Cash Advances and Travel Guidelines Quiz

What is the purpose of COA Circular No. 2012-001?

• To outline travel guidelines for SEC officials

• To provide guidelines for government transactions

• To prescribe rules for cash advances

• To establish accounting policies for private companies

Who may be granted cash advances according to the guidelines?

• Consultants and contractors

• Only elected officials

• Employees/Officials and Disbursing Officers

• Private individuals

What is the maximum cash advance amount that can be granted?

• It depends on the purpose

• P15,000

• P10,000

• P5,000

What is required for the liquidation of cash advances?

• A bank statement

• A summary of personal expenses

• A signed Liquidation Report and supporting documents

• A verbal report to the supervisor

What is the daily subsistence allowance (DSA) based on?

• The employee's salary

• The number of days traveled

• The rates established by the International Civil Service Commission

• The cost of living in the employee's home country

What is the consequence of failing to liquidate cash advances?

• No consequences

• A warning letter

• Administrative proceedings and possible criminal charges

• A reduction in salary

Which of the following is NOT a requirement for cash advances?

• Certification from the accountant

• Authority of the accountable officer

• Approval from the Head of Office

• A personal bank statement

What is the maximum allowable amount for pre-departure expenses?

• P5,000

• P3,500

• P2,500

• P1,000

What should be done with unutilized cash advances?

• They should be reported to the media

• They must be refunded

• They can be used for personal expenses

• They can be kept for future use

Which of the following is a valid reason for requesting a cash advance?

• Personal shopping

• Official travel expenses

• Home renovations

• Charity donations