefits — Military/Police
Account Number	735
Normal Balance	Debit
Description	Amount of retirement benefits due to military and uniformed
	personnel of DND and DILG or their dependents.
Account Title	Retirement Benefits — Faculty
Account Number	736
Normal Balance	Debit
Description	Amount of retirement benefits due to faculty members or
	their dependents.
Account Title	Vacation and Sick Leave Benefits
Account Number	737
Normal Balance	Debit
Description	Money value of the accumulated leave credits paid by
	government officials and employees.
Account Title	Other Personnel Benefits
Account Number	749
Normal Balance	Debit
Description	Amount of benefits which are not classified under the specific
	personnel benefits accounts.
Maintenance and Other Operating Expenses
	Supplies Expenses
Account Title	Office Supplies Expenses
Account Number	751
Normal Balance	Debit
Description	Cost or value of office supplies used in government
	operations.
Account Title	Medical, Dental and Laboratory Supplies Expenses
Account Number	752
Normal Balance	Debit
Description	Cost or value of medical, dental and laboratory supplies used
	in government operations.
Account Title	Military, Police and Traffic Supplies Expenses
Account Number	753
Normal Balance	Debit
Description	Cost or value of military, police and traffic supplies used in
	government operations.
Account Title	School Supplies Expenses
Account Number	754
Normal Balance	Debit
Description	Cost or value of school supplies used in government schools
	operation.
Account Title	Hospital Supplies Expenses
Account Number	755
Normal Balance	Debit
Description	Cost or value of hospital supplies used in government
	hospitals operations.
Account Title	Agricultural and Marine Supplies Expenses
Account Number	756
Normal Balance	Debit
Description	Cost or value of agricultural and marine supplies used in
	operations.
Account Title	Fuel, Oil and Lubricants Expenses
Account Number	757
Normal Balance	Debit
Description	Cost or value of fuel, oil and lubricants used in operations.
Account Title	Chemical and Filtering Supplies Expenses
Account Number	758
Normal Balance	Debit
Description	Cost or value of chemical and filtering supplies used in
	operations.
Account Title	Maintenance Supplies Expenses
Account Number	759
Normal Balance	Debit
Description	Cost or value of maintenance supplies used in operations.
Account Title	Other Supplies Expenses
Account Number	765
Normal Balance	Debit
Description	Cost or value of other supplies used in operations.
	Travel and Educational Expenses
Account Title	Travel Expenses
Account Number	766
Normal Balance	Debit
Description	Expenses in local and foreign travel of government officials
	and employees. It includes transportation fare and travel per
	diems, hire of guides, ferriage, terminal fee and all other
	similar expenses.
Account Title	Training and Scholarship Expenses
Account Number	767
Normal Balance	Debit
Description	Expenses for participation or attendance in training,
	conventions, seminars or workshops and expenses for
	scholarships granted by government agency. It also includes
	expenses incurred in the conduct of training and tuition fees,
	stipend, allowances, board and lodging, etc. of scholars as
	authorized by law or regulation.
	Utility Expenses
Account Title	Water
Account Number	768
Normal Balance	Debit
Description	Cost of water consumed in government operations.
Account Title	Electricity
Account Number	769
Normal Balance	Debit
Description	Cost of electricity used in government operations.
Account Title	Fuel
Account Number	771
Normal Balance	Debit
Description	Cost of fuel used in government operations.
	Communication Expenses
Account Title	Postage and Deliveries
Account Number	772
Normal Balance	Debit
Description	Cost of postage and deliveries used in government operations.
Account Title	Telephone Expenses — Landline
Account Number	773
Normal Balance	Debit
Description	Cost of landline telephone charges incurred in government
	operations. It is covered by bills from the telephone
	companies.
Account Title	Telephone Expenses — Mobile
Account Number	774
Normal Balance	Debit
Description	Cost of authorized mobile telephone consumption incurred in
	government operations. It includes cell cards used and bills
	from telecommunication companies.
Account Title	Internet Expenses
Account Number	775
Normal Balance	Debit
Description	Cost of use of internet services and facilities. It is covered by
	internet cards or bills from the internet providers.
Account Title	Cable, Satellite, Telegraph and Radio Expenses
Account Number	776
Normal Balance	Debit
Description	Cost of use of cable, satellite, telegraph and radio. It is
	covered by bills from the cable providers, telegraph and radio
	companies.
	Printing and Advertising Expenses
Account Title	Printing Expenses
Account Number	777
Normal Balance	Debit
Description	Costs of printing and binding of manuscripts/documents,
	forms, manuals, brochures, pamphlets, etc.
Account Title	Advertising, Promotional and Marketing Expenses
Account Number	778
Normal Balance	Debit
Description	Cost of advertisement and expenses for the promotion and
	marketing of products and services.
	Taxes, Duties and Premiums
Account Title	Taxes, Duties and Licenses
Account Number	779
Normal Balance	Debit
Description	Amount of taxes, duties, licenses and other fees due to
	regulatory agencies.
Account Title	Insurance/Reinsurance Premiums
Account Number	781
Normal Balance	Debit
Description	Premiums for the insurance of the insurable risks of
	government properties and fidelity bonds of accountable
	officers.
	Representation Expense
Account Title	Representation Expense
Account Number	782
Normal Balance	Debit
Description	Expenses for official meetings/conferences/entertainments.
	Awards, Prizes and Other Claims
Account Title	Awards and Rewards
Account Number	783
Normal Balance	Debit
Description	Amount given in recognition of any civic or professional
	achievement and rewards given to informers and other
	authorized recipient.
Account Title	Prizes
Account Number	784
Normal Balance	Debit
Description	Amount paid to winners of lottery, casino games and other
	competitive activities/games.
Account Title	Indemnities and Other Claims
Account Number	785
Normal Balance	Debit
Description	Amount awarded by courts or administrative bodies to
	persons affected by the destruction of property, death or
	injury.
	Rent/Lease Expenses
Account Title	Rent/Lease Expenses
Account Number	786
Normal Balance	Debit
Description	Expenses for the rental/lease of land, buildings, facilities,
	equipment, vehicles, machineries, etc.
	Survey and Research Expenses
Account Title	Survey Expenses
Account Number	787
Normal Balance	Debit
Description	Cost incurred in the conduct of survey by government
	agencies
Account Title	Research, Exploration and Development Expenses
Account Number	788
Normal Balance	Debit
Description	Cost incurred in the conduct of studies to gain scientific or
	technical knowledge on future projects and development of
	non-materialized projects.
	Demolition and Dredging Expenses
Account Title	Demolition and Relocation Expenses
Account Number	789
Normal Balance	Debit
Description	Cost of demolition and relocation of structures affected by
	government projects.
Account Title	Desilting and Dredging Expenses
Account Number	791
Normal Balance	Debit
Description	Costs of desilting and dredging canals, sewerage, rivers,
	creeks, etc.
	Generation and Distribution Expenses
Account Title	Generation, Transmission and Distribution Expenses
Account Number	792
Normal Balance	Debit
Description	Cost of generation, transmission and distribution of water,
	electricity, information/communication, power and other
	related services intended for sale and/or redistribution.
	Members' Benefits
Account Title	Members' Benefits
Account Number	793
Normal Balance	Debit
Description	Amount due to members/authorized dependents
	paid/reimbursed by government agency such as
	insurance/disability/medical/death benefits, rehabilitation
	services and other statutory members' benefits.
	Confidential, Intelligence, Extraordinary and Miscellaneous Expenses
Account Title	Confidential/Intelligence Expenses
Account Number	794
Normal Balance	Debit
Description	Amount paid for services which are confidential or highly
	sensitive in nature.
Account Title	Extraordinary and Miscellaneous Expenses
Account Number	795
Normal Balance	Debit
Description	Amount paid for activities incidental to the performance of
	official functions.
	Membership Dues and Contribution Expenses
Account Title	Membership Dues and Contributions to Organizations
Account Number	796
Normal Balance	Debit
Description	Membership fees/dues/contributions to recognized/authorized
	professional and national, local, corporate or international
	organizations.
	Cultural and Athletic Expenses
Account Title	Cultural and Athletic Expenses
Account Number	797
Normal Balance	Debit
Description	Expenses incurred in cultural presentations and sports events
	of the agency. It includes cost of uniforms, costumes, sports
	gears, paraphernalia and other related expenses.
	Food and Laundry Expenses
Account Title	Food Expenses
Account Number	798
Normal Balance	Debit
Description	Expenses for food purchased for calamity victims and those
	affected by armed conflicts, as well as those for feeding
	centers, penitentiaries/correctional/sanitaria, etc.
Account Title	Laundry Expenses
Account Number	799
Normal Balance	Debit
Description	Cost incurred related to laundry expenses in dormitories,
	hospitals, hotels, etc.
	Repairs and Maintenance
Account Title	Repairs and Maintenance — Public Infrastructures
Account Number	801
Normal Balance	Debit
Description	Cost of repairs and maintenance on infrastructures
	constructed/acquired/developed for public use.
Account Title	Repairs and Maintenance — Land Improvements
Account Number	802
Normal Balance	Debit
Description	Cost of repairs and maintenance on land improvements.
Account Title	Repairs and Maintenance — Plant
Account Number	803
Normal Balance	Debit
Description	Cost of repairs and maintenance on plant.
Account Title	Repairs and Maintenance — Buildings and Other Structures
Account Number	804
Normal Balance	Debit
Description	Cost of repairs and maintenance on buildings and other
	structures.
Account Title	Repairs and Maintenance — Leasehold Improvements —
	Land
Account Number	805
Normal Balance	Debit
Description	Cost of repairs and maintenance of improvements on land
	under lease contract/agreement.
Account Title	Repairs and Maintenance — Leasehold Improvements —
	Plant, Buildings and Other Structures
Account Number	806
Normal Balance	Debit
Description	Cost of repairs and maintenance of improvements on plant,
	buildings and other structures under lease contract/agreement.
Account Title	Repairs and Maintenance — Office Equipment
Account Number	807
Normal Balance	Debit
Description	Cost of repairs and maintenance on office equipment.
Account Title	Repairs and Maintenance — Medical, Dental and Laboratory
	Equipment
Account Number	808
Normal Balance	Debit
Description	Cost of repairs and maintenance on medical, dental and
	laboratory equipment.
Account Title	Repairs and Maintenance — Military, Police and Traffic
	Equipment
Account Number	809
Normal Balance	Debit
Description	Cost of repairs and maintenance on military, police and
	traffic equipment.
Account Title	Repairs and Maintenance — School Equipment
Account Number	811
Normal Balance	Debit
Description	Cost of repairs and maintenance on school equipment.
Account Title	Repairs and Maintenance — Hospital Equipment
Account Number	812
Normal Balance	Debit
Description	Cost of repairs and maintenance on hospital equipment.
Account Title	Repairs and Maintenance — Agricultural and Marine
	Equipment
Account Number	813
Normal Balance	Debit
Description	Cost of repairs and maintenance on agricultural and marine
	equipment.
Account Title	Repairs and Maintenance — Land Transport Equipment
Account Number	814
Normal Balance	Debit
Description	Cost of repairs and maintenance on land transport equipment.
Account Title	Repairs and Maintenance — Aircraft
Account Number	815
Normal Balance	Debit
Description	Cost of repairs and maintenance on aircraft.
Account Title	Repairs and Maintenance — Watercraft
Account Number	816
Normal Balance	Debit
Description	Cost of repairs and maintenance on watercraft.
Account Title	Repairs and Maintenance — Construction/Port Equipment
Account Number	817
Normal Balance	Debit
Description	Cost of repairs and maintenance on construction/port
	equipment.
Account Title	Repairs and Maintenance — Technical and Scientific
	Machinery and Equipment
Account Number	818
Normal Balance	Debit
Description	Cost of repairs and maintenance on technical and scientific
	machinery and equipment.
Account Title	Repairs and Maintenance — Other Machinery and Equipment
Account Number	825
Normal Balance	Debit
Description	Cost of repairs and maintenance on other machinery and
	equipment not included in the specific accounts.
Account Title	Repairs and Maintenance — Furniture and Fixtures
Account Number	826
Normal Balance	Debit
Description	Cost of repairs and maintenance on furniture and fixtures.
Account Title	Restorations and Maintenance — Books
Account Number	827
Normal Balance	Debit
Description	Cost of restorations and maintenance on books in public
	offices/libraries.
Account Title	Maintenance — Reforestations
Account Number	829
Normal Balance	Debit
Description	Cost of maintenance on reforestation projects.
	Subsidies
Account Title	Subsidy to National Government Agencies
Account Number	831
Normal Balance	Debit
Description	Amount of replenishments made by the BTr to AGDBs for
	negotiated Modified Disbursement System (MDS) checks.
Account Title	Subsidy to Central Office
Account Number	832
Normal Balance	Debit
Description	Amount of funds/assets transferred to Central Office of NGAs
	and Consular Post.
Account Title	Subsidy to Bureaus/Offices
Account Number	833
Normal Balance	Debit
Description	Amount of funds/assets transferred to Bureaus/Offices of
	NGAs.
Account Title	Subsidy to Regional Offices
Account Number	834
Normal Balance	Debit
Description	Amount of funds/assets transferred to the Regional Offices of
	NGAs.
Account Title	Subsidy to Operating/Field Units
Account Number	835
Normal Balance	Debit
Description	Amount of funds/assets transferred to the Operating/Field
	Units of NGAs.
Account Title	Subsidy to Local Government Units
Account Number	836
Normal Balance	Debit
Description	Amount of funds/assets transferred to LGUs.
Account Title	Subsidy to Government Owned and/or Controlled
	Corporations
Account Number	837
Normal Balance	Debit
Description	Amount of funds/assets transferred to GOCCs.
Account Title	Subsidy to Other Funds
Account Number	838
Normal Balance	Debit
Description	Amount of assets transferred to one fund from another fund of
	the same agency.
Account Title	Other Subsidies
Account Number	839
Normal Balance	Debit
Description	Amount of funds/assets transferred other than those classified
	under the specific subsidy accounts. It includes subsidies to
	NGOs/POs.
	Donations
Account Title	Donations
Account Number	841
Normal Balance	Debit
Description	Amount of donations given in cash or in kind.
	Professional Services
Account Title	Legal Services
Account Number	842
Normal Balance	Debit
Description	Cost of authorized legal services rendered to the agency.
Account Title	Auditing Services
Account Number	843
Normal Balance	Debit
Description	Cost of auditing services rendered by the Commission on
	Audit (COA) to the agency.
Account Title	Consultancy Services
Account Number	844
Normal Balance	Debit
Description	Cost of consultancy services rendered to the agency.
Account Title	General/Janitorial Services
Account Number	845
Normal Balance	Debit
Description	Cost of general/janitorial services rendered to the agency.
Account Title	Security Services
Account Number	846
Normal Balance	Debit
Description	Cost of security services rendered to the agency.
Account Title	Broker's Services
Account Number	847
Normal Balance	Debit
Description	Cost of broker's services rendered to the agency.
Account Title	Computer Data Processing Services
Account Number	848
Normal Balance	Debit
Description	Cost of computer data processing including microfilming
	services rendered to the agency.
Account Title	Other Professional Services
Account Number	849
Normal Balance	Debit
Description	Cost of professional services rendered to the agency not
	otherwise included in the above cited specific professional
	services.
	Doubtful Accounts, Depreciations, Amortizations and Depletions
Account Title	Doubtful Accounts Expenses
Account Number	901
Normal Balance	Debit
Description	Amount of receivables estimated to be uncollectible/worthless
	within the year.
Account Title	Depreciation — Land Improvements
Account Number	902
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of land
	improvements used in operations.
Account Title	Depreciation — Plant
Account Number	903
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of plant used
	in operations.
Account Title	Depreciation — Buildings and Other Structures
Account Number	904
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of buildings
	and other structures used in operations.
Account Title	Depreciation — Leasehold Improvements — Land
Account Number	905
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of
	improvements on land under lease and used in operations.
Account Title	Depreciation — Leasehold Improvements — Plant, Buildings
	and Other Structures
Account Number	906
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of
	improvements on plant, buildings and other structures under
	lease and used in operations.
Account Title	Depreciation — Office Equipment
Account Number	907
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of office
	equipment used in operations.
Account Title	Depreciation — Medical, Dental and Laboratory Equipment
Account Number	908
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of medical,
	dental and laboratory equipment used in operations.
Account Title	Depreciation — Military, Police and Traffic Equipment
Account Number	909
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of military,
	police and traffic equipment used in operations.
Account Title	Depreciation — School Equipment
Account Number	911
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of school
	equipment used in operations.
Account Title	Depreciation — Hospital Equipment
Account Number	912
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of hospital
	equipment used in operations.
Account Title	Depreciation — Agricultural and Marine Equipment
Account Number	913
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of agricultural
	and marine equipment used in operations.
Account Title	Depreciation — Land Transport Equipment
Account Number	914
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of land
	transport equipment used in operations.
Account Title	Depreciation — Aircraft
Account Number	915
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of aircraft
	used in operations.
Account Title	Depreciation — Watercraft
Account Number	916
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of watercraft
	used in operations.
Account Title	Depreciation — Construction/Port Equipment
Account Number	917
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of
	construction/port equipment used in operations.
Account Title	Depreciation — Technical and Scientific Machinery and
	Equipment
Account Number	918
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of technical
	and scientific machinery and equipment used in operations.
Account Title	Depreciation — Other Machinery and Equipment
Account Number	925
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of other
	machinery and equipment used in operations
Account Title	Depreciation — Furniture and Fixtures
Account Number	926
Normal Balance	Debit
Description	Periodic allocation of cost for the wear and tear of furniture
	and fixtures used in operations.
Account Title	Amortization — Intangible Assets
Account Number	931
Normal Balance	Debit
Description	Periodic allocation of cost of intangible assets.
Account Title	Depletion — Natural Resource Deposits
Account Number	932
Normal Balance	Debit
Description	Periodic allocation of the cost or other basic value of a
	wasting asset.
	Losses
Account Title	Loss on Foreign Exchange
Account Number	981
Normal Balance	Debit
Description	Loss incurred in the revaluation of foreign denominated assets
	and liabilities to local currency as at balance sheet date. It
	includes the actual loss incurred due to conversion of foreign
	currency to local currency.
Account Title	Loss on Securitization
Account Number	982
Normal Balance	Debit
Description	Loss incurred upon redemption or maturity of certificates.
Account Title	Loss on Sale of Assets
Account Number	983
Normal Balance	Debit
Description	Excess of the net book value over the selling price of the
	asset.
Account Title	Loss on Investment
Account Number	984
Normal Balance	Debit
Description	Loss incurred on sale of investment.
Account Title	Loss of Assets
Account Number	985
Normal Balance	Debit
Description	Loss of assets due to accidents, theft, robbery, negligence,
	man-made conflict, fire, typhoon and other calamities. It also
	includes losses uncovered during the physical count of PPE.
Account Title	Impairment Loss
Account Number	986
Normal Balance	Debit
Description	Loss due to decline in the market value of an asset over its
	carrying amount.
Account Title	Other Losses
Account Number	987
Normal Balance	Debit
Description	Losses incurred not classified under the specific loss
	accounts.
	Tax Refunds
Account Title	Tax Refunds
Account Number	988
Normal Balance	Debit
Description	Refund for overpayment of taxes/duties/levies, etc.
	Other Maintenance and Operating Expenses
Account Title	Other Maintenance and Operating Expenses
Account Number	989
Normal Balance	Debit
Description	Expenses which are not classified in any of the specific
	maintenance and other operating expense accounts.
Financial Expenses
Account Title	Bank Charges
Account Number	991
Normal Balance	Debit
Description	Charges by the bank for various services rendered.
Account Title	Commitment Fees
Account Number	992
Normal Balance	Debit
Description	Charges by creditors for unwithdrawn amount of loans.
Account Title	Guarantee Fees
Account Number	993
Normal Balance	Debit
Description	Amount paid by the debtor government agency to cover
	guarantee clause.
Account Title	Loss on Guaranty
Account Number	994
Normal Balance	Debit
Description	Loss incurred for loans/indebtedness guaranteed by the
	government as authorized by law or competent authority.
Account Title	Documentary Stamp Expenses
Account Number	995
Normal Balance	Debit
Description	Cost of documentary stamp used in government transactions.
Account Title	Interest Expenses
Account Number	996
Normal Balance	Debit
Description	Charges for the use of borrowed money.
Account Title	Other Financial Charges
Account Number	997
Normal Balance	Debit
Description	Charges which are not classified under the specific financial
	expense accounts.
INTERMEDIATE ACCOUNTS
Account Title	Provision for Income Tax
Account Number	998
Normal Balance	Zero
Description	Account used to record payment/accrual of income tax
	expense.
Account Title	Income and Expense Summary
Account Number	999
Normal Balance	Zero
Description	Account used to close all the nominal accounts.