Supreme Court E-Library
Information At Your Fingertips

  View printer friendly version

(NAR) VOL. 19 NO. 1 / JANUARY - MARCH 2008

[ COA CIRCULAR NO. 2008-001, January 29, 2008 ]


This Circular is issued to prescribe the use of a more comprehensive Chart of Accounts to respond to the information needs of various government agencies in implementing the New Government Accounting System (NGAS), thereby superseding COA Circular Nos. 2003-001, 2004-002, and 2004-008 date June 17, 2003, April 29 2004, and September 20, 2004, respectively.

The Revised Philippine Government Chart of Accounts (PCGA) shall be used by National Government Agencies, Local Government Units, and Government Owned and/or Controlled Corporations except government banks, the Government Service Insurance System and the Social Security System.

The account codes, account titles and account descriptions of the PGCA, attached as Annex A*, are grouped as follows
Accounts Account Codes
Assets 100-399
      Asset Contra-Accounts 301-362
Liabilities 400-69
      Liability Contra Accounts 461-462
Equity 470-499
Income 500-699
      Tax Revenue 501-539
      Internal Revenue Allotment 541
Fees, Permits and License Income 551-569
Business and Service income 571-619
Gains 621-629
      Subsidy Income 631-639
      Other Income 641-659
      Income Contra Accounts 661-667
Expenses 700-997
      Personal Services 701-749
      Maintenance and Other Operating Expenses 751-989
      Financial Expenses 751-989
Intermediate Accounts 998-999

All account balances shall be reclassified to the appropriate accounts in the revised PGCA.

Accounts other than those provided in the PGCA shall be used only upon prior approval of this Commission:

This Circular shall take effect fifteen (15) days after publication in two newspapers of general circulation.

Adopted: 29 Jan. 2008

© Supreme Court E-Library 2019
This website was designed and developed, and is maintained, by the E-Library Technical Staff in collaboration with the Management Information Systems Office.