WorksheetsKPM QUIZ 3
Total questions: 10
Worksheet time: 5mins
This government agency will prepare
Federal government financial statments
Audit report for federal government
Budget for Federal government
This report is prepared by the
Accountant General
Auditor General
Minister of MOF
The basis of accounting used to account for Federal Government accounts is
Modified Cash Basis and Cash Basis
Modified Cash Basis and Accrual Basis
Accrual Basis and Cash Basis
Malaysian Public Sector Accounting Standards (MPSAS) is used for
Accrual Basis
Cash Basis
Modified Cash Basis
The following is the disadvantage of using cash basis except
The time spent in accounts preparation will not be significantly shorter
Helps better in determining cashflow
Facilitates better planning, financial management and decision making in longer term
Accrual Basis will show
only cash inflow and outflow
only assets and liabilities
only revenues and expenses
all assets, liabilities, revenues and assets
Revenue and Expenditure is recognized on the date when INVOICE has been send and received. This describe
Cash Basis
Accrual Basis
Modified Cash Basis
Based on the picture, choose the correct answer.
Audited by the Auditor General before being tabled in Parliament according to the requirements of Section 16[2] of the Financial Procedure Act, 1957 [Act 61].
Audited by the Accountant General before being tabled in Parliament according to the requirements of Section 16[2] of the Financial Procedure Act, 1957 [Act 61].
Audited by the Auditor General after being tabled in Parliament according to the requirements of Section 16[2] of the Financial Procedure Act, 1957 [Act 61].
Payment made until January next year. This statement best describe
Cash Basis
Modified Cash Basis
Accrual Basis
The Chief Accountant for the Federal Government and the Head of Federal Treasury Accounts Division is in
