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Approved: 5/1/1997Republic of the Philippines Congress of the Philippines Metro Manila Tenth Congress Second Regular Session Begun and held in Metro Manila, on Monday the twenty-second day of July,
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Begun and held in is a document that records the starting and ending balances of inventory within a specified time period.
Businesses that handle inventory are required to file begun and held in.
To fill out begun and held in, one must record the beginning inventory balance, any additions or subtractions, and the ending inventory balance.
The purpose of begun and held in is to track changes in inventory levels and ensure accurate financial reporting.
Information such as beginning inventory balance, additions, subtractions, and ending inventory balance must be reported on begun and held in.
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