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Transactions of a certain government agency: Receipt of notice of appropriation amounting to P1,000,000. Receipt of allotment from the DBM amounting to P980,000 Incurrence of
Transactions of a certain government agency:
- Receipt of notice of appropriation amounting to P1,000,000.
- Receipt of allotment from the DBM amounting to P980,000
- Incurrence of obligations amounting to P880,000
- Receipt of Notice of Cash Allocation amounting to P850,000
- Accrual of P500,000 salaries upon approval of payroll. The breakdown is as follows:
Salaries and wages450,000
PERA50,000
Gross Compensation500,000
Withholding Tax125,000
GSIS25,000
Pag-ibig20,000
PHIC12,000
Total salary deductions182,000
- Granting of cash advance for the payroll
- Liquidation of the cash advance for payroll
- Receipt of delivery of purchased office supplies worth P200,000 from current year's obligation
- Payment of P180,000 accounts payable. Taxes withheld amount to P10,000
- Remittance of all taxes withheld to BIR
- Remittance of other amounts withheld to the other government agencies concerned
- Billing of revenue for Power Supply System Fees amounting to P200,000
- Collection of P200,000 from billed revenue and remittance of the total collection to the National Treasury
- Reversion of unused NCA
Required:
- Record the above transactions or events. If no journal entry is needed, state the registry or other document where the transaction or event is recorded.
- How much is reported as unreleased appropriation in the entity's Budget Accountability Report?
- How much is reported as unobligated allotment in the entity's Budget Accountability Report?
- How much is reported as Not yet Due and Demandable Obligations in the entity's Budget Accountability Report?
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