Session 4: Receipts/Collections and Deposits

Issue of a provisional receipt is allowed

• True

• False

SK Funds shall be deposited in savings account under the name of the SK of the barangay concerned in GOB/AGDB situated in or nearest its area of jurisdiction, with the SK Chairperson and SK treasurer as the official signatories

• True

• False

It is strongly encouraged for the SK to open and maintain a depository account in a bank other than the bank and branch of its barangay

• True

• False

When travel time to the GOB/AGDB is more than one day, deposits shall be made at least once a week or as soon as the collection reaches P10,000.

• True

• False

The official signatories in the current account of the SK are the SK Chairperson and SK Treasurer

• True

• False

The SK Chairperson, SK Treasurer and SK Secretary shall comply with the bonding requirements prescribed in Section 305 (f) of RA No. 7160.

• True

• False

Checks with erasures and/or alterations need not be cancelled.

• True

• False

The following are the listed GOB/AGDB as stated in DOF DC No. 01-2017 dated May 11, 2017, except:

• Land Bank of the Philippines

• Development Bank of the Philippines

• Philippine Postal Savings Bank

• Bank of the Philippine Island