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#MemberIssueNo_107: What’s the proper account classification of BAC Honoraria? and What’s the Journal Entry for the cash advance for Mid Year Bonus and Intelligence Fund?
i would like to ask kung ang Honorarium of BAC Members ay chargeable po ba sa honorarium or other personnel benefits. in addition, pag kinash advance po ang intelligence fund at midyear bonus ang debit po ba ay advances to officers and employees? (sic)
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Advances for Payroll
This is the description of Honoraria account under the Revised Chart of Accounts.
Honoraria of BAC are chargeable against proceeds from sale of bid documents.
For Mid-Year Bunos….DR to Advances for Payroll