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How much is the amount to be debited to subsidy

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Question - The approved appropriation of Department ABC for 2021 is 120,000,000.

Seventy five percent (75%) of this appropriation was allotted by the DBM accompanied with Notice of Cash Allocation (NCA) of sixty percent (60%) of the allotment.

During the year, the amount of obligations incurred was equal to eighty percent (805) of the NCA.

Sixty five percent (65%) of these obligations were paid.

Required - How much is the amount to be debited to Subsidy from the National Government, if any, at the end of the year?

Reference no: EM133114420

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