Page |1
FI
RSTGRADI
NG EXAMI
NATI
ON
1. Whati
st
hel
egalbasi
soft
heCOAi
npr
omul
gat
i
ngt
heGAM f
orNGAs?
a. Revi
sedPenalCode,Ar
t
.217
b. St
at
eAudi
tCodeoft
hePhi
l
i
ppi
nes,P.
D.No.1445,Sec.109
c. Ar
t
i
cl
eI
XD,Sec
t
i
on2par
.(
2)oft
he1987Cons
t
i
t
ut
i
onoft
heRepubl
i
coft
he
Phi
l
i
ppi
ne
s
d. R.
A.9298
2. TheGAM f
orNGAsai
mst
oupdat
eal
loft
hef
ol
l
owi
nge
xc
ept
a. s
t
andar
ds
,pol
i
ci
e
s
,gui
de
l
i
nesandpr
ocedur
esi
nacc
ount
i
ngf
orgov
er
nme
ntf
undsand
pr
ope
r
t
y
b. c
odi
ngs
t
r
uc
t
ur
eandacc
ount
s
c
. ac
count
i
ngbooks
,r
egi
s
t
r
i
e
s
,r
ec
or
ds,f
or
ms,r
epor
t
sandfinanci
als
t
at
e
ment
s
d. r
ul
esandr
e
gul
at
i
onsr
egar
di
ngt
hefil
i
ngandpayme
ntoft
axesbygov
e
r
nment
empl
oyees
3. Whi
c
hoft
hef
ol
l
owi
ngi
soneoft
heFundament
alPr
i
nci
pl
e
sf
orRev
enueundert
heGAM f
or
NGAs
?
a. Nopayme
ntofanynat
ur
eshal
lber
ecei
v
e
d byac
ol
l
ect
i
ngoffic
erwi
t
houti
mmedi
at
e
l
y
i
ssui
nganoffic
i
alr
ec
ei
pti
nacknowl
edgementt
her
eof
.Ther
ec
ei
ptmaybei
nt
hef
or
m of
pos
t
age,i
nt
er
nalr
ev
enue or document
ar
ys
t
amps and t
he l
i
ke
,offici
al
l
y number
ed
r
ecei
pt
s,subj
e
c
tt
opr
opercus
t
ody
,acc
ount
abi
l
i
t
y
,andaudi
t
.
b. Tempor
ar
yr
ec
ei
pt
smaybei
s
sue
dt
oac
knowl
e
dget
her
ec
ei
ptofpubl
i
cf
unds;pr
ovi
ded
t
hat
,an offici
alr
ecei
pti
si
ssuedwi
t
hi
n ashor
tpe
r
i
odoft
i
measmaybepr
escr
i
bedby
t
heCOA.
c
. Moneyi
nt
hehandsoft
heCol
l
ec
t
i
ngOffic
ermaybeut
i
l
i
z
e
df
ort
hepur
poseofcashi
ng
pr
i
v
at
ec
hecks,upon pr
operendor
sementand i
dent
i
ficat
i
on oft
hepayeeorendor
see
.
Chec
ksdr
awn i
nf
av
oroft
hegov
er
nmenti
n payme
ntofany s
uc
hi
nde
bt
e
dne
ssshal
l
l
i
ke
wi
s
ebeac
cept
edbyt
heofficerc
onc
er
ned.
d. Al
loft
hese
4. Whi
c
hoft
hef
ol
l
owi
ngi
snotoneoft
heFundament
alPr
i
nci
pl
e
sf
orDi
sbur
sementofPubl
i
c
Fundsundert
heGAM f
orNGAs
?
a. Nomone
yshal
lbepai
doutofanypubl
i
ct
r
e
asur
yordeposi
t
or
ye
xc
epti
npur
suanceof
anappr
opr
i
at
i
onl
aw orot
hers
peci
ficst
at
ut
or
yaut
hor
i
t
y
.
b. Gov
er
nmentf
undsorpr
oper
t
ys
hal
lbespentorus
edsol
e
l
yf
orpubl
i
cpur
pose
s.
c
. Tr
us
tf
undsshal
lbeav
ai
l
abl
eandmaybes
pentonl
yf
ort
hes
peci
ficpur
posef
orwhi
c
h
t
het
r
us
twascr
eat
edort
hef
undsr
ecei
ved.
d. Fi
scalr
e
sponsi
bi
l
i
t
yshal
l
,t
ot
hegr
eat
e
ste
xt
ent
,beassumedsol
e
l
ybyt
heHeadoft
he
gov
e
r
nmentagency
.
5. Whi
c
hoft
hef
ol
l
owi
ngs
t
at
ement
si
si
nc
or
r
ec
tr
e
gar
di
ngt
heGAM f
orNGAs
?
a. TheCOA s
hal
lkeep t
hegener
alaccount
soft
heGover
nmentand,f
ors
uc
h pe
r
i
od as
maybepr
ovi
dedbyl
aw,pr
eser
v
et
hev
ouc
her
sandot
hersuppor
t
i
ngpaper
sper
t
ai
ni
ng
t
her
e
t
o,pur
suantt
oSect
i
on2,par
.(
1)
,Ar
t
i
cl
eI
XD oft
he1987Phi
l
i
ppi
neCons
t
i
t
ut
i
on.
b. The financi
alr
epor
t
i
ng sys
t
em oft
he Phi
l
i
ppi
ne gov
er
nmentc
onsi
s
t
s ofaccount
i
ng
sys
t
e
m on accr
ualbasi
s and budge
tr
epor
t
i
ng sys
t
em on budget basi
s under t
he
s
t
at
ut
or
yr
e
sponsi
bi
l
i
t
y oft
he NGAs
,Bur
eau oft
he Tr
easur
y(
BTr
)
,De
par
t
mentof
BudgetandManagement(
DBM)
,andt
heCOA.
c
. The obj
ec
t
i
v
es of gener
al pur
pose financi
al s
t
at
ement
s (
GPFSs) ar
e t
o pr
ovi
de
i
nf
or
mat
i
on aboutt
hefinanci
alposi
t
i
on,financi
alper
f
or
manc
e,and cash flowsofan
Page |2
ent
i
t
yt
hati
sus
e
f
ult
oawi
der
angeofuser
si
n maki
ngande
val
uat
i
ngdeci
s
i
onsabout
t
he al
l
ocat
i
on ofr
e
sour
ces
.Speci
fical
l
y
,t
he obj
e
c
t
i
ve
s ofgener
alpur
pose financi
al
r
epor
t
i
ngi
nt
hepubl
i
csec
t
orar
et
opr
ovi
dei
nf
or
mat
i
onus
ef
ulf
ordeci
si
onmaki
ng,and
t
odemons
t
r
at
et
heac
count
abi
l
i
t
yoft
heent
i
t
yf
ort
her
e
sour
cesent
r
us
t
edt
oi
t
.
d. TheDBM account
sf
ort
hecash,publ
i
cde
btandr
e
l
at
edt
r
ansac
t
i
onsoft
heNG.
6. Ent
i
t
yA,a g
ov
er
nmente
nt
i
t
y
,hasan unused NCA of₱50,
000 att
hee
nd oft
hec
ur
r
ent
y
ear
.Theent
r
yt
or
ec
or
dt
her
ev
er
si
onofunusedNCAi
s
a.
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
CashModi
fiedDi
sbur
sement
50,
000
Sys
t
em (
MDS)
,Re
gul
ar
50,
000
b.
Acc
umul
at
edSur
pl
us/(
Defici
t
)
50,
000
CashTr
e
asur
y/AgencyDeposi
t
,
Regul
ar
50,
000
c
.
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
50,
000
CashCol
l
ec
t
i
ngOfficer
s
50,
000
d.
Noj
our
nalent
r
y
.
7. Whi
c
hoft
hef
ol
l
owi
ngi
snotoneoft
her
e
gi
st
r
i
esmai
nt
ai
nedbyagov
er
nmentent
i
t
y?
a. Regi
s
t
r
i
e
sofJour
nal
sandLedger
s
b. Regi
s
t
r
yofAppr
opr
i
at
i
onsandAl
l
ot
ment
s
c
. Regi
s
t
r
i
e
sofAl
l
ot
ment
s
,Obl
i
g
at
i
onsandDi
sbur
sement
s
d. Regi
s
t
r
i
e
sofBudge
t
,Ut
i
l
i
z
at
i
onandDi
s
bur
sement
s
e
. Al
loft
he
sear
emai
nt
ai
nedbyagov
er
nmentent
i
t
y
8. Thi
s account
i
ng c
oncepti
snecessar
ys
ot
hatuser
sc
an us
ei
nf
or
mat
i
on i
nt
he financi
al
s
t
at
ement
si
n not
i
ngdi
ffer
encesand si
mi
l
ar
i
t
i
e
sbe
t
ween t
hosei
nf
or
mat
i
on pr
esent
edand
i
nf
or
mat
i
onf
r
om ot
hersour
c
est
hatt
heusermayhav
e
.
a. Fi
nanci
alst
at
ementanal
ysi
sandr
at
i
os
b. Under
st
andabi
l
i
t
y
c
. Compar
abi
l
i
t
y
d. Feedbac
kv
al
ueorconfir
mat
or
yv
al
ue
9. Whi
c
h oft
he f
ol
l
owi
ng s
t
at
ement
si
s cor
r
ec
tr
e
gar
di
ng t
he Fundament
alPr
i
nc
i
pl
es f
or
Di
sbur
sementofPubl
i
cFundsunderP.D. No. 1445?
a. No money shal
lbe pai
d outofany publ
i
ct
r
easur
y ordeposi
t
or
ye
xc
eptt
hr
ough t
he
i
ssuanc
eofModi
fiedDi
sbur
sementSy
s
t
em Checks.
b. Gener
al
l
y ac
cept
ed pr
i
nci
pl
es and pr
ac
t
i
ces of acc
ount
i
ng as we
l
l as of sound
managementandfis
caladmi
ni
s
t
r
at
i
ons
hal
lbeobser
v
edandshal
lbepr
esumedt
ohav
e
hi
gheraut
hor
i
t
yi
ncaseswher
et
hesepr
i
nci
pl
e
sconfli
c
twi
t
ht
hel
aw.
c
. Tr
us
tf
undsshal
lbeav
ai
l
abl
eandmaybes
pentonl
yf
ort
hes
peci
ficpur
posef
orwhi
c
h
t
het
r
us
twascr
eat
edort
hef
undsr
ecei
ved.
d. Al
ldi
s
bur
sement
sordi
s
posi
t
i
onsofgov
er
nmentf
undsorpr
oper
t
yshal
li
nv
ar
i
abl
ybear
t
heappr
ovaloft
heCOA.
10.Dur
i
ng t
he per
i
od,Ent
i
t
y A,a gov
er
nment ent
i
t
y
,wi
t
hhe
l
d ₱100,
000 t
axes f
r
om i
t
s
payment
st
o empl
oyees and suppl
i
er
s.On Sept
ember 14 oft
he cur
r
e
nty
ear
,Ent
i
t
yA
r
emi
t
t
edt
het
axeswi
t
hhe
l
dt
ot
heBI
Rt
hr
oughTaxRemi
t
t
anc
eAdvi
c
e
.Theent
r
yt
or
ecor
d
t
her
emi
t
t
ancei
nc
l
udes
a.
CashTaxRe
mi
t
t
anceAdvi
ce
100,
000
Duet
oBI
R
100,
000
b.
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
100,
000
CashTaxRe
mi
t
t
anceAdvi
ce
100,
000
Page |3
c
.
d.
aandb
Noneoft
hese
.
11.Whi
c
h of t
he f
ol
l
owi
ng pr
i
nci
pl
e
si
s not i
n acc
or
dance wi
t
h t
he Basi
c Go
ver
nment
Ac
c
ount
i
ngandBudge
tRepor
t
i
ngPr
i
nc
i
pl
esundert
heGAM f
orNGAs
?
a. modi
fiedaccr
ualbasi
sofacc
ount
i
ngi
nac
cor
dancewi
t
ht
hePPSAS
b. budgetbasi
sf
orpr
e
sent
at
i
onofbudge
ti
nf
or
mat
i
oni
nt
hefinanci
als
t
at
ement
s(
FSs)i
n
accor
dancewi
t
hPPSAS24
c
. RCApr
escr
i
bedbyCOA
d. financi
als
t
at
ement
sbasedonbot
hac
count
i
ngandbudget
ar
yr
ec
or
ds
e
.f
undc
l
ust
eracc
ount
i
ng
12.The“
Cash –Tr
easur
y/AgencyDeposi
t
,Re
gul
ar
”accounti
susedi
n whi
c
h oft
hef
ol
l
owi
ng
t
r
ansac
t
i
ons
?
a. Col
l
ec
t
i
ons f
r
om cus
t
omer
s ar
e made t
hr
ough di
r
ec
tdeposi
ti
nt
he e
nt
i
t
y’
s acc
ount
mai
nt
ai
nedwi
t
haGov
er
nmentSe
r
vi
c
i
ngBank(
GSB)
.
b. Taxeswi
t
hhe
l
dar
er
emi
t
t
edt
ot
heBI
R.
c
. Adi
s
bur
sementaut
hor
i
t
yi
nt
hef
or
m ofCashDi
sbur
sementCei
l
i
ngi
sr
ec
ei
v
ed.
d. Col
l
ec
t
i
onsofr
evenuear
er
emi
t
t
edt
ot
heBTr
.
13.TheNGAsar
er
e
sponsi
bl
ef
or
a. pr
omul
g
at
i
ngaccount
i
ngandaudi
t
i
ngr
ul
esandr
egul
at
i
ons.
b. i
mpl
e
ment
i
ngt
henat
i
onalbudge
twi
t
ht
hegoalofat
t
ai
ni
ngt
henat
i
on’
ssoci
oeconomi
c
obj
e
ct
i
v
es
.
c
.r
ecei
vi
ngandkeepi
ngnat
i
onalf
undsandmanagi
ngandc
ont
r
ol
l
i
ngt
hedi
sbur
sement
s
t
her
eof
.
d. di
r
ec
t
l
yi
mpl
e
ment
i
ng t
he pr
oj
ec
t
s of
,and per
f
or
mi
ng t
hef
unct
i
ons de
l
e
gat
ed by
,t
he
gov
e
r
nment
.
14.The r
ec
ei
ptofa di
s
bur
sementaut
hor
i
t
yi
nt
he f
or
m ofNonCash Av
ai
l
mentAut
hor
i
t
y
(
NCAA)i
sde
bi
t
edt
owhi
c
hoft
hef
ol
l
owi
ngaccount
s
?
a. CashCons
t
r
uc
t
i
v
eI
ncomeRe
mi
t
t
ance
b. CashModi
fiedDi
s
bur
sementSyst
e
m(
MDS)
,Regul
ar
c
. Acc
ount
sPayabl
e
d. Subsi
dyf
r
om Nat
i
onalGov
er
nment
15.Whi
c
hoft
hef
ol
l
owi
ngev
ent
sort
r
ansact
i
onsr
equi
r
e
sr
ecor
di
ngi
nt
hebooksofac
count
sof
agov
er
nmentent
i
t
y?
a. Appr
opr
i
at
i
on
b. Al
l
ot
ment
c
. Di
s
bur
sementAut
hor
i
t
y
d. I
ncur
r
enceofObl
i
gat
i
on
e
. Noneoft
he
se
16.Noj
our
nale
nt
r
yi
smadef
ort
her
ecei
ptoft
hi
st
ypeofdi
s
bur
sementaut
hor
i
t
y
.
a. NCA
b. NCAA
c
. CDC
d. Noneoft
hese
.
17.Thebasi
sofac
count
i
ngr
equi
r
edbyt
heGAM f
orNGAsi
s
a. Budge
tbasi
s
b. Modi
fiedaccr
ualbasi
s
Page |4
c. Cashbasi
s
d. Accr
ualbasi
s
18.ThePr
e
si
dent
’
sexpl
anat
i
onoft
hec
ount
r
y’
sfiscalpol
i
cyandbudgetpr
i
or
i
t
i
e
si
sc
ont
ai
ned
i
nadoc
umentcal
l
edt
he
a. Nat
i
onalExpendi
t
ur
ePr
ogr
am
b. Pr
e
si
dent
’
sBudge
tMe
ssage
c
. Pr
e
si
dent
’
sFi
s
calPol
i
cyandPr
i
or
i
t
i
e
s
d. BudgetofExpendi
t
ur
e
sandSour
cesofFi
nanci
ng
19.Af
t
ert
hei
ncur
r
enceofobl
i
gat
i
ons
,t
henexts
t
epi
nt
hebudge
tcyc
l
ei
s
a. Al
l
ot
ment
b. Di
s
bur
sement
c
. Appr
opr
i
at
i
on
d. Di
s
bur
sementaut
hor
i
t
y
20.I
ti
st
he e
xpendi
t
ur
e aut
hor
i
t
y der
i
v
ed f
r
om appr
opr
i
at
i
on l
aws,g
ov
er
nmentor
di
nances
,
andot
herdeci
s
i
onsr
e
l
at
edt
ot
heant
i
ci
pat
e
dr
evenueorr
ecei
pt
sf
ort
hebudget
ar
yper
i
od.
a. Not
i
ceofCashAl
l
ocat
i
on
b. Al
l
ot
ment
c
. Appr
ov
e
dBudget
d. Gener
alAppr
opr
i
at
i
onsBi
l
l
21.Af
t
ert
hebudgetcal
l
,budge
thear
i
ngs ar
emadewher
e
by agenci
e
sde
f
e
nd t
hei
rpr
oposed
pr
ogr
amsandexpendi
t
ur
e
sf
ort
heupcomi
ngy
earbe
f
or
et
he
a. COA
b. DBM
c
. Congr
ess
d. BTr
22.Under r
es
ponsi
bi
l
i
t
y account
i
ng,a c
os
ti
sc
onsi
der
ed cont
r
ol
l
abl
e at a gi
v
en l
ev
elof
manager
i
alr
e
s
ponsi
bi
l
i
t
yi
f
a. t
hemanagerhast
hepowert
oi
ncuri
twi
t
hi
nagi
venper
i
odoft
i
me.
b. t
he c
ost i
s nonr
e
cur
r
i
ng,can be measur
ed wi
t
h suffici
ent r
e
l
i
abi
l
i
t
y and i
s not
i
mmat
er
i
al
c
.t
hecos
ti
safixedcos
t
,sucht
hati
t
si
ncur
r
enc
ei
sr
easonabl
ycer
t
ai
n.
d. al
loft
he
se
.
23.Noj
our
nale
nt
r
yi
smadef
oradi
s
bur
sementundert
hi
smodeofdi
sbur
sement
.
a. LDDAPADA
b. CPC
c
. eMDS
d. Noneoft
hese
24.Ent
i
t
yA,agov
er
nme
ntent
i
t
y
,hadt
hef
ol
l
owi
ngt
r
ansact
i
onsdur
i
ngt
heper
i
od:
 Recei
vedNot
i
c
eofCashAl
l
ocat
i
on(
NCA)amount
i
ngt
o₱430,
000.
 Ear
nedt
ot
alr
evenueof₱40,
000f
r
om bi
l
l
i
ngsandc
ol
l
ect
i
onsofunbi
l
l
e
di
nc
ome.
 I
ncur
r
edt
ot
ale
xpensesof₱240,
000.
 Remi
t
t
ed t
ot
alt
axe
s wi
t
hhe
l
d of₱37,
000 t
ot
he BI
Rt
hr
ough Tax Remi
t
t
ance Advi
c
e
(
TRA)
.
 The“
CashModi
fied Di
sbur
sementSy
s
t
em (
MDS)
,Re
gul
ar
”hasan unused bal
anceof
₱52,
000att
heendoft
heper
i
od.
Page |5
How muc
hi
st
hesur
pl
us(
defici
t
)f
ort
heper
i
od?
a. 230,
000
b. 215,
000
c
.(
200,
000)
d. 178,
000
Sol
ut
i
on:
Rev
enue
40,
000
Expenses
(
240,
000)
(
200,
000
Sur
pl
us(
Defici
t
)f
r
om oper
at
i
ons )
Subsi
dyf
r
om NG (
NCA)
430,
000
Subsi
dyf
r
om NG (
TRA)
37,
000
Unus
edNCA
(
52,
000)
NetFi
nanci
alAssi
st
ance/Subsi
dy 415,
000
Sur
pl
us(
Defici
t
)f
ort
heper
i
od
215,
000
25.Thee
nt
r
yt
or
ec
or
dt
hegr
ant
i
ngofcashadvanc
ef
orpayr
ol
lf
undi
s
xxx
a.
Sal
ar
i
esandWages
,Re
gul
ar
xxx
Per
sonalEc
onomi
cRe
l
i
e
fAl
l
owance(
PERA)
Duet
oBI
R
Duet
oGSI
S
Duet
oPagI
BI
G
Duet
oPhi
l
Heal
t
h
Duet
oOfficer
sandEmpl
oyee
s
b. Advance
sf
orPayr
ol
l
xxx
CashModi
fiedDi
s
bur
sement
Sys
t
em (
MDS)
,Re
gul
ar
c
.
Duet
oOfficer
sandEmpl
oy
ees
xxx
Advance
sf
orPayr
ol
l
d. CashCol
l
ec
t
i
ngOffic
er
s
xxx
Advance
sf
orPayr
ol
l
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
26.Whi
c
h oft
hef
ol
l
owi
ngt
r
ansac
t
i
onsi
snotr
ec
or
dedt
hr
ough acr
edi
tt
ot
he“
CashModi
fied
Di
s
bur
sementSyst
e
m(
MDS)
,Regul
ar
”acc
ount
?
a. Rev
er
si
onofunusedNCAatt
heendoft
heper
i
od.
b. Paymentofaccount
spayabl
ewher
ei
nt
het
axpor
t
i
oni
swi
t
hhe
l
d.
c
. Gr
ant
i
ngofcashadvancef
orpayr
ol
l
.
d. Cons
t
r
uc
t
i
v
er
emi
t
t
anc
eoft
axe
swi
t
hhe
l
dt
ot
heBI
R.
27.Whi
c
h oft
he f
ol
l
owi
ng s
t
at
ement
s bes
tdi
ffer
ent
i
at
e
st
he gov
e
r
nmentacc
ount
i
ng pr
oc
ess
f
r
om t
heaccount
i
ngpr
ocessofabus
i
ne
ssent
i
t
y?
a. Thegov
er
nmentaccount
i
ngpr
oce
ssi
nv
ol
v
e
snumer
ouscompl
i
cat
eds
t
epsorpr
oc
edur
e
s
t
hatar
ebey
ondt
heunder
s
t
andi
ngofamer
eJPI
Amember
,butnotf
oraCPA.
b. The gov
er
nment account
i
ng pr
oce
ss i
nvol
ve
s pr
ocedur
es t
hat ar
e not gener
al
l
y
accept
abl
ef
orbusi
nessent
i
t
i
es
.
c
. Thegov
er
nmentacc
ount
i
ngpr
oc
essi
ssi
mi
l
art
ot
hatofabus
i
nessent
i
t
y
,exc
eptt
hati
t
i
ncor
por
at
e
s budget
ar
yc
ont
r
ol
s
, suc
h as r
ec
or
di
ng i
n t
he budget r
egi
s
t
r
i
e
s and
pr
epar
i
ngper
i
odi
cbudge
tacc
ount
abi
l
i
t
yr
epor
t
s.
Page |6
d. Unl
i
kef
ort
heaccount
i
ngpr
oc
essofbusi
nessent
i
t
i
eswhi
c
he
ndsi
nt
hepr
epar
at
i
on of
gener
alpur
posefinanci
als
t
at
ement
s
,t
heg
ov
er
nmentacc
ount
i
ngpr
oce
sse
ndswi
t
ht
he
audi
tbyt
heCOA.
28.Thi
sr
epor
t
,r
equi
r
ed ofgov
er
nmentent
i
t
i
e
s,showst
he namesofc
r
edi
t
or
s,t
he amount
s
owed t
ot
hem,and t
he numberofdays t
hese obl
i
g
at
i
ons ar
e out
s
t
andi
ng.Thi
sr
epor
ti
s
submi
t
t
edt
ot
heCOAandDBM wi
t
hi
n30daysaf
t
ert
heendoft
heyear
.
a. Li
stofNotYe
tDueandDemandabl
eObl
i
g
at
i
ons
b. Agi
ngofDueandDemandabl
eObl
i
g
at
i
ons
c
. Per
cent
ageofObl
i
gat
i
onsRe
por
t
d. Repor
tonAl
l
ot
ment
s
,Obl
i
g
at
i
onsandDi
s
bur
sement
s
29.Undert
hi
sappr
oac
ht
o budge
t
i
ng,sev
er
alpar
t
i
e
s par
t
i
c
i
pat
ei
nt
he budge
tpr
epar
at
i
on,
s
t
ar
t
i
ngf
r
om t
hel
owe
stl
ev
e
l
soft
hegov
er
nme
ntupt
ot
hehi
ghes
tl
e
v
el
s.
a. Bot
t
omsupbudge
t
i
ng
b. Zer
obasedbudget
i
ng
c
.I
ncr
ement
albudge
t
i
ng
d. Bot
t
omupbudge
t
i
ng
30.A gov
er
nmentent
i
t
yr
ec
ogni
z
esr
ev
enuef
r
om e
xc
hangeornone
xc
hange t
r
ansac
t
i
ons.I
n
whi
c
hoft
hef
ol
l
owi
ngt
r
ansac
t
i
onsdoe
sagov
er
nmentent
i
t
yneednotr
ec
ogni
z
er
ev
enue
?
a. Exc
hangeofgoodsorser
vi
cesofdi
s
si
mi
l
arnat
ur
eandval
ue
.
b. Recei
ptofanuncondi
t
i
onalgr
antf
r
om af
or
ei
gngov
er
nment
.
c
. Recei
ptofequi
pmentasdonat
i
onf
r
om agoodhear
t
ed,pr
i
v
at
ei
ndi
vi
dual
.
d. Recei
ptofapl
edge
.
31.A gov
er
nmentent
i
t
yr
emi
t
t
i
ngcol
l
ec
t
i
onst
ot
heBTrwi
l
lde
bi
tt
hi
sac
countt
or
ecor
dt
he
r
emi
t
t
ance
.
a. CashTr
easur
y/Ag
encyDeposi
t
,Re
gul
ar
b. Cash–Col
l
e
ct
i
ngOfficer
s
c
. CashModi
fiedDi
sbur
sementSy
s
t
em (
MDS)
,Re
gul
ar
d. Subsi
dyf
r
om Nat
i
onalGov
er
nment
32.Ac
cor
di
ngt
oP.
D.1445,gov
er
nmentent
i
t
i
e
ss
hal
lac
knowl
edger
ecei
pt
sofr
ev
enue
a. t
hr
ought
empor
ar
yr
ec
ei
pt
s;pr
ovi
dedapr
i
orappr
ov
albyCOAi
sobt
ai
ned.
b. t
hr
ought
hei
ssuanceofpr
oper
l
yendor
sedc
hecks.
c
.t
hr
oughdupl
i
cat
ec
opi
e
swhi
c
hshal
lnotbet
heexac
tc
opi
e
soft
heor
i
gi
nal
.
d. t
hr
oughpr
enumber
edoffici
alr
ecei
pt
s.
33.I
tr
e
f
e
r
st
oaf
und whi
ch i
sav
ai
l
abl
ef
oranypur
poseot
hert
han t
hosewhi
c
h ot
herf
unds
hav
ebeendesi
gnat
edt
o
a. Gener
alf
und
b. Maj
orf
und
c
. Regul
arf
und
d. Al
l
pur
posef
und
34.Theser
e
f
ert
ot
r
ansact
i
onsi
nwhi
choneent
i
t
yr
ecei
v
e
sasse
t
sorser
vi
c
e
s,orhasl
i
abi
l
i
t
i
es
e
xt
i
ngui
s
hed,anddi
r
ec
t
l
ygi
v
esappr
oxi
mat
e
l
yequalv
al
uet
oanot
herent
i
t
yi
nexc
hange
.
a. Exc
hanget
r
ansact
i
ons
b. None
xc
hanget
r
ansac
t
i
ons
c
. Nonr
eci
pr
ocalt
r
ansac
t
i
ons
d. Ext
er
nale
v
ent
sot
hert
hant
r
ans
f
e
r
s
35.Thi
sr
e
f
er
st
oc
har
ge
sf
ort
heuseofcashorcashe
qui
val
ent
s
,oramount
sduet
ot
heent
i
t
y
.
Page |7
a. Fi
nanci
alexpense
s
b. Per
sonnelser
vi
c
e
s
c
.I
nt
er
es
ti
nc
ome
d. Capi
t
alout
l
ays
36.A gov
er
nmentent
i
t
yr
ecor
dsat
r
ansact
i
on bydebi
t
i
ngan accountwi
t
h aRe
vi
sed Char
tof
Acc
ount(
RCA)Codet
hats
t
ar
t
swi
t
h“
1”and cr
edi
t
i
ngan accountwi
t
h an RCA Codet
hat
s
t
ar
t
swi
t
h“
4.
”Thi
st
r
ansac
t
i
oni
smostl
i
ke
l
ya
a. c
ons
t
r
uc
t
i
v
er
emi
t
t
anceoft
axe
swi
t
hhel
dt
ot
heBI
Rt
hr
oughTRA.
b. r
emi
t
t
anc
eofc
ol
l
ec
t
i
ont
ot
heNat
i
onalTr
easur
y
.
c
. paymentofacc
ount
spayabl
e
.
d. r
ecei
ptofi
nt
er
agencyf
undt
r
ans
f
e
r
.
37.Whi
c
h of t
he f
ol
l
owi
ng gov
er
nment agenci
e
s wi
l
l mos
tl
i
ke
l
y be abl
et
o obt
ai
n a
di
s
bur
sementaut
hor
i
t
yi
nt
hef
or
m ofCashDi
sbur
sementCei
l
i
ng(
CDC)
?
a. DA
b. NI
A
c
. DOLE
d. DENR
38.Ent
i
t
yA,agov
er
nmentent
i
t
y
,bi
l
l
s₱200,
000 f
orCommuni
c
at
i
onsNe
t
wor
kFee
s
.Whi
c
h of
t
hef
ol
l
owi
ngi
st
hecor
r
ec
tent
r
yf
ort
hebi
l
l
i
ng?
a. CashCol
l
ec
t
i
ngOfficer
s
200,
000
Communi
c
at
i
onsNe
t
wor
kFees
200,
000
b. CashModi
fiedDi
sbur
sementSy
s
t
em (
MDS)
,Regul
ar
200,
000
Communi
c
at
i
onsNe
t
wor
kFees
200,
000
c
. Account
sr
e
cei
v
abl
e
200,
000
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
200,
000
a.
Acc
ount
sr
ecei
v
abl
e
200,
000
Communi
c
at
i
onsNe
t
wor
kFees
200,
000
39.A gov
er
nmentent
i
t
ywi
l
lr
epor
tsur
pl
usi
ni
t
ss
t
at
ementoffinanci
alper
f
or
mancei
n whi
c
h
oft
hef
ol
l
owi
ngi
nst
anc
es
?
a. The r
ev
enue and expense summar
y account i
s cr
edi
t
ed when cl
osi
ng t
o t
he
accumul
at
edsur
pl
us(
defici
t
)acc
ount
.
b. The t
ot
alde
bi
t
si
nt
he s
t
at
ementoffinanci
alpe
r
f
or
mance c
ol
umns i
nt
hewor
kshee
t
e
xc
eedt
het
ot
alc
r
edi
t
s
.
c
. Thet
ot
alde
bi
t
si
nt
hes
t
at
ementoffinanci
alposi
t
i
on c
ol
umnsi
nt
hewor
kshee
te
xc
eed
t
het
ot
alcr
edi
t
s
.
d. Al
loft
hese
.
40.Thebe
stes
t
i
mat
ef
oral
ossi
s₱100,
000.Howev
er
,t
heent
i
t
yde
l
i
ber
at
el
yov
er
s
t
at
edt
hel
os
s
t
o₱120,
000.Whi
choft
hef
ol
l
owi
ngqual
i
t
at
i
v
echar
ac
t
er
i
s
t
i
csi
svi
ol
at
ed?
a. Pr
udence
b. Rel
i
abi
l
i
t
y
c
. aandb
d. Not
hi
ngi
svi
ol
at
e
d
41.Dur
i
ngt
heper
i
od,Ent
i
t
yA,agov
er
nmentent
i
t
yappr
ov
eda₱400,
000payr
ol
landgr
ant
ed
t
he Di
s
bur
si
ng Offic
er a cash adv
ance of ₱280,
000, ne
t of wi
t
hhol
di
ng t
axes and
c
ont
r
i
but
i
ons t
o GSI
S, Phi
l
Heal
t
h and PagI
BI
G. The pr
of
or
ma e
nt
r
yt
or
ec
or
dt
he
l
i
qui
dat
i
onoft
hepayr
ol
lf
undi
s
a.
Sal
ar
i
esandWages
,Re
gul
ar
xxx
Page |8
b.
c
.
d.
Per
sonalEc
onomi
cRe
l
i
e
fAl
l
owance(
PERA)
Duet
oBI
R
Duet
oGSI
S
Duet
oPagI
BI
G
Duet
oPhi
l
Heal
t
h
Duet
oOfficer
sandEmpl
oyee
s
Advance
sf
orPayr
ol
l
CashModi
fiedDi
s
bur
sement
Sys
t
em (
MDS)
,Re
gul
ar
Duet
oOfficer
sandEmpl
oy
ees
Advance
sf
orPayr
ol
l
CashCol
l
ec
t
i
ngOffic
er
s
Advance
sf
orPayr
ol
l
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
42.Whi
c
h oft
hef
ol
l
owi
ngmodesofdi
s
bur
sement
swoul
dr
esul
tt
ot
her
ecogni
t
i
on ofa l
oan
payabl
ei
nbooksoft
heBTr
?
a. NCAA
b. CDC
c
. ADA
d. AWAN
43.Ther
e
cei
ptofani
nt
er
agencyf
undt
r
ans
f
e
ri
sr
ec
or
dedas
a.
b.
c
.
d.
CashCol
l
ec
t
i
ngOfficer
s
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
CashModi
fiedDi
sbur
sementSy
s
t
em (
MDS)
,Regul
ar
Duet
o(
Ce
nt
r
alOffic
e
,Re
gi
onalOffic
e,
Oper
at
i
ngUni
t
sorOt
herFunds)
CashCol
l
ec
t
i
ngOfficer
s
Duet
o(
Ce
nt
r
alOffic
e
,Re
gi
onalOffic
e,
Oper
at
i
ngUni
t
sorOt
herFunds)
CashModi
fiedDi
sbur
sementSy
s
t
em (
MDS)
,Re
gul
ar
Acc
umul
at
edSur
pl
us(
Defici
t
)
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
44.Ar
r
anget
hef
ol
l
owi
ngaccount
si
nt
heseque
ncet
heyappeari
nt
het
r
i
albal
ance
.
I
.
I
I
.
I
I
I
.
I
V.
V.
Per
mi
tFees
Al
l
owanc
ef
orI
mpai
r
ment
Ac
count
sRe
cei
vabl
e
Duet
oBI
R
Sal
ar
i
e
sandWagesRe
gul
ar
Advance
sf
orPayr
ol
l
a. I
I
,V,I
I
I
,IandI
V
b. I
I
,I
I
I
,V,IandI
V
c
. V,I
I
,I
I
I
,IandI
V
d. I
I
,V,I
,I
I
IandI
V
45.Theent
r
yt
ocl
oset
he“
CashTr
easur
y/AgencyDe
posi
t
,Re
gul
ar
”accountatt
heendoft
he
per
i
odi
s
a.
Acc
umul
at
edSur
pl
us/(
Defici
t
)
xxx
CashTr
e
asur
y/AgencyDeposi
t
,
Regul
ar
xxx
b.
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
xxx
CashTr
e
asur
y/AgencyDeposi
t
,
Page |9
c
.
d.
Regul
ar
CashCol
l
ec
t
i
ngOfficer
s
CashTr
e
asur
y/AgencyDeposi
t
,
Regul
ar
Noneoft
hese
.Theaccounti
snotcl
osed.
xxx
xxx
xxx
46.Thi
s account i
s de
bi
t
ed when gov
e
r
nment e
nt
i
t
i
e
sr
e
mi
tc
ol
l
ec
t
i
ons t
ot
he Nat
i
onal
Tr
easur
y
.
a. CashModi
fiedDi
s
bur
sementSyst
e
m(
MDS)
,Regul
ar
b. CashCol
l
ec
t
i
ngOffic
er
s
c
. Ca
s
hTr
e
a
s
ur
y/Age
nc
yDe
pos
i
t
,
Re
gul
ar
d. Cas
hT
axRe
mi
t
t
a
nc
eAdvi
c
e
47.Al
loft
heabov
ei
nvol
v
e
st
hephysi
calt
r
ansf
erofcashexc
ept
a. Remi
t
t
anceoft
axest
hr
ought
heTaxRe
mi
t
t
anceAdvi
ce
b. Remi
t
t
anceofc
ol
l
ect
i
onsofr
ev
enuet
ot
heNat
i
onalTr
easur
y
c
. Remi
t
t
anceofempl
oy
eecont
r
i
but
i
onst
oGSI
S,PagI
BI
G andPhi
l
Heal
t
h
d. Remi
t
t
anceofe
xce
sscashadv
ancebyanoffic
er
48.Ent
i
t
yA,agov
er
nme
ntent
i
t
y
,haswi
t
hhe
l
dat
ot
alof₱800,
000f
r
om t
hesal
ar
ypayment
st
o
i
t
sempl
oy
ee
sr
epr
e
sent
i
ngcont
r
i
but
i
ons t
ot
heGSI
S,PagI
BI
G and Phi
l
Heal
t
h.Thepr
of
or
ma ent
r
yt
or
ecor
dt
he r
emi
t
t
anc
e oft
he c
ont
r
i
but
i
ons t
ot
he GSI
S,PagI
BI
G or
Phi
l
He
al
t
hi
s
a.
Duet
oGSI
S/PagI
BI
G/Phi
l
Heal
t
h
xxx
CashTaxRe
mi
t
t
anceAdvi
ce
xxx
b.
Duet
oGSI
S/PagI
BI
G/Phi
l
Heal
t
h
xxx
CashCol
l
ec
t
i
ngOfficer
s
xxx
c
.
Duet
oGSI
S/PagI
BI
G/Phi
l
Heal
t
h
xxx
CashModi
fiedDi
sbur
sement
Sys
t
em (
MDS)
,Re
gul
ar
xxx
d.
Noj
our
nalent
r
y
.
49.Thebudge
tpr
epar
at
i
oni
nt
hePhi
l
i
ppi
nes
a. s
t
ar
t
swi
t
ht
heBudgetCal
lf
r
om t
heBTr
.
b. usesa“
z
e
r
obot
t
omsup”appr
oach.
c
. endswi
t
ht
hei
ssuanc
eoft
he“
Bi
c
am Ver
si
on”byt
heBi
camer
alCommi
t
t
ee
.
d. usesanoni
ncr
e
ment
alappr
oac
h.
50.Chooset
hecor
r
e
cts
t
at
ement
.
Typeoft
ax
Taxabl
eevent
a. I
ncomet
ax
 Pur
c
haseorsal
eoft
axabl
egoodsorser
vi
ce
s
b. Val
ueaddedt
ax
 Ear
ni
ngoft
axabl
ei
nc
ome
c
. Cust
omsdut
y
 Under
t
aki
ngofat
axabl
eact
i
vi
t
y
d. Pr
oper
t
yt
ax
 Passageoft
het
i
meper
i
odf
orwhi
cht
het
axi
sl
e
vi
ed
51.Ent
i
t
yA acqui
r
e
sequi
pmentf
r
om asuppl
i
er
,on ac
count
.A l
enderse
t
t
l
e
st
heacc
ountof
Ent
i
t
yA bydi
r
e
ct
l
ypayi
ngt
hesuppl
i
ert
hepr
oceedsofal
oan pay
abl
et
hati
sr
ec
or
ded i
n
t
heBTr
’
sbooks.Thi
smodeofdi
sbur
sementi
scal
l
ed
a. CashDi
s
bur
s
ementCe
i
l
i
ng(
CDC)
b. Advi
c
et
oDe
bi
tAc
c
ount(
ADA)
c
. NonCashAvai
l
mentAut
hor
i
t
y(
NCAA)
d. Not
i
ceofTr
ans
f
e
rofAl
l
oc
at
i
on(
NTA)
P a g e | 10
52.Undert
hi
st
ypeofdi
s
bur
s
ementaut
hor
i
t
y
,di
s
bur
sement
sar
emadeoutoft
heent
i
t
y’
sown
bankacc
ountr
at
hert
hant
hr
ought
heTr
e
asur
ySi
ngl
eAc
count
.
a. Di
s
bur
sementt
hr
oughAdvi
cet
oDe
bi
tAcc
ount(
ADA)
b. Di
s
bur
sementt
hr
oughCashDi
sbur
sementCei
l
i
ng(
CDC)
c
. Di
s
bur
sementt
hr
oughe
l
e
c
t
r
oni
cModi
fiedDi
sbur
sementSyst
em (
eMDS)
d. Di
s
bur
sementt
hr
oughNonCashAvai
l
mentAut
hor
i
t
y(
NCAA)
53.Thee
nt
r
yt
or
e
c
or
dt
her
e
c
e
i
ptofadi
sbur
sementaut
hor
i
t
yi
nt
hef
or
m ofCas
hDi
s
bur
s
e
me
nt
Ce
i
l
i
ng(
CDC)i
s
a. CashCons
t
r
uc
t
i
v
eI
ncomeRe
mi
t
t
ance
xxx
Subsi
dyf
r
om Nat
i
onalGov
er
nment
xxx
b. Acc
ount
sPayabl
e
xxx
Subsi
dyf
r
om Nat
i
onalGov
er
nment
xxx
c
. Acc
ount
sPayabl
e
xxx
CashModi
fiedDi
s
bur
sementSyst
e
m(
MDS)
,Regul
ar
xxx
d. CashModi
fiedDi
s
bur
sementSyst
e
m(
MDS)
,Regul
ar
xxx
Subsi
dyf
r
om Nat
i
onalGov
er
nment
xxx
54.Anent
i
t
yaccr
ue
ssal
ar
i
esandwage
saf
t
erappr
ovalofpayr
ol
l
.Thee
nt
r
yi
s
a.
b.
c
.
d.
Sal
ar
i
e
sandWages,Regul
ar
Per
sonalEc
onomi
cRe
l
i
efAl
l
owance(
PERA)
CashModi
fiedDi
sbur
sementSy
s
t
em (
MDS)
,
Regul
ar
Sal
ar
i
esandWage
s,Re
gul
ar
Per
sonalEc
onomi
cRe
l
i
efAl
l
owance(
PERA)
Advanc
est
oOfficer
sandEmpl
oy
ees
Sal
ar
i
e
sandWages,Re
gul
ar
Per
sonalEc
onomi
cRe
l
i
efAl
l
owance(
PERA)
Duet
oBI
R
Duet
oSSS
Duet
oPagI
BI
G
Duet
oPhi
l
Heal
t
h
Duet
oOfficer
sandEmpl
oyee
s
Sal
ar
i
esandWage
s,Re
gul
ar
Per
sonalEc
onomi
cRe
l
i
efAl
l
owance(
PERA)
Duet
oBI
R
Duet
oGSI
S
Duet
oPagI
BI
G
Duet
oPhi
l
Heal
t
h
Duet
oOfficer
sandEmpl
oyee
s
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
55.Ent
i
t
yA,agov
er
nmentent
i
t
y
,gr
ant
sa₱10,
000cashadv
ancef
ort
het
r
av
e
l
l
i
nge
xpensesof
an empl
oyee
.Thee
mpl
oy
ee l
i
qui
dat
es₱8,
000 oft
he c
ash advanc
e and r
emi
t
st
heexc
e
ss
cash adv
ance of₱2,
000.Af
t
err
ecor
di
ng t
he gr
antofcash advanc
e and t
he l
i
qui
dat
i
on
t
her
eofbutbef
or
eadj
us
t
me
ntf
ort
hecol
l
ec
t
i
on oft
heexc
e
sscash advance
,how muc
hi
s
t
her
ec
or
dede
xpensei
nt
hebooksofaccount
s
?
a. ₱0
b. ₱2,
000
c
. ₱8,
000
d. ₱10,
000
P a g e | 11
56.Ent
i
t
y A, a gov
er
nment ent
i
t
y
,r
ecei
ves i
t
s Not
i
ce of Cash Al
l
ocat
i
on amount
i
ng t
o
₱5,
000,
000f
ort
heyear
.Thej
our
nale
nt
r
yt
or
ec
or
dt
hi
se
venti
s
a.
CashModi
fiedDi
sbur
sementSy
s
t
em (
MDS)
,Regul
ar 5,
000,
000
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
5,
000,
000
b.
CashCol
l
ec
t
i
ngOfficer
s
5,
000,
000
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
5,
000,
000
c
.
CashTaxRe
mi
t
t
anceAdvi
ce
5,
000,
000
Duet
ot
heNat
i
onalGov
er
nment
5,
000,
000
d.
Noj
our
nalent
r
y
.
57.Ent
i
t
yA,a g
ov
er
nmentent
i
t
y
,r
e
cei
v
esnot
i
c
eofi
t
s₱10M appr
opr
i
at
i
on f
ort
heyear
.The
j
our
nalent
r
yt
or
ecor
dt
hi
sev
enti
s
a.
CashModi
fiedDi
sbur
sementSy
s
t
em (
MDS)
,Regul
ar 10,
000,
000
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
10,
000,
000
b.
CashCol
l
ec
t
i
ngOfficer
s
10,
000,
000
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
10,
000,
000
c
.
CashTaxRe
mi
t
t
anceAdvi
ce
10,
000,
000
Duet
ot
heNat
i
onalGov
er
nment
10,
000,
000
d.
Noj
our
nalent
r
y
.
58.Ent
i
t
yA,agov
er
nmentent
i
t
y
,r
ec
ei
v
esi
t
s₱9M al
l
ot
ment
.Thej
our
nalent
r
yt
or
ec
or
dt
hi
s
ev
enti
s
a.
CashModi
fiedDi
sbur
sementSy
s
t
em (
MDS)
,Regul
ar 9,
000,
000
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
9,
000,
000
b.
CashCol
l
ec
t
i
ngOfficer
s
9,
000,
000
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
9,
000,
000
c
.
CashTaxRe
mi
t
t
anceAdvi
ce
9,
000,
000
Duet
ot
heNat
i
onalGov
er
nment
9,
000,
000
d.
Noj
our
nalent
r
y
.
59.Thej
our
nalent
r
yt
or
e
cor
dt
hecol
l
ec
t
i
on ofunbi
l
l
e
dt
axr
ev
enue(
e
.
g.
,Tr
av
e
lTax)t
hr
ough
di
r
ec
tdeposi
ti
nAut
hor
i
z
edAgentBanksi
s
a.
Acc
ount
sRecei
v
abl
e
xxx
Tr
av
e
lTax
xxx
b.
CashModi
fiedDi
sbur
sementSy
s
t
em (
MDS)
,Regul
ar
Tr
av
e
lTax
xxx
xxx
c
.
CashCol
l
ec
t
i
ngOfficer
s
xxx
Tr
av
e
lTax
xxx
d.
CashTr
e
asur
y/AgencyDeposi
t
,Re
gul
ar
xxx
Tr
av
e
lTax
xxx
60.Whi
c
h of t
he f
ol
l
owi
ng r
eflec
t
s a NonCash Avai
l
ment Aut
hor
i
t
y (
NCAA) mode of
di
s
bur
sement
?
a.
Acc
ount
sPayabl
e
xxx
CashCons
t
r
uc
t
i
veI
ncome
Remi
t
t
anc
e
xxx
b.
Account
sPayabl
e
xxx
Cash–Modi
fiedDi
sbur
sement
Sys
t
em (
MDS)
,Re
gul
ar
xxx
P a g e | 12
c
.
d.
Acc
ount
sPayabl
e
Subsi
dyf
r
om Nat
i
onalGov
e
r
nment
Noneoft
hese
.
xxx
“Go ahead and be lazy; sleep on, but you will go hungry.” (Proverbs 19:15)
- END -
xxx