Reversion of Accounts Payable to Government Funds

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EXECUTIVE ORDER NO. 109: Reversion of Accounts Payable to Government Funds

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Title Supreme Court: Reversion of Accounts Payable to Government Funds

Law: Executive Order No. 109

Decision Date: Jun 10, 1999

Executive Order No. 109 reverts outstanding accounts payable in the Philippine government to the Cumulative Result of Operations if they have been outstanding for two years or more, aiming to establish a more realistic cash program and address dormant and undocumented accounts payable.

reversion

accounts payable

cumulative result of operations

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