PPE vs. PPE: Personal Protective Equipment (PPE) vs. Property, Plant and Equipment (PPE)
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Category: Accounting 101
Rules on the Reissuance of replacement check for cancelled/stale check
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Proper Asset Classification: Inventory or Semi-Expendable Equipment?
Question: Good day po. I have a query po regarding proper asset classification. I’m a bit confused regarding the appropriate account to be used for a paper trimmer/cutting machine worth Php 10,000.00. How do you classify that po — is …
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COA Circular That Prohibits Cash-on-Delivery (COD)
Question: Hi po. Just wanna ask what specific COA Circular ang nagpoprohibit ng COD transactions? Thank you. Join the Forum: Post Views: 3,233
[Forum] Audit Findings on Payment of Prior Years’ Accounts Payables
Question: Hi po. We have an Audit Observation Memorandum (AOM) for paying obligations which were obligated in CY 2017 but were only paid in CY 2019. According to our Auditor lapsed na daw yung appropriation so illegal daw yung payment; …
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Online Payment of Pag-IBIG remittances/contributions via e-Gov Facility
Q: Anyone here po na online payment na po gamit sa remittance ng pag ibig premiums and loans specifically landbank facility po? Paano po gamitin yon? Best Possible Answer: Kami po. We’ve been using LBP’s PAG-IBIG Data Entry System since …
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When is NORSA used?
[NORSA] is used when there’s a need to adjust the Obligation Request and Status (ORS) such as when there is/are error/s in the amount being obligated, account code being used, MFO/PAP being used, particulars, or RC being used. By Leo …
Revealed: 3 Major Reasons Why the Accounting Office Cannot Process Claims of Employees/Suppliers/Contractors
These are the reasons why the Accounting Office does not or deny your claims.