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What should be the journal entry for receipt of procurement in books of the agency under disbursement through direct payment method? a. Debit: Assets received;
What should be the journal entry for receipt of procurement in books of the agency under disbursement through direct payment method? a. Debit: Assets received; Credit: Accounts Payable b. Debit: Subsidy from national government; Credit: Cash-constructive income remittance c. Debit: Subsidy to NGAs; Credit: Loans Payable-foreign d. Debit: Accounts Payable; Credit: Subsidy from the nationalgovernment
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