EXAM Government Accounting PDF

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FIRST GRADING EXAMINATION What is the legal basis of the COA in promulgating the GAM for NGAs? a. Revised Penal Code, Art. 217 b. State Audit Code of the Philippines, P. No. 1445, Sec. 109 c. Article IX-D, Section 2 par. (2) of the 1987 Constitution of the Republic of thePhilippines d. R. 9298 The G...

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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

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