#MemberIssueNo_157: How do you record a purchase charged against Capital Outlay but its value is less than P15,000.00 – CO or MOOE?

[ad_1] Need opinion po – How do you record this transaction-PPE or MOOE? The Appropriation is classified as Capital Outlay with an estimated amount of more than 15k but upon purchase the actual cost is less than 15k. (sic) #CapitalOutlayRecognition #CapitalOutlayThreshhold #GABOTAF View Answers/Leave a comment [ad_2]

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10 thoughts on “#MemberIssueNo_157: How do you record a purchase charged against Capital Outlay but its value is less than P15,000.00 – CO or MOOE?”

  1. Roy Fernandez

    and should not be charged against the budget for Capital Outlay.

  3. Happy Mark

    In my opinion you have to record on the year of purchase as capital outlay, after 1 year reclassify it, mag ka problema ka sa reconciliation with budget if you reclassify on the year of purchase.

  5. Roy Fernandez

    If it is less than P15,000, then, it shall be recognized as Semi-Expendable Machinery and Equipment or Semi-Expendable Furniture, Fixtures and Books.

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