f. Repairs and Maintenance


Account Title Dr. Cr.

Repairs and Maintenance-
Machinery and Equipment
Cash in Bank - LCCA

xx



xx

To To record payment of minor repairs and maintenance of property and/or equipment



g. Loss of property and equipment thru theft

(1) Recording of the loss

Account Title Dr. Cr.

Due from Officers and Employees
Accumulated Depreciation -
Motor Vehicles
Motor Vehicles
xx
xx





xx

To record loss of motor vehicle of the Barangay per recommendation of the PB



(2) Receipt of COA Decision granting the accountable officer relief from property accountability

Account Title Dr. Cr.

Loss of Assets
Due from Officers and Employees
xx


xx

To adjust the journal entry made taking up the accountability of the AO for the lost motor vehicle based on the COA Decision granting relief from property accountability.

(3) Receipt of COA Decision denying the request of AO for relief from property accountability

No journal entry


(4) Receipt of payment of AO for property lost

Account Title Dr. Cr.

Cash in Treasury
Due from Officers and Employees
xx


xx

To record the receipt of payment for lost motor vehicle



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