This is used to recognize: (1) in the books of National government agencies, the constructive remittance to BIT and BOC of taxes and customs’ duties withheld, and the constructive receipt of NCA for those taxes and customs duties; (2) in the books of the BIR and BOC, the constructive receipt of tax revenue and custom duties; (3) in the books of BTr, the constructive receipt of the taxes and custom duties remitted Notice of Cash Allocation (NCA) Tax Remittance Advice (TRA) Cash Disbursement Ceiling (CDC) Non-Cash Availment Authority (NCAA)

This is used to recognize: (1) in the books of National government agencies, the constructive remittance to BIT and BOC of taxes and customs’ duties withheld, and the constructive receipt of NCA for those taxes and customs duties; (2) in the books of the BIR and BOC, the constructive receipt of tax revenue and custom duties; (3) in the books of BTr, the constructive receipt of the taxes and custom duties remitted Notice of Cash Allocation (NCA) Tax Remittance Advice (TRA) Cash Disbursement Ceiling (CDC) Non-Cash Availment Authority (NCAA)

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter2: Working With The Tax Law

Section: Chapter Questions

Problem 17P

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Similar questions

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30. The “Subsidy from National Government” account is credited when recording a Receipt of NCA Reversion of unused NCA Constructive remittance of customs duties or taxes withheld through TRA a and c