Session 1 - CMCS for OCD

Session 1 - CMCS for OCD

Professional Development

23 Qs

quiz-placeholder

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Session 1 - CMCS for OCD

Session 1 - CMCS for OCD

Assessment

Quiz

Professional Development

Professional Development

Medium

Created by

Lappy Exclamantot

Used 1+ times

FREE Resource

23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accountability refers to the answerability of every public officer, whose duties permit or require the possession or custody, and safekeeping of government funds or property.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accountability over cash advances and collections shall be extinguished upon liquidation.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accountability over Property, Plant and Equipment (including semi-expendable properties) shall be extinguished upon return of the item to the Property Officer.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The new capitalization threshold for a tangible asset to be recognized as Property, Plant and Equipment is P50,000 and above.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary purpose of the one-time cleansing of PPE accounts is to establish verifiable PPE balances in terms of existence, condition, and accountability.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Disposal proceedings shall be immediately initiated to avoid further deterioration of the properties and consequent depreciation of their value. A systematic and timely disposal will yield benefits in terms of the possibility of alternative use, a higher appraised value, and the availability of storage areas for other purposes.


True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unserviceable properties that can no longer be repaired or reconditioned, and waste materials shall be appraised at scrap or junk value.

True

False

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