WorksheetsSK Financial Statements and Other Reports Quiz Part II
Total questions: 8
Worksheet time: 3mins
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.
Bank Reconciliation Statement (BRS)
Statement of Comparison of Budget and Actual Amounts (SCBAA)
Notes to Financial Statements (NFS)
Report of Accountability for Accountable Forms
The Report of Accountability for Accountable Forms (RAAF) should be prepared by:
SK Treasurer
Budget Monitoring Officer
COA Auditor
SK Chairperson
In preparation of Bank Reconciliation Statement, the overstatement of recorded checks issued will cause the cash balance to be __________
Overstated
Understated
Either overstated or understated
Neither overstated or understated
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.
2
3
4
5
Failure on the part of the SK official concerned to submit the documents and reports mentioned herein shall automatically cause:
the suspension of SK official until he/she shall have complied with the requirements of COA
the suspension of the entire SK until they have complied with the requirements of COA
the removal of SK official concerned until he/she have complied with the requirements of COA
the suspension of payment of any amount due them until they have complied with the requirements of COA
__________ is prepared to report all requisitions and issuances of accountable forms. It is prepared quarterly by the SK Treasurer.
Report of Accountability in Accounting Forms
Report of Applied Accounts and Forms
Relief on Accounting for Accountable Forms
Report of Accountability for Accountable Forms
The __________ presents the original and final budget SK amounts and the actual SK amounts on a comparable basis. It is prepared by the __________ annually.
SBCPB; SK Treasurer
SCBAA; BMO
SSPFCPB; SK Chairperson
SCBAA; SK Treasurer
The __________ and __________ are prepared by the Budget Monitoring Officer (BMO) every quarter. These are based on Registries of Budget, Commitments, Payments and Balances (RBCPB)/ Registries of Specific Purpose Fund, Commitments, Payments and Balances (RSPFCPB), respectively.
QSRP and ASRP
RBCPB and RSPFCPB
BRS and RAAF
SBCPB and SSPFCPB
