HFTSK - Session 7 1st quiz

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

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

• Register of Cash in Bank and Other Related Financial Transactions (RCB)

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

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

SSPFCPB stands for Summary of _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ and Balances

• Specific Project Fund, Commitments, Payments

• Specific Payment Fees, Commitments, Projects

• Special Purpose Funds, Commitments, Payments

• Specific Program Funds, Commitments, Payments

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 the Sangguniang Barangay and retained by the SK.

• False

• True

• Maybe

• I don't know

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

• False

• True

• Maybe

• di ko po maalala

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

• The consolidated RCRD

• The consolidated RCB

• The consolidated QSRP

• The Summary of Budget, Commitments, Payments and Balances