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Annex A

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44 views

Annex A

sadas

Uploaded by

Jerwin Tiamson
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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REPUBLIC OF THE PHILIPPINES

COMMISSION ON AUDIT
Commonwealth Avenue, Quezon City, Philippines

CIRCULAR No. : 2003-001


Date : June 17, 2003

TO : Heads of Departments, Agencies, Bureaus and Offices of the National


Government and Local Government Units; Heads of Financial
Management Services, Local Treasurers, Accountants/Heads of
Accounting Units and Budget Officers; COA Assistant Commissioners;
COA Directors; Heads of Auditing Units; and All Others Concerned.

SUBJECT : REVISED CHART OF ACCOUNTS UNDER THE NEW


GOVERNMENT ACCOUNTING SYSTEM

1.0 PURPOSE

In consonance with the authority granted to the undersigned under COA


Circular Nos. 2002-002 and 2002-003 dated June 18 and 20, 2002,
respectively, this Circular is hereby issued to revise the Chart of Accounts as
part of the continuing effort of this Commission to simplify government
accounting and implement the Computerized New Government Accounting
System (NGAS).

2.0 THE REVISED NGAS CHART OF ACCOUNTS

The Revised NGAS Chart of Accounts, attached as Annex A of this


Circular, consists of accounts grouped as follows:

Accounts Account Code

Assets 100-299
Asset Contra-Accounts 300-399
Liabilities 400-499
Equity 500-549

Income 550-699
Tax Revenue -
National Taxes 550-579
Local Taxes 580-599
General Income -
Permits and Licenses 600-609
Service Income 610-629
Business Income 630-649
Subsidy Income 650-659
Other Income 660-679

Gain or Loss Accounts 680-699


Expenses 700-999
Personal Services 700-749
Maintenance and Other 750-969
Operating Expenses
Financial Expenses 970-999

3.0 SAVING CLAUSE

Cases not covered in this Circular shall be referred to the Government


Accounting and FMIS (GAFMIS), this Commission, for resolution.

4.0 REPEALING CLAUSE

The provisions of COA Circular Nos. 2002-002 and 2002-003 dated June
18 and 20, 2002, respectively, are hereby modified/revised accordingly.

5.0 EFFECTIVITY

This circular shall take effect January 1, 2003.

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