AICOM FINDINGS AND RECOMMENDATIONS

For the Month of OCTOBER 2023

FINDINGs/ OBSERVATIONs RECOMMENDATIONs/SUGGESTIONs

1. The number of liters indicated in the Charge Invoice is 28.813 but in Be careful in writing all the details in the Charge Invoice to avoid
the Statement of Account, it was recorded as 26.813 with a difference confusion on the part of the customer.
of 2.0 liters

2. The total amount paid by Mr. Morica is not equal to the total amount Previous balances should have a separate Statement of Account. Advised
as stated in the Statement of Account. him to pay the total amount as indicated in the Statement of Account and
settle first the previous balances.
Total Amount Paid = P 4,000.00
Statement of Account – P 9,894.52

3. The Summary of Petty Cash and the attachments were not arranged If there is any transaction/ reimbursement charged to petty cash, it
according to date. should be submitted on time to the Treasurer.

4. Petty Cash attached is only P 100.00 but in the Summary of Petty Always refer to the attached petty cash and the 200.00 should be
Cash, the total amount is P 300.00. considered as returned cash.

GASOLINE DATA

Fuel Sales - P 735,035.00 (as computed in the logbook)

Cash Remitted -- 735,035.00
Deficit 0

Cash Remitted - P 735,035.00

PO Payment 264,792.24
Total Fuel Sales - P 999,827.24

Total PO (based Charge Invoice) - P336,422.24852

Fuel Ending Inventory (as of October 31, 2023) - P 1,143,162.70

Summary of Sales

Coop Sales - P 1,182,518.62

Fuel Sales 999,827.24
Total Sales P 2,182,345.86
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Deposits (Coop Sales) P 1,182,520.31

Deposits (Fuel Sales) 999,827.24
Total Amount Deposited P 2,182,347.55

Excess Amount Deposited – P 1.69

Total Income P 2,182,345.86

Total Expenditure 2,529,326.74
Net Loss P - 346,980.88
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Prepared by:

BELEN P. ESPONILLA GERALDINE TALE/ FELICIDAD R. CABIGUIN

Chairman – AICOM Member - AICOM