Accounting 101 · 31 Jan 2020 0

Journal Entry | Financial Assistance to LGUs

Q: Q: If for example may nareceive na Financial Assistance from LGSF AM ang GF account. What are the entries for the ff:

  1. Receipt of FA in GF books

  2. Transfer of fund to TF Account in GF books

  3. Receipt of funds in TF books

Thank you

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