question archive Accounting for government 1

Accounting for government 1

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Accounting for government

1. what is the location code for city of manila?

2. what is the barangay identifier of Albano (Pob.), Dingras, Ilocos Norte?

3. The cost of trainings and seminars conducted by agency XYZ is a grant proceeds from the government of Canada. What is the funding source code?

4. After the National budget of 2019 was approved, the president was concurred by the congress, martial law in Mindanao was extended up to Dec. 31, 2019. One of the question asked was "where will the fund be taken for the additional expenses that will be incurred?" Which of the following would be the best answer?

  1. From the unprogrammed funds of the DMD
  2. From the regular appropriation of the department of National Defense (DND)
  3. From the special accounts in the general fund (SAGF) of the DND
  4. The congress must have to enact a supplemental budget to augment the original appropriation of DND

5. Which of the following does not belong to the group?

  1. Operating lease receivable
  2. Inter-agency receivables
  3. Loans and receivables account
  4. Intra-agency receivables

6. Appropriation could be equal or less than the allotment received by the agency

  1. True
  2. False

7. The DBM, DOF, BTR, and the COA are collectively responsible for the UACS, however, the COA is the one responsible for the validation and assignment of new codes for funding source code, organization, sub-object code for expenditure items

  1. True
  2. False

8. What is the revised chart of accounts code of Cash-Tax Remittance Advice?

9. What is the UACS object code of Due to PAG-IBIG - PAG-IBIG Housing Loan?

10. What is the general ledger code of Passport and Visa Fees - Passport Fees?

11. Which of the following is inter-agency receivable?

  1. Due form bureaus
  2. Due from joint venture
  3. Due from non-governmental organizations/people's organizations
  4. Due from central office

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