Accounting 101

How do you interpret Section 6(b)(ii) of EO 77?

Q: Need help. Pwede ko ba malaman kung ano ibig sabihin ng sec 6(b).ii?? DTE namin ay 2200, 30% meals. Yung 30%(660) ba na meals na yan ay i multiply ulit sa 30%(198) ?? View Answers via our Facebook Page:

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Seminar on GAM

Click the comment button to read the responses to this question. Q: Can anyone suggest a seminar on Government Accounting Manual? Saan po kaya pwede ma-join? I tried looking sa website ng COA pero there’s no seminar/training related on GAM.

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Cancelled MDS Check

Hi GABOTAF. Scenario: MDS check was Issued on January) but was cancelled later on February. 1.)  Do I need to make another DV for the replacement of MDS check? Or just make an adjustment in General Journal for the replacement of Check? 2.) Will the amount be credited back to our MDS account? Savings Account?

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Pwede bang yung Private Secretary ni Mayor ang pumirma ng P.O’s at DVs?

Q: Good day po. May situation po kami sa LGU ngaun involving delegated functions/ authority to sign for the Private Secretary kac nagretire na ang Admin namin. Halos lahat po kac ng D.V.’s and P.O.’s below 50k ang amount pirmado na ng PS namin kahit andito naman sa LGU ang mayor namin kaya nagdadalawang isip

Pwede bang yung Private Secretary ni Mayor ang pumirma ng P.O’s at DVs? Read More »

COA officially released the Handbook on the Financial Transactions of the Sangguniang Kabataan (SK)

The Commission on Audit (COA) officially released in its website the much awaited Handbook on the Financial Transactions of Sangguniang Kabataan (SK) in the various local government units in the Philippines, pursuant to COA Circular No. 2020-003 dated January 28, 2020. The Handbook provides the guidelines on the proper recording, reporting, and disbursement of SK

COA officially released the Handbook on the Financial Transactions of the Sangguniang Kabataan (SK) Read More »

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