[Forum] Who should file and keep the Acknowledgement Receipt for Equipment (ARE) or Property Acknowledgement Receipt (PAR)?

[Forum] Who should file and keep the Acknowledgement Receipt for Equipment (ARE) or Property Acknowledgement Receipt (PAR)?

Accounting 101

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Sender: Sino po ba talaga ang nagtatago at nag fifile ng mga A.R.E., GSO or ang accounting office po ba?
Thanks po.

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7 thoughts on “[Forum] Who should file and keep the Acknowledgement Receipt for Equipment (ARE) or Property Acknowledgement Receipt (PAR)?

  1. GSO as property custodian and the end user.

    The accounting office may have their own file for reference of their fixed assets subsidiary ledger

  2. GAM Appendix 71, instructions – the Supply and/or Property Office, and accountable officer (recipient of ppe). but PAR is required as supporting docs to DV, so third copy to COA.

  3. as per GAM Appendix 51 PAR – it shall be prepared in 2 copies & distributed as follows: The recipient or end-user of the property shall acknowledge receipt of the property by signing the “Received by” portion and also indicate the date of receipt of the property. The designated Supply and/or Property Custodian shall sign the “Issued by” portion and indicate the date of issue of the property.

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