Pls hide my identity Good day GABOTAF,ask lng po ako ng clarification regarding po sa documentary requirements na canvass from atleast 3 suppliers for purchases involving P 1,000 and above in the liquidation of cash advances/Petty Cash Fund. Ano po…

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Pls hide my identity

Good day GABOTAF,ask lng po ako ng clarification regarding po sa documentary requirements na canvass from atleast 3 suppliers for purchases involving P 1,000 and above in the liquidation of cash advances/Petty Cash Fund. Ano po…

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Posted on Posted in Accounting 101, Government Procurement
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4 Comments on “Pls hide my identity Good day GABOTAF,ask lng po ako ng clarification regarding po sa documentary requirements na canvass from atleast 3 suppliers for purchases involving P 1,000 and above in the liquidation of cash advances/Petty Cash Fund. Ano po…”

  1. It should be in an aggregate amount. If we will rely on a transaction basis, the petty cash custodian might buy an item with 999 pesos in order for him/her to circumvent the requirement. Example if per item basis, does this mean he/she can buy 100 items costing 999 pesos each with a total amount of 99,990 pesos even without quotations? It will affect the objectivity of the rule if that would be the case.

  4. PTF- 1,000 above need Atleast 3 quotation

    Pag below no need na. Basta Alam ko Lang limit Lang Ng 15,000 below Ang pwedi I purchase thru Petty cash fund.