Session 7 FS and Other reports

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

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

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

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

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

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

• Project

• Purpose

• Plan

• 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.

• True

• False

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

• True

• False

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

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

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

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

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