This is used to recognize: (1) in the books of National government agencies, the constructive remittance to BIT and BOC of taxes and customs’ duties withheld, and the constructive receipt of NCA for those taxes and customs duties; (2) in the books of the BIR and BOC, the constructive receipt of tax revenue and custom duties; (3) in the books of BTr, the constructive receipt of the taxes and custom duties remitted Notice of Cash Allocation (NCA) Tax Remittance Advice (TRA) Cash Disbursement Ceiling (CDC) Non-Cash Availment Authority (NCAA)
This is used to recognize: (1) in the books of National government agencies, the constructive remittance to BIT and BOC of taxes and customs’ duties withheld, and the constructive receipt of NCA for those taxes and customs duties; (2) in the books of the BIR and BOC, the constructive receipt of tax revenue and custom duties; (3) in the books of BTr, the constructive receipt of the taxes and custom duties remitted Notice of Cash Allocation (NCA) Tax Remittance Advice (TRA) Cash Disbursement Ceiling (CDC) Non-Cash Availment Authority (NCAA)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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48. This is used to recognize: (1) in the books of National government agencies, the constructive remittance to BIT and BOC of taxes and customs’ duties withheld, and the constructive receipt of NCA for those taxes and customs duties; (2) in the books of the BIR and BOC, the constructive receipt of tax revenue and custom duties; (3) in the books of BTr, the constructive receipt of the taxes and custom duties remitted
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- Notice of Cash Allocation (NCA)
- Tax Remittance Advice (TRA)
- Cash Disbursement Ceiling (CDC)
- Non-Cash Availment Authority (NCAA)
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