Tag: Validity of MDS Checks

By Posted on Posted in Accounting 101 Tagged with ,

The Department of Budget and Management (DBM) issued Circular Letter No. 2021-12 dated November 24, 2021 to provide guidelines on the encashment of Modified Disbursement System (MDS) Checks and payment using Advice to Debit Account (ADA) for the rest of …

DBM modifies the Period for the Encashment of MDS Checks and Payment through Advice to Debit Account (ADA) under the MDS for the Rest of FY 2021 Read more »

By Posted on Posted in Cash and Treasury Management Tagged with , ,

The checks issued by government agencies, particularly those drawing their funds from their Modified Disbursement System (MDS) account, maintained under the authorized government servicing banks such as the Land Bank of the Philippines (LBP), Development Bank of the Philippines (DBP) …

Validity/expiry of Checks issued by government agencies Read more »