GAM - NPO Quiz (Finals)

Agency Books (except BIR, BOC, BTr)

Trial Balance - Beginning Balances Debit Credit

Cash - Collecting Officer 19,875.00
Accounts Receivable 49,687.50
Office Equipment 159,000.00
Buildings 993,750.00
Due to BIR 8,446.88
Due to GSIS 2,534.06
Due to Pag-ibig 1,689.38
Due to PhilHealh 85.46
Accounts Payable 39,750.00
Accumulated Surplus (Deficit) 1,169,806.73
1,222,312.50 1,222,312.50

A. REVENUE

1. Billing of revenue/income for the following:

Rent/Lease Income 59,625.00
Waterworks System Fees 99,375.00
Power Supply System Fees 198,750.00
Seaport System Fees 89,437.50
Landing and Parking Fees 149,062.50
Total 596,250.00

2. Collection and remittance to BTr

a. Prior year's billed revenue:
1. Collection of Permit Fees, 19,875
2. Remittance

b. Current year's billed revenue:

1. Collections
Rent/Lease Income 49,687.50
Waterworks System Fees 59,625.00
Power Supply System Fees 149,062.50
Seaport System Fees 79,500.00
Landing and Parking Fees 19,875.00
Total 357,750.00

2. Remittance 321,975.00

c. Unbilled Tax Revenue

1. Collection thru Agency Collecting Officer
Travel Tax 39,750.00
Immigration Tax 496,875.00
Total 536,625.00

2. Remittance 536,625.00

3. Direct Deposit thru Authorized Agent Banks

Travel Tax 149,062.50
Immigration Tax 397,500.00
Total 546,562.50
 d. Unbilled Service Income
1. Collection
Permit Fees 397,500.00
Registration Fees 149,062.50
Registration Plates, Tags and Sticker Fees 248,437.50
Clearance and Certification Fees 59,625.00
Franchising Fees 198,750.00
Licensing Fees 99,375.00
Supervision and Regulation Enforcement Fees 119,250.00
Spectrum Usage Fees 39,750.00
Legal Fees 49,687.50
Inspection Fees 9,937.50
Verification and Authentication Fees 39,750.00
Passport and Visa Fees 19,875.00
Processing Fees 49,687.50
Fines and Penalties Service Income 5,962.50
Other Service Income 3,975.00
Total 1,490,625.00

2. Remittance 1,192,500.00

e. Unbilled Business Income

1. Collection
Affiliation Fees 795.00
Examination Fees 993.75
Seminar/Training Fees 1,987.50
Guarantee Income 795.00
Fines and Penalties- Business Income 397.50
Other Business Income 993.75
Total 5,962.50

2. Remittance 5,962.50

B. APPROPRIATIONS, ALLOTMENT AND OBLIGATIONS

3. Receipt of GAA
PS 795,000.00
MOOE 662,500.00
CO 1,192,500.00
Total 2,650,000.00

4. Receipt of allotment from DBM

PS 768,500.00
MOOE 622,750.00
CO 1,126,250.00
Total 2,517,500.00

5. Incurrence of Obligation
PS 662,500.00
MOOE 132,500.00
CO 1,126,250.00
Total 1,921,250.00

6. Receipt of Notice of Cash Allocation from DBM (net of tax)

a. for current year's appropriation 2,385,000.00
b. For prior year's AP (not yet due and demandable 52,903.28
7. Delivery of office equipment and office supplies
(assumption, beginning of the year balance)
a. Prior Year's obligation
1. Receipt of delivery of office supplies 397.50

b. Current year's purchases and delivery

1. Receipt of delivery of office supplies
Office equipment 1,307,775.00
Office supplies inventory 27,427.50
Total 1,335,202.50

8. Payment of personnel benefits

a. Set up the amount Due to Officers and Employees upon approval of payroll
Salaries and wages 1,013,625.00
PERA 109,312.50
Gross Compensation 1,122,937.50

Withholding tax 101,362.50

GSIS 30,408.75
PAG-IBIG 20,272.50
PhilHealth 1,013.63
Total Deductions 153,057.38
Net payroll 969,880.13

b. Grant of cash advance for payroll 969,880.13

9. Liquidation of payroll funds

Liquidation of payroll funds 969,880.13

10. Payment of MOOE and Accounts Payable

a. Payment of Expense
Traveling Expenses -Local 8,776.80
Training Expenses 21,942.00
Water Expenses 3,291.30
Electricity Expenses 16,456.50
Telephone Expenses 3,291.30
Janitorial Services 2,194.20
Security Services 5,485.50
Rent/Lease Expenses 43,884.00
Total 105,321.60
Less: Withholding tax 4,289.03
Net 101,032.58

b. Payment of accounts payable

1. Current year's accounts payable for the purchase of:
Office equipment 1,046,220.00
Office supplies inventory 21,942.00
Total 1,068,162.00
Less: Withholding tax 57,222.11
Net 1,010,939.89

2. Prior year's accounts payable

MOOE
Total 39,750.00
Less: Withholding tax 2,484.38
Net 37,265.63

3. Prior year's obligation

MOOE
Total 397.50
Less: Withholding tax 21.86
Net 375.64
 c. Grant of cash advance for travelling expense 3,975.00

d. Liquidation of cash advance for travelling expense - Foreign 3,776.25

e. Receipt (thru cash collecting officer) and deposit (to Cash- 198.75
treasury) of refund of excess cash advance for travelling

11. Remittance of taxes thru TRA

a. Constructive receipt of NCA for TRA consisting of:
PS 109,809.38
MOOE 7,969.88
CO 56,047.50
Total 173,826.75

b. Remittance of taxes thru TRA

Income Tax 120,611.44
Business Tax 53,215.31
Total 173,826.75

12. Remittance of the following deductions from payroll

GSIS 30,408.75
PAG-IBIG 20,272.50
PhilHealth 1,013.63
Total 51,694.88

13. Adjustments
a. Issuance of supplies and materials to end users 24,684.75

b. Adjustment for unused NCA

NCA Received xxx
Payments xxx
Net xxx

c. Depreciation of Office Equipment (annual) 278,687.25

d. Depreciation of building (annual) 37,762.50

e. Allowance for impairment of accounts receivables 238.50