Submission of Monthly Report of Dishonored Checks to the Accounting Division and Other Offices in Accordance with the Provisions of Section 10(c) of GAO General Circular No. 110 Dated October 10, 1968

May 21, 1970 REVENUE MEMORANDUM ORDER NO. 36-70 SUBJECT : Submission of Monthly Report of Dishonored Checks to the Accounting Division and Other Offices in Accordance with the Provisions of Section 10(c) of GAO General Circular No. 110 Dated October 10, 1968 TO : All BIR Collecting Officers It has been observed that from month to month, the amount of unsettled dishonored checks have been progressively increasing. Investigation shows that the root cause of the increase is due to the failure of many BIR collecting officers to submit their monthly report of dishonored checks to the Accounting Division. In order to update the records of the Accounting Division relative to unsettled dishonored checks and the status and disposition thereof, all BIR collecting officers are directed to comply strictly with the provisions of Section 10(c) of GAO General Circular No. 110 dated October 10, 1968, the pertinent portion of which is quoted hereunder: "Section 10(c) Report of collecting officer At the end of each month, the collecting officer shall prepare a report of dishonored checks. The report shall show the unsettled dishonored checks at the beginning of the month, dishonored checks received during the month, those settled during the month, the unsettled dishonored checks at the end of the month, and the action taken in each case. The monthly report shall be prepared in five copies to be distributed as follows: Original to the agency head Duplicate to the bureau auditor Triplicate to the chief accountant (to be attached to report of collections) Quadruplicate to auditor having jurisdiction in cash examination Quintuplicate to file copy of collecting officer" All concerned are enjoined to comply immediately with this reporting requirement whether or not dishonored checks have been received. MISAEL P. VERA Commissioner of Internal Revenue