Scribd Logo
Upload

Welcome to Scribd!

  • 137 views

    The Government Accounting Process

    Uploaded by

    Wawex Davis
    This document discusses the government accounting process and outlines the basic transactions, books of accounts, and registries used. It explains that journals, ledgers, and registries are used to record transactions. The journals include general, cash receipts, cash disbursements, and check disbursements journals. The ledgers include general and subsidiary ledgers. The registries track revenue, appropriations, allotments, obligations, disbursements, and budgets. Object of expenditures are also defined, including personnel services, maintenance and operating expenses, financial expenses, and capital outlays.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    The Government Accounting Process

    Uploaded by

    Wawex Davis
    137 views4 pages
    This document discusses the government accounting process and outlines the basic transactions, books of accounts, and registries used. It explains that journals, ledgers, and registries are used to record transactions. The journals include general, cash receipts, cash disbursements, and check disbursements journals. The ledgers include general and subsidiary ledgers. The registries track revenue, appropriations, allotments, obligations, disbursements, and budgets. Object of expenditures are also defined, including personnel services, maintenance and operating expenses, financial expenses, and capital outlays.

    Original Description:

    The Government Accounting Process

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document discusses the government accounting process and outlines the basic transactions, books of accounts, and registries used. It explains that journals, ledgers, and registries are used to record transactions. The journals include general, cash receipts, cash disbursements, and check disbursements journals. The ledgers include general and subsidiary ledgers. The registries track revenue, appropriations, allotments, obligations, disbursements, and budgets. Object of expenditures are also defined, including personnel services, maintenance and operating expenses, financial expenses, and capital outlays.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    137 views4 pages

    The Government Accounting Process

    Uploaded by

    Wawex Davis
    This document discusses the government accounting process and outlines the basic transactions, books of accounts, and registries used. It explains that journals, ledgers, and registries are used to record transactions. The journals include general, cash receipts, cash disbursements, and check disbursements journals. The ledgers include general and subsidiary ledgers. The registries track revenue, appropriations, allotments, obligations, disbursements, and budgets. Object of expenditures are also defined, including personnel services, maintenance and operating expenses, financial expenses, and capital outlays.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 4

    Government Accounting

    &
    Accounting for non-profit
    by: ZEUS organizations
    VERNON B. MILLAN
    Chapter 3
    The Government Accounting Process
     
    Learning Objectives
    1.Record the basic transactions of a
    government entity.
    2.Prepare a worksheet.

    GOVT ACCTG & ACCTG FOR NPOs by: Z.B.Millan


    Books of Accounts and Registries
    1. Journals
    a. General Journal  

    b. Cash Receipts Journal


    c. Cash Disbursements Journal
    d. Check Disbursements Journal

    2. Ledgers
    a. General Ledgers
    b. Subsidiary Ledgers

    3. Registries
    a. Registries of Revenue and Other Receipts (RROR)
    b. Registry of Appropriations and Allotments (RAPAL)
    c. Registries of Allotments, Obligations and Disbursements
    (RAOD)
    d. Registries of Budget, Utilization and Disbursements (RBUD)

    GOVT ACCTG & ACCTG FOR NPOs by: Z.B.Millan


    Object of Expenditures

    1. Personnel Services (PS) – pertain to all types


     
    of employee benefits. 
    2. Maintenance and Other Operating Expenses
    (MOOE) – pertain to various operating
    expenses other than employee benefits and
    financial expenses.
    3. Financial Expenses (FE) – pertain to finance
    costs.
    4. Capital Outlays (CO) – pertain to capitalizable
    expenditures.
     
    GOVT ACCTG & ACCTG FOR NPOs by: Z.B.Millan

    You might also like