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    Accounting For Government and Non-Profit Organizations: 1. Notice of Cash Allocation (NCA)

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    Randelle James Fiesta
    This document defines several key terms related to accounting for government and non-profit organizations: 1. A Notice of Cash Allocation is a cash authority issued quarterly by the DBM to cover agency cash requirements based on submitted cash programs. 2. A Notice of Transfer of Allocation is an authority issued by an agency's central office to regional and operating units to cover their cash needs. 3. A Tax Remittance Advice is an accountable document issued by NGA to record tax withholdings remitted to the BIR, which is the basis for tax collection recording between the BIR and BTr.

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    Accounting For Government and Non-Profit Organizations: 1. Notice of Cash Allocation (NCA)

    Uploaded by

    Randelle James Fiesta
    299 views1 page
    This document defines several key terms related to accounting for government and non-profit organizations: 1. A Notice of Cash Allocation is a cash authority issued quarterly by the DBM to cover agency cash requirements based on submitted cash programs. 2. A Notice of Transfer of Allocation is an authority issued by an agency's central office to regional and operating units to cover their cash needs. 3. A Tax Remittance Advice is an accountable document issued by NGA to record tax withholdings remitted to the BIR, which is the basis for tax collection recording between the BIR and BTr.

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    This document defines several key terms related to accounting for government and non-profit organizations: 1. A Notice of Cash Allocation is a cash authority issued quarterly by the DBM to cover agency cash requirements based on submitted cash programs. 2. A Notice of Transfer of Allocation is an authority issued by an agency's central office to regional and operating units to cover their cash needs. 3. A Tax Remittance Advice is an accountable document issued by NGA to record tax withholdings remitted to the BIR, which is the basis for tax collection recording between the BIR and BTr.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    299 views1 page

    Accounting For Government and Non-Profit Organizations: 1. Notice of Cash Allocation (NCA)

    Uploaded by

    Randelle James Fiesta
    This document defines several key terms related to accounting for government and non-profit organizations: 1. A Notice of Cash Allocation is a cash authority issued quarterly by the DBM to cover agency cash requirements based on submitted cash programs. 2. A Notice of Transfer of Allocation is an authority issued by an agency's central office to regional and operating units to cover their cash needs. 3. A Tax Remittance Advice is an accountable document issued by NGA to record tax withholdings remitted to the BIR, which is the basis for tax collection recording between the BIR and BTr.

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    © All Rights Reserved
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    ACCOUNTING FOR GOVERNMENT AND NON-PROFIT

    ORGANIZATIONS

    Define the following terms: (2 pts)

    1. Notice of Cash Allocation (NCA)


    - Cash authority issued quarterly by the DBM to central, regional and provincial
    offices and operating units to cover the cash requirements of the agencies. A cash or
    disbursement authority that is periodically issued is referred to as a Notice of Cash
    Allocation (NCA), which issuance is based upon an agency submission of its Monthly
    Cash Program and other required documents.

    2. Notice of Transfer of Allocation (NTA)


    - The NTA is an authority issued by an agency’s Central Office to its regional and
    operating units to cover the latter’s cash requirements.

    3. Tax Remittance Advice (TRA)


    - The Tax Remittance Advice (TRA) is an accountable document issued by NGA
    and approved by the Agency Head to record the remittance of all taxes withheld to the
    BIR. The same document shall be the basis for the BIR and the BTr to draw a JEV to
    record the tax collection and deposit in their respective books of accounts. The JEV
    shall be recorded in the GJ.

    4. Non-Cash Availment Authority (NCAA)


    - The NCAA is the authority issued by the DBM to agencies to cover the
    liquidation of their actual obligations incurred against available allotments for availment
    of proceeds from loans/grants through supplier’s credit/constructive cash.

    5. Cash Disbursement Ceiling (CDC)


    - The CDC is the disbursement authority issued by the DBM to agencies with
    foreign operations allowing them to use the income collected by their Foreign Service
    Posts to cover their operating requirements.

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