PS-DBM CONDUCTS MID-YEAR PHYSICAL INVENTORY OF STOCKS FOR 2021
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The Procurement Service - Department of Budget and Management (PS-DBM) conducted its mid-year inventory of stocks for 2021 on July 15 and 16, in accordance with the Chapter 8 of Section 13 of the Government Accounting Manual (Volume I).
This is also in compliance with Office Order No. 116-2021 to check PS-DBM's integrity of property custodianship; account for the actual inventory of sale and for consumption; track the missing delivery receipts that lack sales invoice; and correct errors in posting of inventory in and out, among other purposes.
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