SK FINANCIAL STATEMENTS

1. What is the appropriate basis in the preparation of Summary of Budget, Commitment, Payments and Balances (SBCPB)?

• A. Register of Cash Receipts and Deposits and Other Related Financial Transactions (RCRD)

• B. Register of Cash in Bank and other Related Financial Transaction (RCB)

• C. Registries of Budget, Commitments, Payments and Balances (RBCPB)

• D. Registries of Specific Purpose Fund Commitments, Payments and Balances (RSPFCPB)a. Registries of Specific Purpose Fund Commitments, Payments and Balances (RSPFCPB)

  
  

SSPFCPB stands for Summary of Specific __________ Fund, Commitments, Payments and Balances

• A. Project

• B. Purpose

• C. Plan

• D. Program

SBCPB and SSPFCPB shall be prepared in 2 copies. The original copy shall be submitted to the Municipal Accountant while the photocopies shall be submitted to SB and retained by the SK.

• A. TRUE

• B. FALSE

SCBAA stands for Statement of Comparison of Budget and Allotment Amounts.

• A. True

• B. False

What is the most appropriate basis in preparing the Annual Statement of Receipt and Payments?

• A. The consolidated Register of Cash Receipts, deposits and Other Related Financial Transactions (RCRD)

• B. The consolidated Register of Cash in Bank and other Related Financial Transactions (RCB)

• C. The consolidated Quarterly Statement of Receipts and Payments (QSRP)

• D. The Summary of Budget, Commitments, Payments and Balances (SBCPB)