Accounting Numbers Applicable to the Debt Repayment Accumulation Fund

Article 17 of Circular 109/2018/TT-BTC prescribes the accounting records applicable to the Debt Repayment Accumulation Fund as follows:

- The Fund opens general accounting books and detailed accounting books to reflect all revenue, expenditure, and management activities of the Fund. It is prohibited to exclude any revenue or expenditure of the Fund from the accounting records.

- The opening, closing, and amending of accounting books are conducted in accordance with the Law on Accounting and Decree No. 174/2016/ND-CP dated December 30, 2016, of the Government of Vietnam, detailing certain articles of the Accounting Law.

- Accounting entries must be recorded promptly, clearly, and completely in accordance with the contents of the accounting books. The information and data recorded in the accounting books must be accurate, truthful, and consistent with accounting vouchers.

- Accounting entries must be recorded in chronological order of the economic and financial transactions. The information and data recorded in the accounting books of the subsequent year must continue the information and data recorded in the accounting books of the immediately preceding year. Accounting books must be continuously recorded from the time they are opened until they are closed.

- Accounting books must be strictly managed, with clear assignment of individual responsibility for keeping and recording the books. The staff member to whom the accounting books are assigned must be responsible for all entries in the books throughout the time they keep and record them.

- When there is a change in the staff member responsible for keeping and recording the books, the chief accountant or the person in charge of accounting must organize the handover of management and recording responsibilities between the outgoing and incoming accounting staff. The outgoing accounting staff member is responsible for all entries in the books during the time they kept and recorded them. The incoming accounting staff member assumes responsibility from the date of handover. The handover minutes must be signed and confirmed by the chief accountant or the person in charge of accounting.

The above are the regulations on accounting records applicable to the Debt Repayment Accumulation Fund.

Respectfully!