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Expense Part 2

Total questions: 11

Worksheet time: 16mins

Name
Class
Date
1.

This account is used to recognize the costs of printing and binding of manuscripts/documents, forms, manuals, brochures, pamphlets, and the like.

a)

Office Supplies Expenses

b)

Textbooks and Instructional Materials Expenses

c)

Printing and Publication Expenses

d)

Advertising, Promotional and Marketing Expenses

2.

What account shall be used to recognize the purchase of new car batteries to replace the old ones?

a)

Semi-Expendable Machinery and Equipment Expenses

b)

Repairs and Maintenance-Machinery and Equipment

c)

Repairs and Maintenance-Transportation Equipment

d)

Transportation and Delivery Expenses

3.

DepEd Division of TAPAT determines that the oil of the company vehicle is already old and dirty and thus, needs to be replaced with a clean oil. What is the appropriate account to be used in recognizing the expense related to the oil change?

a)

Fuel, Oil and Lubricants Expenses

b)

Chemical and Filtering Supplies Expenses

c)

Transportation and Delivery Expenses

d)

Gas/Heating Expenses

4.

This account is used to recognize the charges imposed by the bank for various services rendered, not related to loans/borrowings, excluding interest charges.

a)

Interest Expenses

b)

Bank Transaction Fee

c)

Bank Charges-Loans and Borrowings

d)

Commitment Fees

5.

To acknowledge the professional achievement and excellent performance of its personnel, DepEd Division of TAPAT procured silver watches, gold-plated rings and plaques of recognition to be given to the exemplary officials and employees on the agency’s upcoming 25th anniversary. What appropriate expense account shall be used by the agency to recognize the related transaction?

a)

Productivity Incentive Allowance

b)

Honoraria

c)

Awards/Rewards Expenses

d)

Prizes

6.

On a weekly basis, DepEd Division of TAPAT purchases distilled drinking water from a nearby water station for the daily consumption of its personnel. The appropriate expense account to recognize this transaction is ______________.

a)

Water Expenses

b)

Other Maintenance and Operating Expenses

c)

Food Supplies Expenses

d)

Welfare Goods Expenses

7.

The personnel of DepEd Division of TAPAT are among those who have been severely affected by the recent typhoon. As a part of its disaster response and rescue activities, the agency immediately procured and issued high-quality tents as temporary shelters. The personnel are bound to return these tents as soon as their purpose has been served. The agency also purchased canned goods, blankets, mats, kitchen utensils, flashlights and other similar items for distribution to its personnel which they need not return.

What appropriate expense account shall be used to recognize the issue of high-quality tents?

a)

Welfare Goods Expenses

b)

Semi-Expendable Machinery and Equipment Expenses

c)

Assistance to Non-Government Organizations/Civil Society Organizations

d)

Donations

8.

The personnel of DepEd Division of TAPAT are among those who have been severely affected by the recent typhoon. As a part of its disaster response and rescue activities, the agency immediately procured and issued high-quality tents as temporary shelters. The personnel are bound to return these tents as soon as their purpose has been served. The agency also purchased canned goods, blankets, mats, kitchen utensils, flashlights and other similar items for distribution to its personnel which they need not return.

What appropriate expense account shall the agency use to recognize the canned goods, blankets, mats, kitchen utensils, flashlights and other similar items?

a)

Welfare Goods Expenses

b)

Semi-Expendable Machinery and Equipment Expenses

c)

Assistance to Non-Government Organizations/Civil Society Organizations

d)

Donations

9.

Documentary stamps fees and notarial fees are some of the recurring expenses being paid by DepEd Division of TAPAT due to the usual preparation of essential legal documents. What appropriate account shall be used to recognize these expenses?

a)

Legal Services

b)

Legal Defense Expense

c)

Other Maintenance and Operating Expenses

d)

Extraordinary and Miscellaneous Expenses

10.

In view of the surge of COVID-19 cases, some of the physical offices of the DepEd Division of TAPAT were designated by the Philippine government as temporary emergency healthcare facilities in order to cater and cure COVID-19 patients with severe conditions. As part of this effort, the agency procured complete sets of hospital beds amounting to P14,000.00 per set. The agency likewise purchased venetian blinds and curtain sets for each facility amounting to P2,000.00 and P1,500.00, respectively.

What appropriate expense account shall be used to recognize the issue of complete sets of hospital beds?

a)

Medical Equipment

b)

Semi-Expendable Machinery and Equipment Expenses

c)

Assistance to Non-Government Organizations/Civil Society Organizations

d)

Donations

11.

In view of the surge of COVID-19 cases, some of the physical offices of the DepEd Division of TAPAT were designated by the Philippine government as temporary emergency healthcare facilities in order to cater and cure COVID-19 patients with severe conditions. As part of this effort, the agency procured complete sets of hospital beds amounting to P14,000.00 per set. The agency likewise purchased venetian blinds and curtain sets for each facility amounting to P2,000.00 and P1,500.00, respectively.

What appropriate expense account shall be used to recognize the issue of venetian blinds and curtain sets?

a)

Welfare Goods Expenses

b)

Semi-Expendable Machinery and Equipment Expenses

c)

Assistance to Non-Government Organizations/Civil Society Organizations

d)

Donations