Accounting for Obligations.
Section 350
SECTION 350. Accounting for Obligations. - All lawful expenditures and obligations incurred during a fiscal year shall be taken up in the accounts of that year.
RA 7160 (Local Government Code of 1991) Section 350
RA 7160 (Local Government Code of 1991) Section 350
Other provisions in CHAPTER 4. - Expenditures, Disbursements, Accounting and Accountability
- Section 344: Certification on, and Approval of, Vouchers.
- Section 345: Officials Authorized to Draw Checks in Settlement of Obligations.
- Section 346: Disbursements of Local Funds and Statement of Accounts.
- Section 347: Rendition of Accounts.
- Section 348: Auditorial Visitation.
- Section 349: Accounting for Revenues.
- Section 351: General Liability for Unlawful Expenditures.
- Section 352: Posting of the Summary of Income and Expenditures.
- Section 353: The Official Fiscal Year.
- Section 354: Administrative Issuances; Budget Operations Manual.
CitationRA 7160 (Local Government Code of 1991) Section 350 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
Continue your research
RA 7160 (Local Government Code of 1991), full textChapter navigation and full text, so you can read this section in contextPhilippines legislationPhilippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearCHAPTER 4. - Expenditures, Disbursements, Accounting and Accountability — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections