Guidelines for Preparing Accounting Documents for Foreign Loans and Debt Repayments

Le Hai

00:17, 12/07/2024

The Ministry of Finance has just issued Circular 74/2018/TT-BTC guiding accounting policies for loans and debt repayments of the Government of Vietnam, local authorities; statistics, and monitoring of on-lending and guarantees by the Government of Vietnam.

Requirements for Preparing Accounting Documents

Accounting documents must be recorded fully, clearly, and accurately as stipulated. In the case where the amount is written in both numbers and words on the document:

- They must match each other, and the total amount must match with the sum of the detailed amounts;- The first letter must be capitalized, and the remaining letters must not be capitalized;- Writing must start at the beginning of the line, and both letters and numbers must be written continuously without gaps. Once a line is fully written, proceed to the next line. Abbreviations, overwritten writing, and writing over pre-printed text are not allowed;- Blank spaces must be crossed out to prevent any alterations or additions of numbers or text.

Additionally, documents prepared on paper with erasures or corrections are not valid for payment or accounting records; the day, month, and year elements of the document must be written in numbers.

Circular 74/2018/TT-BTC takes effect from January 1, 2019.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn