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ASIA PACIFIC COLLEGE OF ADVANCED STUDIES PRELIMS EXAM GOVERNMENT ACCOUNTING NAME: __________________________________________________________________________DATE:_____ INSTRUCTOR : GEMINE AILNA PANGANIBAN SCORE: ___ PART I - MULTIPLE CHOICE 1. It is the process of analyzing, recording, classifying, summarizing and communicating all t involving the receipt and disposition of government funds and propert and interpreting thereof. a. Government Auditing c. Government Accounting b. Government Budgeting d. National Government 2. Which is not charged with government accounting responsibility? a. Commission on Audit c. National Government Agencies b. Department of Budget & Management d. Legislative Department 3. What is the role of the Bureau of Treasury in relation to government accounting responsibi a. To receive and keep national funds and manage or control disbursements thereof b. To desgn, prepare, and approve the accounting systems of national government c. To keep the general accounts of the national government d. To prepare the annual financial report of the national government 4. The books of accounts are composed of the following: a. Regular Agency books and National Government books b. National Government books and books of original entry c. Journal and Subsidiary ledgers d. Regular agency books and books of original entry 5. The following are the systems followed in the NGAS except a. Commercial Accounting c, Responsibility Accounting b. Double-entry bookkeeping d. Fund Accounting 6. What is the basis of accounting under the NGAS? a. Modified Accrual b. Cash Basis

c. Accrual Basis d. Strict Accrual

7. To provide for Responsibility Accounting, the NGAS uses a standard chart of accounts with a. Three Digits c. Five Digits b. Four Digits d. Six Digits 8. Special purpose fund is a fund appropriated for purposes other than those provided in the funds of government agencies. Which of the following is a special purpose fund? a. Organizational adjustment fund c. Reimbursable fund b. Sinking fund d. General Fund 9. Which of the following journals shall be used under the NGAS? a. Journal of checks issued c. Journal of bills rendered

b. Journal and analysis of obligations

d. General journal

10. The books of original entry shall be used to record, in time sequence, financial transactio information presented in duly certified and approved accounting documents. What is t recording the financial transactions in the journals? a. Journal Entry Voucher c. Journal and analysis of obligation b. Journal of checks issued d. Journal of bills rendered 11. Which of the following is not a regular agency books? a. General Journal c. Cash Journal b. General Ledger d. Cash Disbursement Journal

12. This is an authorization issued by the DBM to government agencies to withdraw cash from Treasury through the issuance of Modified Disbursement System checks or other autho of disbursements a. Allotment c. Notice of Cash Allocation b. MDS checks d. Appropriation 13. Under the NGAS, serviceable assets no longer being used shall be reclassified as: a. Depreciated assets c. Other Assets b. Obsolete property d. Property, plant and equipment 14. It is the system of prescribing the procedures for recording appropriations, allotments an obligations a. Fund Accounting c. Obligation Accounting b. Budgetary Accounting d. Government Accounting 15. Which department prepares the national budget, which serves as the basis of the GAA? a. Executive c. Judiciary b. Legislative d. National Government Agencies 16. Is the legislative consideration, review and approval of the national budget a. Preparation c. Execution b. Authorization d. Accountability 17. It is the implementation of the national budget by different departments and release of a a. Preparation c. Execution b. Authorization d. Accountability 18. As specifically provided for in the new constitution, no money shall be paid out of the Nat Treasury EXCEPT in the pursuance of a. Budget c. Fund b. President's executive order d. Appropriation 19. It is the legislative authorization to make payments out of government funds under speci conditions and specific purposes. a. Appropriation c. Obligation b. Allotment d. Budgeting

20. It is the authorization from the DBM to an agency to incur an obligation up to a specified that must be within the legislative appropriation. a. Appropriation c. Obligation b. Allotment d. Fund release 21. It is the amount committed to be paid by the govt. arising from an act of a duly administr officer and which binds the govt. to the immediate & eventual payment of money a. Appropriation c. Obligation b. Allotment d. Commitment 22. It is the formal document issued by the DBM to the head of the agency containing author conditions and amount of allocation a. Special Allotment Release Order c. Notice of Cash Allocation d. Registry of Allotment and Obliga b. Allotment and Obligation Slip 23. It is the annual documents, required at the onset of budget execution phase, which conta agencies targets and plans for the current year. a. Agency Budget Matrix c. Budget Execution Documents b. Annual Cash Program d. Budget Accountability Reports 24. It is a component of Budget Accountability Reports that should be reported on a monthly a. Monthly Cash Program c. Estimate of Monthly Income b. List not yet due and demandable d. Statement of Allotments, Obliga

25. In order to prvide agencies with sufficient time to implement projects/activities covered b realignment, request for realignment of released allotments under the prior budget ye requested until c. June 30 of the current yea a. January 1 of the current year b. April 1 of the current year d. December 31 of the curre PART II - ENUMERATION : I. Name 4 government entity charged with the government accounting responsibility. 1 2 3 4 II. What are the 4 objectives of government accounting? 5 6 7 8 III. What are the registries maintained by the Department of Budget and Management? 9 10 11

IV. What is the registry maintained by the Bureau of Treasury? 12 V. What are the registries maintained by the Government Agencies? 13 14 15 16 VI. What are the 4 accounting systems in General Accounting Plan? 17 18 19 20 VII. Enumerate the budget process. 21 22 23 24 VIII. What are thereports included in the Budget Execution Document (BEDs)? 25 26 27 28 IX. What are the reports included in the Budget Accountability Reports (BARs)? 29 30 31 32 X. Name the 3 expense accounts in the Government Accounting. 33 34 35 PART III - IDENTIFY THE FOLLOWING EXPENSE AND ASSET ACCOUNTS. Write PS for Personal Services, MOOE for Maintenance and Other Operating Expen Capital Oulay and FE for Financial Expenses. 1. 2. 3. 4. 5. 6.

Roads, Highways and Bridges Personal Economic Relief Allowance Represenation Expense Terminal Leave Benefits Commitment Fees Intelligence Expense

9. Cash Gift 10. Subscription Expen 11. Postage and Delive 12. Productivity Incenti 13. Bank Charges 14. Professional Service

7. Honoraria 8. Documentary Stamp Expense

15. Telephone Expense 16.Hazard Pay

PART IV- LABEL THE BUDGET PROCESS CYCLE. NAME THE BUDGET PREPARATION CYCLE ____________ ____________

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