Regulations on the structure and content reflection of Account 138 - Other receivables in Vietnam

Regulations on the structure and content reflection of Account 138 - Other receivables in Vietnam​ (illustrative image)

Clause 1 Article 7 Circular 177/2015/TT-BTC stipulates the amendment and supplementation of the structure and content of Account 138 - Other Receivables as follows:

1. Debit Side:

- Receivables for advances to entrusted units for paying insurance to depositors;

- Receivables for interest on deposits, bond interest, promissory note interest, and interest from other investments held to maturity.

2. Credit Side:

- Amounts paid by entrusted units to depositors or amounts recovered from entrusted units for unclaimed insurance payments;

- Collected interest on deposits, bond interest, promissory note interest, and interest from other investments held to maturity.

Note:

- Debit balance represents receivables from entrusted units for paying insurance, receivables for interest on deposits, bond interest, promissory note interest, and interest from other investments held to maturity that have not yet been collected.

- This account may have a credit balance. The credit balance reflects the amounts collected exceeding the receivables (in special cases and specific details for each entity).

3. Account 138 - Other Receivables comprises 6 sub-accounts:

- Account 1381 - Assets pending resolution: Reflects the value of missing assets not yet clearly identified and pending resolution;

- Account 1382 - Receivables from entrusted insurance payment units: Reflects advances and settlements of insurance payment advances between the unit and the entrusted insurance payment unit;

- Account 1383 - Receivables from interest on deposits: This account is used only at the Head Office to reflect the receivables from interest on deposits (both term and non-term) from temporary idle capital investment activities;

- Account 1384 - Receivables from bond interest: This account is used only at the Head Office to reflect the receivables from bond interest;

- Account 1385 - Receivables from promissory note interest: This account is used only at the Head Office to reflect the receivables from promissory note interest;

- Account 1388 - Other Receivables: Reflects the unit's receivables outside the scope of receivables reflected in Accounts 131, 136, and Accounts 1381, 1382, 1383, 1384, and 1385.

See details at Circular 177/2015/TT-BTC effective from January 1, 2016.

Ty Na

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