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Subsistence Allowances VoucherP7  Form

Subsistence Allowances VoucherP7 Form

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Quick guide on how to complete subsistence allowances voucherp7

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Instructions and help about Subsistence Allowances VoucherP7

hello and welcome to this session in which we would look at how how how to account for material and supplies basically material and supplies you can call them inventory but remember government don't carry inventory because when we say inventory inventory means you you plan to buy something in order to resell them government don't carry inventory government carries materials and supplies why because they use the material and supplies in their day-to-day operation and remember materials and supplies they are not considered Expendable for available use so in other words they're not like cash you cannot use them to pay off expenditure you cannot use them to pay off liabilities they're not Expendable not Expendable so you cannot really spend them you cannot spend them okay so the two primary issues pertaining to governmental funds when it comes to material and supplies is the timing of the expenditure when when do we record the expenditure and when do we repo

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