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67% found this document useful [3 votes]
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Module 4 Part 1 Quiz
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MODULE 4 PART 1 QUIZ
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TrueQ14. According to the RCA, the “Subsidy from National Government” account is a/anRevenue accountQ15. Expenditures to acquire long-term assets are classified asCapital outlaysQ16. Which of the following accounts is credited when the government entity remits contributions to the GSIS, PhilHealth, and PAG-IBIG?Cash - Modified Disbursement System [MDS], RegularQ17.In MNOP’s first quarter Statement of Appropriations, Allotments, Obligations, Disbursements and Balances, how much is shown as“unpaid obligations”?P2BQ18. “Advances for Payroll” is a/anAsset accountQ19. Which of the following is recorded in the ORS?Entering into employment contracts with employeesQ20. The account “Personal Economic Relief Allowance [PERA]” is a/anPersonnel services accountQ21. This event is recorded in the books of accounts.Closing entriesQ22. The “Subsidy from National Government” account is debited when recordingReversion of unused NCAQ23. The GAM for NGAs requires the Collecting Officer to issue an official receipt to acknowledge the receipt of the NCA.
FalseQ24. The receipt of an appropriation is recorded by a government entity in theRAPALQ25. Which of the following is not a form of disbursement authority?AllotmentQ26.The P60B authorization is referred to asAllotmentQ27. Which of the following accounts is debited when the government entity remits its collections to the National Treasury?Cash - Treasury/Agency Deposit, RegularQ28. Which of the following is charged with the responsibility of keeping the general accounts and related documents of thegovernment?Commission on AuditQ29. Which of the following is credited when a government entity receives the NCA?Subsidy from National GovernmentQ30.In MNOP’s first quarter Statement of Appropriations, Allotments, Obligations, Disbursements and Balances, how much is shown as“unobligated allotments”?P5BQ31. Obligation recorded in the registries but not yet in the accounting books are referred to asNot yet due and demandableQ32. The entry to record the receipt of NCA by a government entity includes a debit toCash-Modified Disbursement System [MDS], RegularQ33.
In MNOP’s first quarter Statement of Appropriations, Allotments, Obligations, Disbursements and Balances, how much is shown as“unreleased appropriations”?P180BQ34. At the end of each year, an adjustment is made to revert any unused NCA of a government entity.TrueQ35. Both the ORS and RAOD are updated each time an obligation is incurred, a payable is recorded for the obligation incurred, anddisbursements are made to settle the recorded payable.TrueQ36. The 8-digit Revised Chart of Accounts [RCA] Code for the account “Subsidy from National Government” starts with number4Q37. The receipt of NCA is recorded in theRANCAQ38. The 8-digit RCA code for expenses starts with number5Q39. Technically, only the Journals and ledgers are considered accounting records and the Registries are budget records.