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Name of an entity : Company D

SHEET FOR THE RENEWAL OF CHART OF ACCOUNTS

Prepared in Feb 2003

Old COA ( used before Sep 2002) Standard Chart of Accounts New chart of account (to be used from Sep 2002)

Code Account name Code Account name Code Name


1001 Cash on hand 10 Cash on hand 1000 Cash on hand 1010 Cash on hand
1110 Cash in bank - togrog 1111 Cash in bank- togrog- TD bank center
1103 Cash in bank - togrog 11 Cash in bank 1112 Cash in bank - togrog-TD Bank 806 branch
1120 Cash in bank - foreign currency 1121 Cash in bank - Foreign curency - TD Bank center
1104 Cash in bank - foreign curren, 1122 Cash in bank - Foreign curency - TD Bank 806
13 Short term investment 1300 Short term investment

1201 Receivables 12 Accounts receivable 1200 Accounts receivable 1210 Accounts receivables
1202 VAT receivables Other receivable 1220 Receivables from employes and others
12 Allowance for doubtful accounts 1230 Other receivable 1231 VAT receivables
1232 Income tax receivables
1233 Social and health insurance receivables
1234 Payroll tax receivables
1290 Allowance for Bad Debt

1401Raw materials 14 Raw materials 1410 Raw materials


1410 Work in process- Processing 14 Work in process 1420 Work in process 1421 Work in process- Processing department
1411 WIP- sewing department 1422 Work in process- Sewing department
1412 WIP - Hat sewing 1423 Work in process - Hat sewing department
1413 Finished goods 15 Finished goods 1510 Finished goods 1424 Work in process - Factory overhead
15 Materials, and packing 1520 Packages and materials
1504 Supplies 1530 Supplies 1531 Fuel
15 Fuel 1533 Other
15 Spare parts 1532 Spare parts
15 Animals&livestock 1540 Livestock
15 Uniforms and other 1550 Uniforms
18 Prepaid expenses 1800 Prepaid expenses

2001 Fixed asset 20 Fixed asset 2010 Land


2002 Accumulated depreciation 20 Accumulated depreciation 2020 Building
2029 Accumulated depreciation - Building
2030 Machinery, equipments, vehicle
2039 Accumulated depreciation
2040 Furniture, fixture and tools
2049 Accumulated depreciation
2050 Livestocks (of agricultural production)
2060 Other assets
2069 Accumulated depreciation - Other assets
2070 Construction in process
21 Intangibles 2100 Intangibles
22 Investments 2200 Long term Investments

3101 Accounts payables 31 Accounts payables 3100 Accounts payables


3102 Loans Other payables 3110 Accounts payables - for purchases
3120 Short term bank loan
3130 Other payables - from employees and others
3140 Income tax payable
3150 VAT payable
3160 Social and health insurance payable
3170 Salary payable
3180 Payroll tax payable
3190 Real state tax payable
32 Unearned revenue 3200 Unearned revenue

4101 Owner's equity 41 Owner's equity 4110 Equity- private


4121 Retained earning(loss) - prior period
4122 Retained earning (loss) - Current period
4130 Revaluation surplus
5101 Sales revenue 51 Sales revenue 5100 Sales revenue 5110 Sales -domestic
5120 Sales - export

52 Sales allowances 5200 Sales allowances and discounts


6101 Cost of goods sold 61 Cost of goods sold 6100 Cost of goods sold 6110 follow the classification at the Income
70 Selling and administration expenses 7000 Selling and administration expenses statement
71 Selling expenses form

8801 Non operating income 84 Non operating incomes 8400 Non operating income 8411 Interest and penalty income
8412 Gain on foreign currency exchange rate difference
8413 Gain from fixed asset sale
8414 Gain on sale of raw materials and supplies
8415 Other income

8701 Non operating expense 87 Non operating losses 8700 Non operating expense 8711 Interest and penalty expenses
8712 Loss on foreign currency exchange rate difference
8713 Loss on sale of fixed asset
8714 Loss on sale of raw materials and supplies
8715 Other losses

9101 Income tax expense 91 Income tax expenses 9100 Income tax expenses
9201 Income summary 92 Income summary account 9200 Income summary account
Name of entity : Company D

SALES AND ADMINISTRATION EXPENSE ACCOUNTS

7001 Salaries and remuneration

7002 Social Insurance

7003 Repair and maintenance

7004 Utility expenses

7005 Rent expenses

7006 Business travel expenses

7007 Transportation expenses

7008 Material supply expenses

7009 Depreciation expenses

7010 Advertising expenses

7011 Post and communication expenses

7012 Fuel expenses

7013 Other expenses