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How much is subsidy from national government to be recorded

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Reference no: EM133184539

Question - A National Government Agency has an approved appropriation for 2022 of P100,000,000. 25% of the amount was appropriation reserve and the balance was released per General Allotment Release Order (GARO) No. 2022-1. Notice of Cash Allocation of P30,000,000 was received by the agency.

Required - How much is the Subsidy from National Government to be recorded by the agency?

Reference no: EM133184539

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