WorksheetsAssets
Total questions: 10
Worksheet time: 5mins
This account is used to recognize the amount granted for payment of authorized petty or miscellaneous expenses which cannot be conveniently paid through checks or Advice to Debit Account (ADA)
Cash-Collecting Officers
Cash-Tax Remittance Advice
Petty Cash
An alumni of AAA Elementary School donated two (2) treadmills (P20,000/unit) for the school gym. What is the appropriate asset account to recognize this donation?
Sports Equipment
Donations
Semi-Expendable Sports Equipment
Library books amounting to P10,000 used as reference by school’s teachers and officials shall be recognized as:
Semi-Expendable Books
Textbooks and Instructional Materials Inventory
Books
Purchased new office partitions (P65,000) and conference tables (P25,000) to provide efficient work space for XYZ school’s teachers. This transaction shall be recognized as Furniture and Fixtures.
True
False
Either true or false
The Science Department acquired microscopes costing P40,000 per unit for science laboratory use. What is the appropriate account to recognize this?
Medical Equipment
Information and Communications Technology Equipment
Technical and Scientific Equipment
DepEd purchased CCTV cameras to safeguard its resources within school premises. This shall be recognized as:
Information and Communications Technology Equipment
Military, Police and Security Equipment
Other Equipment
Instructional materials, brochures and manuals used in government school operations shall be recognized under Textbooks and Instructional Materials Inventory account
True
False
Either true or false
To accommodate the increasing number of enrollees, School A started the construction of an extended wing to its main building. Construction costs shall be recognized as:
School Buildings
Construction in Progress-Buildings and Other Structures
Other Structures
An alumna national artist donated one of his paintings with a fair value of P125,000 to School A. This donation shall be recoded by the school as:
Furniture and Fixtures
Other Property, Plant and Equipment
Works of Arts and Archeological Specimens
Subscriptions to video conferencing applications such as Zoom and Google Meet shall be recognized under Computer Software account.
True
False
Either a or b
