Basic

Essential

Bookkeeping Training for SK

 Treasurers

January 22-26, 2024

 April Liza P. Chua
Senior TESDS TESDA – NE

COA CIRCULAR NO. 2020-

003 - January 28, 2020

Revised Rules and Regulations Implementing Republic Act

(RA) No. 10742, Otherwise Known as the “Sangguniang
 Kabataan Reform Act of 2015,” as Amended by RA No.
11768

❖ Ten percent (10%) of the general fund of the barangay shall be set aside for the SK.
The sangguniang barangay shall appropriate the SK funds in lumpsum which shall be
disbursed for youth development and empowerment purposes. Such funds shall be
disbursed in accordance with the provisions of RA No. 10742, as amended by RA No.
11768, this Revised IRR, RA No. 7160, RA No. 9184, and such other pertinent laws,
rules, and regulations;

❖ (b) The SK shall have financial independence in its operations, disbursements, and
encashment of its funds, income, and expenditures. As such, the SK funds shall be
deposited in the name of the SK of the concerned barangay in a government-owned
bank situated in or nearest to its area of jurisdiction with the SK chairperson and the SK
treasurer as the official signatories;
Amendment to Certain Provisions of DILG Memorandum
Circular (MC) No. 2018-131 dated August 15,2018 Relative to
the Guidelines on the Appointment of Sangguniang
Kabataan (SK) Secretary and SK Treasurer dated Nov 7,2023
❑ Government Accounting – Double entry
bookkeeping system
Double Entry System
Case #1: Asset account

At the beginning of the period, you have a cash

balance of P2,000. During the period, you had total
cash collections amounting to P10,000 and made
total cash payments of P8,000.

Requirement: Using T-account analysis, compute for

the ending balance of your cash.
Case #1: Asset account
Case #2: Liability account
At the beginning of the period, you have a note
payable of P1200. During the period, you
obtained an additional loan amounting to P800
and made total payments of P500.
Case #2: Liability account