Assets Petty Cash Y Y Y Current Account Y Y Y Y Y Y Y Y Y

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Nathaniel Bennett
6 years ago
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1 GST Output Tax Code Adjustment Description SR ZRL ZRE DS ES ES43 RS OS GS Note AJP AJS Assets Petty Cash Current Account Accounts Receivable Debtors Intercompany Loan / Advance Funds transferred related party; Section 188 of General Guide Third Party Loan / Advance Finance for unrelated parties Employee Advance Funds transferred related party; Section 188 of General Guide Liabilities GST OUTPUT GST Deferred Used in bad debt recovered Revenue Revenue Sales Fees & Charges Finance Income Provision of Hire Purchase Finance Income Bank Placement Exempt Trader Finance Income Interest Subsidy Finance Income Interco loan Finance Income Interest Swap, Hedge and etc Section 196 of General Guide Government Concession Fee Collected Commission Earned Interco Interest Income Interco Interest Subsidy Interest Income Late Payment Charges and Overdue Interest Other Income Dividend Income Rental Income Disposal Computer Disposal Suspense account Computer Gain on Foreign Exchange Bad/doubtful Debt Recovered Dividend Out of Scope Supply

2 Land and Building Residential Land Freehold Residential Building Freehold Commercial Land Freehold Commercial Building Freehold Capital Goods Office Equipment Computer Motor Vehicles Passenger Car Work in Progress Construction CGA Renovation and Refurbishment CGA Commercial Vehicles such as lorry, truck CGA Computer Software A Acc depn Office Equipment Acc depn Computers Acc depn Motor Vehicles Share and Equity Investment Current Assets Stock in hand Provision for Doubtful Debts Staff Advance GST INPUT Prepayment Deposit Telephone Petty Cash Current Account Deposit with Licensed Bank Current Liabilities Hire Purchase Creditors HP Interest In Suspense Salaries Payable EPF Payable Socso Payable Income Tax Payable Staff Housing Loans and Others Accounts Payable Creditors Dividend Payable Provision Accrual GST Deferred Used in bad debt relief adjustment Intercompany Loan / Advance Funds transferred related party; Section 188 of General Guide Third Party Loan / Advance Finance for unrelated parties Employee Advance Funds transferred related party; Section 188 of General Guide Term Loan Funds from bank Revolving Credit Funds from bank Deferred Liabilities Equity Share Capital Profit/Loss For The ear Reserves Salary and Benefit in Kind Salaries

3 Staff Overtime EPF Contribution Socso Contribution Housing Loan Exempt Supply if providing FIK to staff Vehicle Loan Exempt Supply if providing FIK to staff Recruitment Expenses Director Fees Depends on director is owner or not Director Allowances Depends on director is owner or not Medical Medicine will have GST Club Subscription Golf Club Membership Subcription Professional Membership Skills and Technical Training Personal Development Training Expenses General Expenses Installment Plan Expenses Raw Material Purchases Freight and Forwarder Meeting Expenses GST Block or Expense Electricity Water Rental of Office Equipment Private Car Rental Hired Car All Risk Insurance Fire Insurance Industrial All Risk Insurance Third Party Insurance Group Accident Insurance Insurance on Building Insurance on Machinery Insurance on Group Term Life Insurance Group Hospital & Surgical Books Newspaper Magazines Telephone and Fax Postage Courier/delivery charges Domestic, International Internet Line Bad Debt Non Trade Debtors Local Hotel Accommodation Overseas Hotel Accommodation Overseas hotel tax is expense Mileage local Subsistence Allowance local Accommodation local Shop Rental Office Rental Lease Rental Air Ticket local Local Travel It shall recognize the value upon tax invoice. Subsequently payment by instalment is not subject to GST

4 Air Ticket overseas Security Services Cleaning Services Pest Control Services Vehicles Office Vehicle Fuel Office Vehicle Tyres Office Vehicle Service & Maintenance Office Vehicles Road Tax Office Vehicles Insurance Commercial Vehicle Fuel Commercial Vehicle Tyres Commercial Vehicle Service & Maintenance Commercial Vehicle Road Tax Commercial Vehicle Insurance Toll Parking Petrol and Diesel GST on Ron 97 block for passenger car Commercial Vehicles Maintenance and Services Passenger Car Maintenance and Services Interest on Hire Purchase Fuel Diesel Fuel Petrol Ron 97 for Passenger Car is not allowed Fuel LPG Fees Statutory Audit Fees Brokerage, Clearing Fee Share transaction fee subject to GST Statutory Fees Professional Fees Legal Fees Secretarial Fees Tax Advisory Fees Consultancy Fees Repossession Fee Administrative Fee Management Fees Government Quit Rent Stamp Duty Stamp Duty is Government Service; OP Penalty & Fine Business License Others Custom Duties Corporate Tax Deferred Tax Pre Operation & Pre Registration Expenses Section 201(b) (c) General Guide Bad/doubtful Debt Bad debt writes off is an adjustment Depn Bulding Freehold Depn Office Equipment Depn Office Vehicles Commission Paid Commission to staff EP; outsider TX Dividend Paid

5 Loss Foreign Exchange Loss in forex OP Equity / Debenture / bond Capital Items OP Fixed Assets Loss on Fixed Asset is journal entry; Dr Acc Depr Dr Disposal Cr Fixed Assets Interest Paid Term Loan Interest Overdraft Interest Interest on Currency Swap, Hedge Section 196 Inter company Loan Interest Late Charges and Interest

Chart of Accounts Analysis for GST Supply

Chart of Accounts Analysis for GST Supply GST Output Tax Code Adjustment Description SR ZRL ZRE DS ES ES43 RS OS GS Note AJP AJS Assets Accounts Receivable Debtors Current Account Employee Advance Funds