Tag: Unbooked Obligations

By Posted on Posted in Accounting 101 Tagged with ,

Sender: Hi po! Would just like to clarify about continuing appropriations. Are we allowed to use continuing appropriations to pay prior years expenses that were not obligated last year although the entire transaction transpired last year at wala lang talaga …

[Forum] Rules on Prior Years’ Unbooked Obligations Read more »

By Posted on Posted in Accounting 101, Government Auditing Tagged with , ,

Q: Good morning po. Meron bo bang separate rule for trust fund and internally-generated fund na yung 2019 expenses di na pwdeng i-claim sa 2020? Di kasi narecord as AP at sabi daw ay kailangan i-request sa COA. Meron po …

What is the policy of COA on unbooked obligations/money claims? Read more »