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In the Philippines, local government is divided into three levels: provinces and independent cities, component cities and municipalities, and barangays, all of which are collectively known as local government units ( LGUs ). In some areas, above provinces and independent chartered cities are autonomous regions, such as the Bangsamoro Autonomous ...
The National Collegiate Athletic Association ( NCAA; / ˌɛnsiː.eɪˈeɪ / ) is an athletic association of ten private colleges and universities in Metro Manila, Philippines. Established in 1924, it is the oldest collegiate athletic association in the country. [2] The Philippine NCAA is not affiliated with the NCAA of the United States.
Website. www .sec .gov .ph. The Securities and Exchange Commission ( Filipino: Komisyon sa mga Panagot at Palitan, commonly known as SEC) is the agency of the Government of the Philippines charged with the registration and supervision of corporations and securities, as well as capital market institutions and participants, in the Philippines.
In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the first decade of the 21st century. The Philippine government's main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and debt ...
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts . Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that " Congress shall evolve a progressive system of taxation ". [1] National law: National ...
Honorarium. An honorarium is an ex gratia payment, i.e., a payment made, without the giver recognizing themself as having any liability or legal obligation to the recipient for their volunteered services, or for services for which fees are not traditionally required. It is a common remuneration practice in schools or sports clubs, for teachers ...
The PSA said this was primarily due to the higher annual rate posted in the heavily weighted food and non-alcoholic beverages index at 6.1%. The country's food index went up by 5.8% in June 2018. It was 5.5% in the previous month and 3.1% in June 2017. The following annual markups were also observed for the following food groups: Rice (4.7%)
The revenue recognition principle is a cornerstone of accrual accounting together with the matching principle. They both determine the accounting period in which revenues and expenses are recognized. [1] According to the principle, revenues are recognized when they are realized or realizable, and are earned (usually when goods are transferred ...