Provisions on Accounting Accounts and Accounting Account System for Civil Judgment Execution Operations

The accounting accounts and the accounting account system for civil judgment enforcement operations are stipulated in Article 10 of Circular 78/2020/TT-BTC. To be specific:

- The accounting accounts are used to classify and systematize the arising economic and financial transactions according to economic content and chronological order. The accounting accounts reflect and control regularly, continuously, and systematically the situation of income, expenditure, and the inflow and outflow of money, assets, and evidence in enforcement activities, the results of enforcement activities in terms of money and assets at civil judgment enforcement agencies at all levels.

- The accounting accounts are opened for each accounting object with separate economic content. The account system includes all accounting accounts used in the accounting of enforcement operations, which are uniformly stipulated regarding the type of account, the number of accounts, symbols, names, and the recording content of each account.

- Classification of accounting accounts:

The accounting account system applied to the accounting of civil judgment enforcement operations includes on-balance-sheet accounts and off-balance-sheet accounts:

+ On-balance-sheet accounts reflect all economic and financial transactions arising according to accounting objects, recorded using the double-entry method.

+ Off-balance-sheet accounts reflect those accounting objects already recorded on the on-balance-sheet accounts but need further detailed monitoring to serve management requirements, such as various foreign currencies. Additionally, off-balance-sheet accounts also reflect assets and evidence seized by the enforcement agency but whose value has not been determined or have been sealed and accounted for at nominal value. Off-balance-sheet accounts are recorded using the single-entry method (no double-entry accounting between accounts).

- Application of the account system:

+ Civil judgment enforcement agencies at all levels must base on the account system issued in this Circular to apply the appropriate accounting accounts for the unit.

+ The unit is allowed to add accounting accounts in the following cases:

++ Add more detailed accounts for the accounts already stipulated in the account system list in Appendix 02 attached to this Circular to serve the unit's management requirements.

++ The Ministry of Finance approves in writing the addition of accounts that are on the same level as the accounts stipulated in the account system list in Appendix 02 attached to this Circular.

- The list of the accounting account system, the explanation of the structure, content, and accounting method of some primary economic activities of the unit are stipulated in Appendix 02 "Accounting Account System" attached to this Circular.

Looking forward to your prompt response.