WorksheetsSK FS and Other Reports
Total questions: 10
Worksheet time: 5mins
1. What is the appropriate basis in the preparation of Summary of Budget, Commitment, Payments and Balances (SBCPB)?
a. Register of Cash Receipts and Deposits and Other Related Financial Transactions (RCRD)
b. Register of Cash in Bank and other Related Financial Transaction (RCB)
c. Registries of Budget, Commitments, Payments and Balances (RBCPB)
d. Registries of Specific Purpose Fund Commitments, Payments and Balances (RSPFCPB)
2. SSPFCPB stands for Summary of Specific __________ Fund, Commitments, Payments and Balances
a. Project
b. Purpose
c. Plan
d. Program
3. SBCPB and SSPFCPB shall be prepared in 2 copies. The original copy shall be submitted to the Municipal Accountant while the photocopies shall be submitted to SB and retained by the SK.
a. True
b. False
c. I don’t know
d. Both a and b
4. SCBAA stands for Statement of Comparison of Budget and Allotment Amounts.
a. True
b. False
c. Either true or false
d. I don’t know ☹
5. What is the most appropriate basis in preparing the Annual Statement of Receipt and Payments?
a. The consolidated Register of Cash Receipts, deposits and Other Related Financial Transactions (RCRD)
b. The consolidated Register of Cash in Bank and other Related Financial Transactions (RCB)
c. The consolidated Quarterly Statement of Receipts and Payments (QSRP)
d. The Summary of Budget, Commitments, Payments and Balances (SBCPB)
6. This statement/report is used to provide additional information about liabilities and some non-cash assets such as receivables, supplies and materials, and property and equipment.
a. Bank Reconciliation Statement (BRS)
b. Statement of Comparison of Budget and Actual Amounts (SCBAA)
c. Notes to Financial Statements (NFS)
d. Report of Accountability for Accountable Forms (RAAF)
7. The Report of Accountability for Accountable Forms (RAAF) should be prepared by:
a. SK Treasurer
b. Budget Monitoring Officer
c. COA Auditor
d. SK Chairperson
8. In preparation of Bank Reconciliation Statement, the overstatement of recorded checks issued will cause the cash balance to be __________
a. Overstated
b. Understated
c. Either overstated or understated
d. Neither overstated or understated
9. The SK Treasurer shall post the Quarterly Statement of Receipts and Payments in the barangay bulletin board and in at least __________ conspicuous places within the jurisdiction of the barangay, and if possible, include the use of traditional and non-traditional media.
a. 2
b. 3
c. 4
d. 5
10. Failure on the part of the SK official concerned to submit the documents and reports mentioned herein shall automatically cause:
a. the suspension of SK official until he/she shall have complied with the requirements of COA
b. the suspension of the entire SK until they have complied with the requirements of COA
c. the removal of SK official concerned until he/she have complied with the requirements of COA
d. the suspension of payment of any amount due them until they have complied with the requirements of COA
