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Public Social Welfare System

Table 6:

Transaction Record of a business transaction in commercial accounting Record of a business transaction in budgetary accounting Advantages of budgetary accounting
Purchase of medicines DT (debit) 10 – KT (credit) 60 DT (debit) 10531340– – KT (credit) 30234730 The accounts show that some materials have been purchased (340)
Purchase of food products DT (debit) 10 – KT (credit) 60 DT (debit) 10532340 – – KT (credit) 30234730 The account of materials (105) is itemized by type (31 – medicines, 32 – food products)
Settlements with suppliers of medicines and food products DT (debit) 60 – KT (credit) 51 DT (debit) 30234830 – – KT (credit) 30405340 This account allows auditors to trace how funds are expended (purchase of materials).
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