Collection 1

Issue of a provisional receipt is allowed.

• True

• False

SK funds shall be deposited in a _________ under the name of the SK of the barangay concerned in GOB/AGDB situated in or nearest its area of jurisdiction, with the SK Chairperson and SK Treasurer as the official signatories.

• Savings Account

• Current Account

• Time Deposit Account

• Foreign Currency Account

It is strongly encouraged for the SK to open and maintain a depository account in a bank other than the bank and branch of its barangay.

• True

• False

1.      Where travel time to the GOB/AGDB is more than one day, deposits shall be made at least once a week or as soon as the collections reach ______

• P1,000.00

• P5,000.00

• P10,000.00

• P15,000.00

The official signatories in the current account of the SK are the

• SK Chairperson and Barangay Treasurer

• SK Chairperson and SK Secretary

• Punong Barangay and SK Treasurer

• SK Chairperson and SK Treasurer

The SK Chairperson, SK Treasurer and SK Secretary shall comply with the bonding requirements prescribed in Section 305 (f) of RA No. 7160, Bureau of the Treasury (BTr) Treasury Circular No. 02-2009 dated August 6, 2009 and DILG Memorandum Circular No. 99-186 dated October 11, 1999.

• True

• False

All receipts/collections in cash or check shall be acknowledged by the SK

Treasurer by issuing OR – Accountable Form No. 51. Receipts/Collections by

the SK through direct deposit to the SK’s bank account shall be supported with

a copy of Validated Deposit Slip/Credit Memorandum in lieu of OR.

• True

• False

ORs shall be issued in _________ sequence. Erasures and alterations are strictly

not allowed. OR with erasures and alterations shall be marked as _______

• alphabetical;

  issued

• numerical;

  cancelled

• random;

  collected

• chronological;

  good

Receipts/Collections and deposits of SK funds derived from any source shall

be recorded and monitored in the ___________ – to be prepared/maintained by

the __________.

• Registry of Budget, Commitments, Payments and Balances;

  Budget Monitoring Officer

• Register of Cash in Bank and Other Related Financial

  Transactions;

  SK Treasurer

• Registry of Specific Purpose Fund, Commitments, Payments and Balances;

  Budget Monitoring Officer

• Register of Cash Receipts, Deposits and

  Other Related Financial Transactions;

  SK Treasurer

Deposits and withdrawals/payments from the current account shall be recorded

and monitored in the __________ to be prepared/maintained by the SK Treasurer.

• Register of Cash on Hand and Other Related Financial

  Transactions

• Register of Cash in Bank and Other Related Financial

  Transactions

• Register of Cash Deposits and Other Related Financial

  Transactions

• Register of Cash in SK Treasurer and Other Related Financial

  Transactions