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.
Session 1 - CMCS for OCD

Quiz
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Professional Development
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Professional Development
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Medium
Lappy Exclamantot
Used 1+ times
FREE Resource
23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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