WorksheetsE-COLLECTIONS (QUIZ 2)
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
What document does the intermediary issue for every collection made on behalf of the government entity?
a)
Charge Invoice
b)
Intermediary's Official Receipt
c)
electronic Acknowledgement Report
d)
electronic Acknowledgement Receipt
2.
The electronic AR shall be accepted to the same extent as OR supposedly issued by the government entity itself.
a)
TRUE
b)
FALSE
3.
The government entity is required to issue a separate OR to individually acknowledge each collection made through such intermediary.
a)
TRUE
b)
FALSE
4.
What reports or documents do government entity require from the intermediaries for all collections made through CAR?
a)
List of Daily Collections, Certification of Deposit, and electronic copies of OR
b)
List of Weekly Collections, Certification of Deposit, electronic copies of AR
c)
List of Daily Collections, Certification of Deposit, and electronic copies of AR
d)
List of Weekly Collections, Certification of Deposit, electronic copies of OR
5.
The government entity may not require the submission of the bond before intermediary be allowed to start collecting on its behalf.
a)
TRUE
b)
FALSE
6.
The government entity, using its own front-end system for online collection, shall immediately issue eOR to acknowledge every transaction.
a)
TRUE
b)
FALSE
7.
For face-to-face collection, the validated deposit slip is not required to be presented to the collecting officer if the payment from the client was made through the bank and has already been credited to the government entity’s account.
a)
TRUE
b)
FALSE
8.
For all collections made through the SCC payment scheme and the funds have not yet been deposited into the appropriate AGDB account, which of the following reports must the agency prepare?
a)
Report of e-Collections and Deposits
b)
Report of Daily Collection Directly Deposited to the Agency’s Bank Account
9.
For collections directly credited to the appropriate AGDB account, the authorized cash/treasury personnel shall confirm the deposit, which shall be the basis for preparing the Report of Daily Collection Directly Deposited to the Agency’s Bank Account.
a)
TRUE
b)
FALSE
10.
Matatag Agency contracted Intermediary B to collect permit fees. All the fees collected were credited first to Intermediary B’s bank account, then deposited to Matatag Agency's bank account the next day. What type of e-collection scheme is this?
a)
Collect Aggregate Remit (CAR)
b)
Self-Collect Credit (SCC)
100 %
