Cash Exam - Exercise 3.2 C

What is the entry to recognize forfeiture of cash overage of the Collecting Officer in the assigned in LGUs?

• debit Cash Collecting Officer
  credit Miscellaneous Income

• debit Miscellaneous Income
  credit Cash Collecting Officer

• debit Cash, Local Treasury
  credit Miscellaneous Income

• debit Cash Collecting Officer
  credit Due from Officers and Employees

What is the accounting entry to take up cash shortage in National Government Agencies?

• debit Cash Collecting Officer
  credit Miscellaneous Income

• debit Due from Officers and Employees
  credit Cash Collecting Officer

• debit Cash Collecting Officer
  credit Due from Officers and Employees

• debit Due from Officers and Employees

What is the entry to take up the settlement of accountability of defaulting accountable officer in the National Government Agencies?

• debit Cash Collecting Officer
  credit Miscellaneous Income
  

• debit Due from Officers and Employees
  credit Cash Collecting Officer

• debit Cash Collecting Officer
  credit Due from Officers and Employees

• debit Due from Officers and Employees

  credit Cash, Local Treasury

If the AO incurred shortages, the following are the recourse of actions of the Commission to penalize the same or institute restitution except:

• Foreclosure of properties

• Withholding of salary and other emoluments

• Constructive distraint

• Transmittal of report to the Office of the Ombudsman for filing of administrative and/or criminal action

When a significant shortage is discovered after the cash count, inform the Cluster/Regional Director thru the SA, within three (3) calendar days from discovery, for any further appropriate action.

• True

• False

The salaries and emoluments to be withheld shall correspond to the amount of the alleged shortage.

• True

• False

Withholding order may or may not be reported the COA Chairperson.

• True

• False

A copy of the report as well as information of its referral to the Office of the Ombudsman shall be furnished to the following except:

• the head of the agency concerned,

• the chief accountant of the agency concerned

• if the defaulting officer is a treasurer of a local government unit, to the Bureau of Treasury

• the COA Legal Services Sector

Among the following documents that should be made available to the prosecuting officials are the following except:

• Copy of the report of cash examination

• Oath of Office

• Personal Data Sheet

• Approved Application of Bond

If the shortage is material and a case has already been filed, request, thru the COA Chairperson, the Department of Foreign Affairs (DFA), the National Bureau of Investigation (NBI), Bureau of Customs and the Bureau of Immigration to deny the AO any clearance for purposes of travel abroad unless cleared by the COA.

• True

• False