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V08 JE for An oral promise (by an individual or entity) to pay is the value parted with in consideration for the hire of services of another

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GET notified about the latest PHILIPPINE payroll, tax, accounting, bookkeeping, consulting and productivity releases, newsletters and updates!
PLUS: GET YOUR FREE Revenue Regulation (RR) V-1
The Bookkeeping Regulations, as amended, Digital Copy
RR V-1 is one of the issuances where Revenue Officials and BIR Examiners refer to...
💥 when they are checking whether your business is complying with its Tax obligations,
💥 when they are verifying your Annual Inventory List (AIL) compliance,
💥 when they are inspecting your Books of Accounts,
💥 when they are verifying your Documentations and Bookkeeping compliance,
💥 when your business is under Tax examination and investigation,
💥 and, many more ...
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