What’s the prevailing rate for the maximum amount of petty cash per transaction?
Q: Good pm. I just want to clarify if Cash Advance for Petty Operating Expenses referring to COA Circular 97-02 is the same with the Petty Cash Fund?
Which will prevail regarding the maximum amount disbursement per Petty Cash Voucher?
Per NGAS for LGU – P1,000
Per COA Circular 97-02 – P10,000
Pero COA Circular 2012-01 – P15,000.
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