From January 01, 2019: Addition of 03 Off-Balance-Sheet Accounts

14:02, 11/07/2024

Here are notable contents in Circular 108/2018/TT-BTC issued by the Ministry of Finance providing guidance on national reserve accounting.

According to the new regulations, three off-balance sheet accounts will be added to the accounting system, specifically:

- Account 010 - Estimated Expenditure for National Reserves: Reflects the estimated expenditure for purchasing national reserve goods allocated by the competent authority and the withdrawal of the estimated expenditure for use.- Account 011 - Fund Based on Norms: Reflects the funds for import, export, preservation, relief, and aid the unit is entitled to as per the norms or fees approved by the competent authority and the estimated expenditure allocated to the unit.- Account 015 - Incurred but Not Executed Expenses: Reflects the expenditure for importing, exporting, preserving, relief, aid, etc., that has incurred as per the assigned plan but the unit has not executed import, export, preservation, relief, aid, etc., of national reserve goods.

View 07 new primary level accounts in Circular 108/2018/TT-BTC effective from January 01, 2019.

- Thanh Lam -

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