Circular 177: Accounting principles of Account 136 - Internal receivables in Vietnam

Circular 177: Accounting principles of Account 136 - Internal receivables in Vietnam​ (illustrative image)

As stipulated in Clause 1, Article 6 of Circular 177/2015/TT-BTC, regulations on the accounting principles for Account 136 - Internal receivables are as follows:

- This account is used to reflect the operating capital allocated by the Head Office to branches, receivables, and payment transactions between the Head Office and branches, or among branches themselves.

- The contents of internal receivables reflected in Account 136 include:

• At the Head Office: Operating capital, funds allocated to branches; Receivables from branches; Amounts collected on behalf; Payments and expenditures made on behalf of branches; Other transient receivables.
• At branches: Amounts allocated by the Head Office but not yet received; Amounts collected on behalf by the Head Office or other branches; Payments and expenditures made on behalf of the Head Office and other branches; Other transient internal receivables.

- Account 136 must be detailed for each unit with payment transactions and separately monitored for each internal receivable. The unit needs to take measures to promptly resolve internal receivables during the accounting period.

- At the end of the accounting period, Account 136 - Internal receivables, and Account 336 - Internal payables must be checked and reconciled among units for each internal transaction to prepare an offset statement as a basis for recording offset entries in these two accounts. If discrepancies occur during reconciliation, the cause must be identified and promptly adjusted.

For detailed information, refer to Circular 177/2015/TT-BTC, effective from January 01, 2016.

Ty Na

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE