cost 1,000,000.

00
1st 30% 30%
2nd 65% 35%
3rd 100% 35%
Account Title Account Code

Construction in Progress-Land 10610010

Advances to Contractors 19902010
Due to BIR 20201010
Guaranty/Security Deposit 20401040
Cash-Modified Disbursement System (MDS), Regular 10104040
to recognie 2nd payment of progree billing-35%

Documents
Permit issued by DENR to cut plants, forest trees on areas affected by the project
Affected trees/crops inventory duly certified ny the Authorized Officer
Quitclaim or waiver issued by the lot owner if he is not the claimant
Map/sketch plan showing the location of the improvement in the projectt-affected area
Resolution of valuation of damaged improvement
Copy of the approved valuation of crops, plants, and trees issued by concerned government agency
Notarized Affidavit of Ownership with Right/Quitclaim to affected improvements
Copy of the latest updated masterlist of PAPs approved by proper authorities
 Debit Credit

₱ 350,000.00
₱ 52,500.00
₱ 21,875.00
₱ 35,000.00
₱ 240,625.00

ment agency
 Account Title Account Code Debit Credit
Cash 10101010 10,000.00
Income from Donation in Cash 40402010 10,000.00
to record received donation

Cash 10101010 20,000.00

Income from Donation in Cash 40402010 20,000.00
to record received donation

Cash 10101010 30,000.00

Income from Donation in Cash 40402010 30,000.00
to record received donation

Machinery 10606010 20,000.00

Cash-MDS, Regular 10104040 20,000.00
to buy machine using donation

Cash 10101010 15,000.00

Income from Donation in Cash 40402010 15,000.00
to record received donation