About this document

Accounting for LGU Supplies and Property by Pee-Jay Inigo Ulita is a document available to read on EtoBox.

This document outlines accounting procedures for supplies and property in local government units. It defines supplies and property as everything except real property needed for public business. Supplies are classified as expendable if consumed within a year or non-expendable if retaining identity for over a year. The perpetual inventory method is used to continuously update inventory records. Requisitions must be made in writing and approved with certifications of funds. Purchase orders are issued to suppli

Author

Pee-Jay Inigo Ulita

Language

EN