12/9/2017
For compliance:
For Abstract, CRB
Less
9. OCV Number
Trial Balance for Every Accounting Period
Debit
6. Deferred Sale Revenue 2450
1. When a contract is made, and down payment is made the GL entry is:
Cash xxx
Installment Contract Receivable xxx
Funds Payable xxx
Deferred Revenue xxx
A SOA has to be made/generated for each customer to control monitor his/her payment, and to guide the sellers in the collection
Cash xxx
Installment Contract Receivable xxx
Funds Payable xxx
Deferred Revenue xxx
A SOA has to be made/generated for each customer to control monitor his/her payment, and to guide the sellers in the collection
Fields of the abstract:
1. Account Number
2. Date
3. Account Name
4. Lot Information
5. OR
.
6. Cash 1000
(As per OR)
7. Installment Contract Receivable 1210
8. Funds Payable.
8. 1. ME 2501
8. 2. Insurance 2502
8. 3. Collection Fee 2503
8. 4. VAT 2505
8 5. Memorial Care Fund 2504
Less
9. OCV Number
10 Outright Commission 5070
11. Transportation (Collection Allowance) 5080
NCR Net Cash Received /Net Amount for Sharing
Other Revenue Accounts
12 . Revenues Interment 3220
13 . Revenues Bone Transfer 3250
14. Revenues Transfer and Exhumation 3275
Miscellaneous Collections/Receipts
14. Loan Collection for Majorem Lending 2510
15 PIS PMS payable to Majorem Lending 2511
16. Processing Fee for BPI 2509
11. Transportation (Collection Allowance) 5080
NCR Net Cash Received /Net Amount for Sharing
Other Revenue Accounts
12 . Revenues Interment 3220
13 . Revenues Bone Transfer 3250
14. Revenues Transfer and Exhumation 3275
Miscellaneous Collections/Receipts
14. Loan Collection for Majorem Lending 2510
15 PIS PMS payable to Majorem Lending 2511
16. Processing Fee for BPI 2509
Trial Balance for Every Accounting Period
Debit
. Cash 1000
Outright Com 5070
Cash 1000
Transportation Allowance 5080
Cash 1000
Net Cash Received
Outright Com 5070
Cash 1000
Transportation Allowance 5080
Cash 1000
Net Cash Received
Funds Payable.
1. ME 2501
2. Insurance 2502
3. Collection Fee 2503
4. VAT 2505
5. Memorial Care Fund 2504
6. Deferred Sale Revenue 2450
Other Revenue Accounts
7. Revenues Interment 3220
8. Revenues Bone Transfer 3250
9 Revenues Transfer and Exhumation 3275
Other Funds Payable Accounts
10. Loan Collection for Majorem Lending 2510
11 PIS PMS payable to Majorem Lending 2511
12 Transfer fee for BPI 2509
7. Revenues Interment 3220
8. Revenues Bone Transfer 3250
9 Revenues Transfer and Exhumation 3275
Other Funds Payable Accounts
10. Loan Collection for Majorem Lending 2510
11 PIS PMS payable to Majorem Lending 2511
12 Transfer fee for BPI 2509
2. For the Cash Disbursement book
1. Date
2. Account Number
3. Supplier Name
4. Address
5. CV number
6. Amount paid
7. PO/contract Number
8. Date
9. DR number and date
Accounting entries
Asset Accounts:
10 Savings Deposit (Transfer of Funds) 1011
11. Petty Cash Fund 1060
12. Revolving Fund 1061
13 Advances to Employees 12001
Advances to Officers 12002
Advances to Affiliates
13 Advances to Employees 12001
Advances to Officers 12002
Advances to Affiliates
14 Property Land and Equipment 1700 to 1880
Liability
15 Notes Payable 2013
16 Accounts Payable 2100
17 Salaries Payable 2110
18 Employees Taxes Payable 2111
19, Taxes payable 2250
20 Unexpended Development Cost 2400
(Plot COGS)
Input tax 24001
Input tax 24001
21 Funds Payable 2500
22 Loans Payable 2510
23 COGS Interment 4201
Input tax 42011
Input tax 42011
24 COGS Bone Transfer 4250
Input tax 42501
Input tax 42501
25 COGS Exhumation and pull out 4275
26 Marketing Expense 5010 to 5150
Input tax
Purchases and Inventory
29. Materials 1410
Input tax 14101
30 Supplies 1420
Input tax 14201
31 FFE 1700
Input tax 17001
Input tax
27 Park Operations 5200 to 5299
Input tax
Input tax
28 Gen Admin 5900 to 5999
Input tax
Input tax
Purchases and Inventory
29. Materials 1410
Input tax 14101
30 Supplies 1420
Input tax 14201
31 FFE 1700
Input tax 17001
The trial balance entry consist of:
Dr
Dr
Cash in Bank 1010
Petty Cash Fund 1060
. Revolving Fund 1061
Property Land and Equipment 1700 to 1880
Notes Payable 2013
Accounts Payable 2100
Salaries Payable 2110
Employees Taxes Payable 2111
Taxes payable 2250
Unexpended Development Cost 2400
Funds Payable 2500
Loans Payable 2510
COGS Plots 4101
COGS Interment 4201
COGS Bone Transfer 4250
COGS Exhumation and pull out 4275
Marketing Expense 5010 to 5150
Park Operations 5200 to 5299
Gen Admin 5900 to 5999
Purchases and Inventory
Materials 1410
Supplies 1420
FFE 1700
VAT Input Tax
Cash in Bank 1010
THIS CALLS FOR A METICULOUS AND DETAILED POSTING
Purchases and Inventory
Materials 1410
Supplies 1420
FFE 1700
VAT Input Tax
Cash in Bank 1010
THIS CALLS FOR A METICULOUS AND DETAILED POSTING
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