Transactions

Date Particulars
Received P5,100 from Mr. Eybicidi as payment for Membership Fee of P100 and
9-Sep capital share of P5,000. OR 001
Received P10,100 from Mr. Estiyubi as payment for Membership Fee and Capital
11-Sep Share OR 002
Received P20,100 from Mrs. Kyuares as payment for Membership Fee and Capital
15-Sep Share OR 003
17-Sep Paid Mr. Bill DingOwner P15,000 (P5,000 as rent for the month of September,
10,000 for two months deposit.)
18-Sep Purchased table and chairs P3000, office supplies P750.00 at Ensisisi Mall.
20-Sep Mr. Estiyubi availed the maximum loan amount
Coop loan policy:
>maximum loan up to 100% of the Capital Share
>interest rate: 4% per month, add-on
>term : 1 month
>mode of payt: weekly
deductions:
service charge, 3% of loan
capital share, P500
21-Sep Mr. Eybicidi put an additional capital of P2,000 OR 004
27-Sep First loan installment payment OR 005
30-Sep Mrs. Kyuares withdraw her capital share, P500

1 Prepare cash vouchers, identify supporting documents needed.

2 File all source documents
3 Create Chart of Accounts
4 Identify Books of Accounts to be used
5 Recording of transactions to books of accounts (cr,cd, je)
6 Posting to GL
7 Identify what account/s must have an SL
8 Prepare Trial Balance
9 Prepare Financial Statement
 ABC Credit Cooperative ABC Credit Cooperative
Address Address
CDA Reg No. 9520-100000123 CDA Reg No. 9520-100000123
TIN 123-456-789 TIN 123-456-789

OFFICIAL RECEIPT OFFICIAL RECEIPT

September 9, 2016 September 11, 2016

Received from MR. EYBICIDI Received from MS. ESTIYUBI

the sum of Five Thousand One Hundred Pesos (P5,100.00) the sum of Ten Thousand One Hundred Pesos (P10,100.00)
as payment for: as payment for:
Loans Receivable Loans Receivable
Interest Income Interest Income
Capital Share 5,000.00 Capital Share 10,000.00
Memberhsip Fee 100.00 Memberhsip Fee 100.00
Savings Deposit Savings Deposit
Others: ________________ Others:
TOTAL 5,100.00 TOTAL 10,100.00

Received by: Trish Syurer OR no. 001 Received by: Trish Syurer OR no. 002
Treasurer Treasurer

ABC Credit Cooperative ABC Credit Cooperative

Address Address
CDA Reg No. 9520-100000123 CDA Reg No. 9520-100000123
TIN 123-456-789 TIN 123-456-789

OFFICIAL RECEIPT OFFICIAL RECEIPT

September 15, 2016 September 21, 2016

Received from MRS. KYUARES Received from MR. EYBICIDI

the sum of Twenty Thousand One Hundred Pesos (P20,100.00) the sum of Two Thousand Pesos (P2,000.00)
as payment for: as payment for:
Loans Receivable Loans Receivable
Interest Income Interest Income
Capital Share 20,000.00 Capital Share 2,000.00
Memberhsip Fee 100.00 Memberhsip Fee
Savings Deposit Savings Deposit
Others: ________________ Others:
TOTAL 20,100.00 TOTAL 2,000.00

Received by: Trish Syurer OR no. 003 Received by: Trish Syurer OR no. 004
Treasurer Treasurer

ABC Credit Cooperative ABC Credit Cooperative

Address Address
CDA Reg No. 9520-100000123 CDA Reg No. 9520-100000123
TIN 123-456-789 TIN 123-456-789

OFFICIAL RECEIPT OFFICIAL RECEIPT

September 27, 2016 (Date)

Received from MS. ESTIYUBI Received from

the sum of Two Thousand Six Hundred Pesos (P2,600.00) the sum of (P )
as payment for: as payment for:
Loans Receivable 2500 Loans Receivable
Interest Income 100 Interest Income
Capital Share Capital Share
Memberhsip Fee Memberhsip Fee
Savings Deposit Savings Deposit
Others: ________________ Others:
TOTAL 2,600.00 TOTAL -

Received by: Ekswayzi OR no. 005 Received by: Ekswayzi OR no. 006
Treasurer Treasurer
 ABC Credit Cooperative
Address
CDA Reg No. 9520-100000123
TIN 123-456-789
CASH DISBURSEMENT VOUCHER C
Paid to mr. Bill Dingowner Date: 17-Sep-16 Paid to
the total amount of_Fifteen Thousand Pesos____(P_15,000.00__) the total amount of_Thr
as payment of the following: as payment of the follow
PARTICULAR DEBIT CREDIT PARTIC
Rent Expense 5,000.00 FFE
Prepaid Rent 10,000.00 Office Supplies
Cash 15,000.00
Payment for rent-Sept & 2 months dep
*OR purchased tables, chairs
TOTAL 15,000.00 15,000.00 TOT
Prepared by : Mr. Bo Keeper Approved by: Mr. Manny Dyer Prepared by : Mr. Bo Kee
Paid by: Ms. Trish Syurer Received by: Paid by: Ms. Trish Syurer
CV No. 2016-001

ABC Credit Cooperative

Address
CDA Reg No. 9520-100000123
TIN 123-456-789
CASH DISBURSEMENT VOUCHER C
Paid to Mr. Estiyubi Date: 20-Sep-16 Paid to
the total amount of__________________________(P___________) the total amount of_Fiv
as payment of the following: as payment of the follow
PARTICULAR DEBIT CREDIT PARTIC
Loans Receivable 10,000.00
Service Charge 300.00 Treasury Shares
Capital Share 500.00
Cash on Hand 9,200.00

TOTAL 10,000.00 10,000.00 TOT

Prepared by : Mr. Bo Keeper Approved by: Mr. Manny Dyer Prepared by : Mr. Bo Kee
Paid by: Ms. Trish Syurer Received by: Paid by: Ms. Trish Syurer
CV No. 2016-003
 ABC Credit Cooperative
Address
CDA Reg No. 9520-100000123
TIN 123-456-789
CASH DISBURSEMENT VOUCHER
Ensisisi Date: 18-Sep-16
amount of_Three Thousand Seven Hundred Fifty Pesos_(P_3,750.00_)
ent of the following:
PARTICULAR DEBIT CREDIT
3,000.00
upplies 750.00
Cash 3,750.00

ed tables, chairs and office supplies

TOTAL 3,750.00 3,750.00
by : Mr. Bo Keeper Approved by: Mr. Manny Dyer
Ms. Trish Syurer Received by:
CV No. 2016-002

ABC Credit Cooperative

Address
CDA Reg No. 9520-100000123
TIN 123-456-789
CASH DISBURSEMENT VOUCHER
Mrs. Kyu ares Date: 30-Sep-16
amount of_Five Hundred Pesos_______(P__500.00_)
ent of the following:
PARTICULAR DEBIT CREDIT

y Shares 500.00
Cash 500.00

TOTAL 500.00 500.00

by : Mr. Bo Keeper Approved by: Mr. Manny Dyer

Ms. Trish Syurer Received by:
CV No. 2016-004
CASH RECEIPTS BOOK
September 1-30, 2016
CASH ON HAND LOANS INTEREST CAPITAL MEMBERSHIP Accounts
DATE REF Received from RECEIVABLE INCOME SHARE FEE Receivables
DR CR CR CR CR CR
9-Sep 001 MR. Eybicidi 5,100.00 5,000.00 100.00
11-Sep 002 Mr. Estiyubi 10,100.00 10,000.00 100.00
15-Sep 003 MRs. Kyuares 20,100.00 20,000.00 100.00
21-Sep 004 MR. Eybicidi 2,000.00 2,000.00
27-Sep 005 Mr. Estiyubi 2,600.00 2,500.00 100.00

TOTAL 39,900.00 2,500.00 100.00 37,000.00 300.00

CASH DISBURSEMENT BOOK

September 1-30, 2016
LOANS SERVICE FIXED OFFICE
CASH ON HAND RENT
DATE REF Paid To RECEIVABLE CHARGE ASSETS/FFE SUPPLIES
CR DR CR DR DR DR
17-Sep -001 Mr. Bill Dingowner 15,000.00 5,000.00
18-Sep -002 Ensisisi 3,750.00 3,000.00 750.00
20-Sep 003 Mr. Estiyubi 9,200.00 10,000.00 300.00
30-Sep 004 Mrs. Kyuares 500.00

TOTAL 28,450.00 10,000.00 300.00 5,000.00 3,000.00 750.00

 Sundries DR CR

Sundries DR CR
Prepaid Rent 10,000.00

Paid Up 500.00
Treasury Sha 500.00

10,500.00 500.00
GENERAL LEDGER Account: Cash on Hand GENERAL LEDGER Account:

Date Particulars Ref DR CR BALANCE Date Particulars Ref DR

30-Sep Receipts for Sept 2016 CRB 39,900.00 39,900.00 30-Sep Loan release-Sept CDB 10,000.00
30-Sep Disbursement for Sept 2016 CDB 28,450.00 11,450.00 30-Sep Loan payment CRB

GENERAL LEDGER Account: Capital Share GENERAL LEDGER Account:

Date Particulars Ref DR CR BALANCE Date Particulars Ref DR

30-Sep Contribution for the month CRB 37,000.00 37,000.00 30-Sep Membership Fees-SEp2CRB
30-Sep Loan retention CDB 500.00 37,500.00

GENERAL LEDGER Account: Rent GENERAL LEDGER Account:

Date Particulars Ref DR CR BALANCE Date Particulars Ref DR

30-Sep Rent for the month CDB 5,000.00 5,000.00 30-Sep tables and chairs CDB 3,000.00

GENERAL LEDGER Account: Prepaid Rent GENERAL LEDGER Account:

Date Particulars Ref DR CR BALANCE Date Particulars Ref DR

30-Sep 2 months deposit (rent) CDB 10,000.00 10,000.00 30-Sep Capital share withdrawaCDB 500.00
Loans Receivable GENERAL LEDGER Account: Interest Income

CR BALANCE Date Particulars Ref DR CR BALANCE

10,000.00 30-Sep Interest Inc -Sept 2016 CRB 100.00 100.00
2,500.00 7,500.00

Membership Fee GENERAL LEDGER Account: Service Charge

CR BALANCE Date Particulars Ref DR CR BALANCE

300.00 300.00 30-Sep Service charges-Sept20CDB 300.00 300.00

Fixed Assets GENERAL LEDGER Account: Office Supplies

CR BALANCE Date Particulars Ref DR CR BALANCE

3,000.00 30-Sep Supplies used-SEp2016 CDB 750.00 750.00

Treasury Shares GENERAL LEDGER Account:

CR BALANCE Date Particulars Ref DR CR BALANCE

500.00
 SUBSIDIARY LEDGER FOR CAPITAL SHARE SUBSIDIARY LEDGER FOR LOANS RECEIVAB
Name of Member:MR. Eybicidi____________________ Name of Borrower:___Mr. Estiyubi__________
Date Particulars Ref DR CR BALANCE Date Particulars Ref DR
9-Sep Initial Capital +MF paid 001 5,000.00 5,000.00 20-Sep Loan Release cv00 10,000.00
21-Sep Additional Capital 004 2,000.00 7,000.00 27-Sep First payment or 005

SUBSIDIARY LEDGER FOR CAPITAL SHARE

Name of Member: Mr. Estiyubi_____________
Date Particulars Ref DR CR BALANCE
11-Sep Initial Capital or '002 10,000.00 10,000.00
20-Sep Loan Retention CV 003 500.00 10,500.00

SUBSIDIARY LEDGER FOR CAPITAL SHARE

Name of Member:___Mrs. Kyuares__________________ List of Members with Capital Share as of September 30, 2
Date Particulars Ref DR CR BALANCE Name of Member Amount of Share Ca
15-Sep Initial Capital or 003 20,000.00 20,000.00 Mr. Eybicidi 7,000.00
30-Sep Withdrawal of Share cv 004 500.00 19,500.00 Mr. Estiyubi 10,500.00
Mrs. Kyuares 19,500.00
Total 37,000.00

Paid Up 37,500.00
Treasury Shares - 500.00
37,000.00

Loan Listing/List of Borrowers as of September 30, 2016

Name of Borrowers Loan Balance

Mr. Estiyubi 7,500.00

Total 7,500.00
 ANS RECEIVABLE

CR BALANCE
10,000.00
2,500.00 7,500.00

ptember 30, 2016

unt of Share Capital

mber 30, 2016

Balance
ABC Credit Cooperative
Statement of Financial Condition

ASSETS
Cash on Hand Asset 11,450.00
Loans Receivable Asset 7,500.00
FFE Asset 3,000.00
Prepaid Rent Asset 10,000.00
Total Assets 31,950.00

Liabilities -

Capital Share Equity 37,500.00

Treasury Share Equity - 500.00
37,000.00

Undivided Profit - 5,050.00

Total Liabilites & Equity 31,950.00

RESULT OF OPERATIONS/INCOME STATEMENT

Interest Income Income 100.00

Membership Fee Income 300.00
Service Charge Income 300.00
Gross Income 700.00

Rent Expense 5,000.00

Office Supplies Expense 750.00
Total Operating Expense 5,750.00

UNDIVIDED PROFIT/(LOSS) - 5,050.00

ACTIVITIES
Community Organizing
Community Training
REVENUES
2015 2014
Income from credit operations 141,405 91% 153,072 81%
Other Income 14,487 9% 35,293 19%
Total Revenues 155,892 100% 188,366 100%

Officers honorarium & allowances 22,275 14% 25,300 13%

Traveling Expenses 1,800 1% 0%
Office Supplies Expenses 1,477 1% 1,003 1%
Taxes and Licenses 2,150 1% 9,286 5%
Professional Fees 5,000 3% 5,000 3%
Communication Fees - 0% 1,760 1%
Meetings and Conferences 1,447 1% 7,148 4%
Provision for loan losses - 0% 15,000 8%
Representation Expense 1,253 1% 0%
GA Expenses 13,268 9% 0%
Insurance Expense 1,516 1% 1,131 1%
Bank Charges 697 0% 346 0%
Miscellaneous Expenses 9,190 6% 12,262 7%
Total Expenses 60,073 39% 78,236 42%
NET SURPLUS 95,819 61% 110,130 58%
STATEMENT OF FINANCIAL CONDITION
2015 2014
Cash and Cash Equivalents 550,536 30% 177,428 10%
Loans and receivable 1,281,168 69% 1,523,353 88%
Investment in Non-marketable equity
securities 27,300 1% 27,300 2%
Total Assets 1,859,005 100% 1,728,081 100%

Trade, not-trade and other payable 34,300 2% 25,700 1%

Due to CETF 19,590 1% 17,194 1%
Interest on Share Capital 43,119 2% 49,558 3%
Patronage Refund 28,746 2% 33,039 2%
Other Non-current liabilities 83,005 4% 72,215 4%
Total Liabilities 208,759 11% 197,707 11%

Share Capital 1,500,000 81% 1,431,665 83%

Deposit on share capital subscripti 29,977 2% - 0%
Statutory Funds 120,269 6% 98,710 6%
Total Equity 1,650,246 89% 1,530,374 89%
Total Liab and Equity 1,859,005 100% 1,728,081 100%
PROFITABILITY PERFORMANCE Standard
1. Profitability Ratio
Formula: Net Operating Surplus 95,819 61% 30% and above
Gross Revenue/Gross Margin 155,892
2. Earning per Share Ratio
Formula: Net Surplus 95,819 P2.50 and above
6%
Members Equity-Treasury Shares 1,529,977

110,130 8%
3. Profitability Growth Rate 1,431,665
Formula: Earnings per Share end-Earnings per Share beg 6%-8% 100% and above
-25%
Earnings per share beg 8%

4. Asset Efficiency Rate

Formula: Net Surplus 95,819 5% 20% and above
Total Assets 1,859,005

5. Rate of Interest on Share Capital

Formula:
Amount Allocated for Interest on Share Capital 43,119 Higher than the inflation rate
3%
Average Paid Up Share Capital (2014+2015)/2 1,480,821

STRUCTURE OF ASSETS
6. Percentage of Non-Earning Assets to Total Assets
Formula: Non-earning Assets 27,300 1% 10% and below
Total Assets 1,859,005

7. Member's Equity to Total Assets

Formula: Paid-up Share + Deposit for Capital Subscription 50% and above
83%
Total Assets

8. Deposit Liabilities to Total Assets

Formula: Total Deposit Liabilities 30% to 40%
Total Assets

9. External Borrowings
Formula: Total External Borrowings No External Borrowings
Total Assets

10. Receivables to Total Assets

Formula: Loans and/or Accounts Receivable 1,281,168 69% 60% to 70%
Total Assets 1,859,005