Government Acctg 2

Which of the following is not charged with government accounting responsibility?

• Commission on Audit

• Bureau of Internal Revenue

• Non-stock, non-profit private hospital

• Department of Budget and Management

Which of the following qualitative characteristics may be sacrificed when reporting information on a timely basis?

• Relevance

• Reliability

• Substance over form

• Faithful representation

How good are you in class?

• Best

• Better

• Good

• Not Good

_________ is an account that is credited when a government entity remits its collections to the National Treasury?

________ Officer shall certify the availability of allotment before obligations can be incurred and disbursements are made.

All Disbursement Vouchers (DVs) or Payroll shall be approved by the? Which of the following are not the correct answer.

• Budget Officer

• Head of Agency

• Chief Accountant

• COA Auditor

Who is your friend in this class.

• Reggie, Redg, Fred

• Girlie, Jed, Tin
  

• Geralf, Reggie, Jed

• Geralf, Girlie, Tin

• Fred, Redg,

Entity A makes payment through bank transfer. This mode of disbursement is most likely through the use of a(an)

• MDS Check

• Commercial Check

• Advice to Debit Account

• Credit Card

The entry to close the “Cash-Treasury/Agency Deposit, Regular” account at the end of the period is debit and credit?

• Accumulated Surplus/(Deficit)

  Cash-Treasury/Agency Deposit,

  Regular

• Subsidy from National Government

  Cash-Treasury/Agency Deposit,

  Regular

• Cash-Collecting Officers

  Cash-Treasury/Agency Deposit,

  Regular

• Cash-Collecting Officers

  Travel Tax

The journal entry to record the receipt of appropriation is debit and credit?

• Cash-Modified Disbursement System (MDS), Regular

  Subsidy from National Government

• Cash-Collecting Officers

  Subsidy from National Government

• Cash-Tax Remittance Advice

  Due to the National Government

• No journal entry