GOVERNMENT ACCOUNTING PROCESS
Q1. A check disbursement is normally recorded as a credit to the “Cash - Modified Disbursement System (MDS),
Regular” account.
True
Q2. According to the GAM for NGAs, the Registries are (choose the incorrect statement)
Maintained by the accounting unit of a government entity
Q3. The receipt of allotment is recorded in the
RAPAL and RAOD
Q4. Which of the following accounts is most likely credited when a government entity remits its collections to the
National Treasury?
Cash - Collecting Officer
Q5. A disbursement authority issued by the DBM to DFA and DOLE to utilize their income collected/retained by
the foreign service posts to cover their operating requirements, but not to exceed the released allotment to the said
post.
CDC
Q6. Both the ORS and RAOD are updated each time an obligation is incurred, a payable is recorded for the
obligation incurred, and disbursements are made to settle the recorded payables.
True
Q7. Entity A, a government entity, made disbursements for the travelling expenses of its personnel. This is classified
as
Maintenance and other operating expenses
Q8. The remittance of amount withheld to the other government agencies, such as the BIR, BOC, GSIS, PhilHealth,
and PAG-IBIG is done through the TRA.
False
Q9. The receipt of an allotment is recorded by a government entity in the
RAOD and RAPAL
Q10. Which of the following records is technically not considered an accounting book?
Registry of Appropriations and Allotments
Q11. Which of the following is (are) affected when a government entity makes disbursements to settle recorded
obligations?
All of these
Q12. The entry to record the reversion of unused NCA at the end of the period is the exact opposite of the entry to
record the receipt of NCA.
True
Q13. The various registries maintained by government entities primarily serve as internal control for controlling and
monitoring the conformance of actual results with the approved budget.
True
Q14. According to the RCA, the “Subsidy from National Government” account is a/an
Revenue account
Q15. Expenditures to acquire long-term assets are classified as
Capital outlays
Q16. 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), Regular
Q17.
In MNOP’s first quarter Statement of Appropriations, Allotments, Obligations, Disbursements and Balances, how
much is shown as “unpaid obligations”?
P2B
Q18. “Advances for Payroll” is a/an
Asset account
Q19. Which of the following is recorded in the ORS?
Entering into employment contracts with employees
Q20. The account “Personal Economic Relief Allowance (PERA)” is a/an
Personnel services account
Q21. This event is recorded in the books of accounts.
Closing entries
Q22. The “Subsidy from National Government” account is debited when recording
Reversion of unused NCA
Q23. The GAM for NGAs requires the Collecting Officer to issue an official receipt to acknowledge the receipt of
the NCA.
False
Q24. The receipt of an appropriation is recorded by a government entity in the
RAPAL
Q25. Which of the following is not a form of disbursement authority?
Allotment
Q26.
The P60B authorization is referred to as
Allotment
Q27. Which of the following accounts is debited when the government entity remits its collections to the National
Treasury?
Cash - Treasury/Agency Deposit, Regular
Q28. Which of the following is charged with the responsibility of keeping the general accounts and related
documents of the government?
Commission on Audit
Q29. Which of the following is credited when a government entity receives the NCA?
Subsidy from National Government
Q30.
In MNOP’s first quarter Statement of Appropriations, Allotments, Obligations, Disbursements and Balances, how
much is shown as “unobligated allotments”?
P5B
Q31. Obligation recorded in the registries but not yet in the accounting books are referred to as
Not yet due and demandable
Q32. The entry to record the receipt of NCA by a government entity includes a debit to
Cash-Modified Disbursement System (MDS), Regular
Q33.
In MNOP’s first quarter Statement of Appropriations, Allotments, Obligations, Disbursements and Balances, how
much is shown as “unreleased appropriations”?
P180B
Q34. At the end of each year, an adjustment is made to revert any unused NCA of a government entity.
True
Q35. Both the ORS and RAOD are updated each time an obligation is incurred, a payable is recorded for the
obligation incurred, and disbursements are made to settle the recorded payable.
True
Q36. The 8-digit Revised Chart of Accounts (RCA) Code for the account “Subsidy from National Government”
starts with number
4
Q37. The receipt of NCA is recorded in the
RANCA
Q38. The 8-digit RCA code for expenses starts with number
5
Q39. Technically, only the Journals and ledgers are considered accounting records and the Registries are budget
records.
True
Q40. The various registries maintained by government entities are technically considered as
Budget records
Q41. A journal entry with a credit to “Cash - Modified Disbursement System (MDS), Regular” account is recorded
in the
Check disbursements journal
Q42. Which of the following accounts is credited when the government entity remits taxes withheld to BIR?
Cash – Tax Remittance Advice
Q43. Government entities and business entities use the term obligation or the phrase “incurrence of obligation”
similarly.
False
Q44. The incurrence of an obligation for future delivery or performance by the obligee is recorded by a government
in the
RAOD and ORS
Q45. This is used to recognize the constructive remittance of taxes withheld.
TRA
Q46. This type of expenditure pertains to all types of employee benefits.
Personnel services
Q47. Separate accounting records and budget registries are maintained for each fund cluster.
True
Q48.
The P240B allocation is referred to as
Appropriation
Q49. Which of the following is (are) affected when a government entity incurs obligations?
ORS and RAOD
Q50. The RAOD is maintained by the
Budget division of agencies
Q51. In reference to the government accounting cycle, a government entity can incur obligations after receiving
Allotment