COMMISSION ON AUDIT CIRCULAR NO.

84-200A August 1, 1984

TO : All Heads of Ministries, Bureaus and Offices of National Government; Managing

of Government Owned and/or Controlled Corporations, Boards and
Commissions; Chief Accountants/Corporate Treasurers; Provincial Governors,
City/Municipal Mayors; Local Treasurers; COA Managers/Regional Directors,
Auditors and All Others, Concerned.

SUBJECT : Amendment of COA Circular No. 83-200, increasing to P500 and above the value
of items to be categorized as furniture, fixtures, equipment, work animals and
books, and the corresponding revision of the definitions of the affected accounts
in view of such increase.

1.0 PURPOSE

This Circular is issued to increase the value of items to be categorized as

"Furniture, Fixtures, Equipment, Work Animals and Books" from P300 to P500 and the
corresponding revision of the definitions of the affected accounts in view of such
increase.

2.0 REVISED DEFINITION OF TERMS

2.1 The definition of account 8-79-000 - "Fixed Assets, Furniture, Fixtures,

Equipment, Work Animals and Books" is amended to read as follows:

"This account is used to record the cost or appraised value or other

appropriate value of furniture, fixtures, equipment, work animals and
books the cost of which amount to P500 or more, more or less capital
in nature, and which when used, do not suffer any material or
substantial change or alteration in size or form,"

2.2 Consequently, the amount of P300 appearing in the description of the following
accounts is hereby increased to P500:

Account code Account Title

8-79-960 Fixed Assets - Furniture, Fixtures,

Equipment, Work Animals and
Books-Held in Trust

8-72-600 Inventories - Semi-Expendable

Supplies, Containers and
Property
 8-86-600 Miscellaneous Liabilities and
Deferred Credit - Semi-
Expendable Supplies, Containers
and Property

3-07-000 Supplies and Materials

4-33-000 Furnitures, Fixtures, Equipment,
Work Animals and Books Outlay

3.0 REPEALING CLAUSE

All circulars/memoranda inconsistent herewith are hereby amended/modified

accordingly.

4.0 EFFECTIVITY

This circular shall take effect immediately.

(SGD.) SILVESTRE D. SARMIENTO, Commissioner

(SGD.) FRANCISCO S. TANTUICO, JR., Chairman