Practice Set

COMMISSION ON AUDIT

The following information was taken from the records of the Agency on December 31, 2014

Annex A – Lists of Employees and CreditorsAnnex B – Post-Closing Trial Balance (December 31, 2014, RA – General Fund)Annex C – Details of Subsidiary Ledger Balances (December 31, 2014)Annex D – Details of Inventory (December 31, 2014)Annex E – Details of PPE (December 31, 2014)Annex F – Summary of transactions for the month of January 2015Annex G – Payroll for January 2015

Requirements:

Converted RCA Post Closing Trial balanceUsing the NGAS UACS, do the following:

1. Set up all needed reference files : List of Employees (Annex A) RC (Excel File) Debtor/Creditor

2. Sub Accounts3. Subsidiary Ledgers for the following:

a. Cash – Collecting Officers (10101010) SL Code 003, Delia C. Dojillo

Bond No. : 34343Amount : P500,000Category : MainFrom : 7-01-14To : 6-30-16

b. Cash, NT, MDS (10104040) SL Code – 001Description – Land Bank of the Philippines CA # 260-888888-99 (COA QC Branch)

c. Cash in Bank – LCCA (10102020) SL Code –001 Description – Land Bank of the Philippines CA # 260-777777-88 (COA

QC Branch)

d. Inventory accounts, Office Supplies Inventory (10404010) Annex D

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e. Property, Plant and Equipment accounts, Office Equipment (10605020) - Annex E

f. Advances to Officers and Employees account (19901040) - Annex C

g. Due from Officers and Employees (20101020) Annex C

h. Payable accounts (Account Codes 401, 412, 413, 414, 415, and 439) - Annex C

4. Record the account balances as of the cut of date based on the December 31, 2014 Post-Closing Trial Balance (Annex B).

5. Record the transactions for the month of January 2015 (Annex F).

6. Generate schedules and reports (Using the Query and Reports Menus)

Additional Information:

Due to BIR, GSIS, Pag-ibig and Other Payables withheld shall be remitted on the 10th day of the ensuing month.

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