NFCC Basis of Computation

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NFCC Basis of Computation

Post by rrcabiles on Thu Apr 23, 2015 3:08 pm

what is the correct basis in computing NFCC, if the data such as current assets and current liabilites as indicated in the Annual Income Tax Return and in the Audited Financial Statements are not the same?

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Re: NFCC Basis of Computation

Post by regina avelino on Tue Apr 28, 2015 8:47 am

If I may ask, what brings about the discrepancy between the two reports?

"The values of the bidder’s current assets and current liabilities shall be based on the data submitted to the BIR, through its Electronic Filing and Payment System (EFPS)."

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