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Letter. No Erasures Allowed.: PART II. MULTIPLE CHOICE Write The Letter of The Correct Answer and Should Be in CAPITAL

This document contains a multiple choice test with 15 questions about Philippine government accounting principles, standards, and responsibilities. The questions cover topics like what government entity is responsible for keeping general accounts of the national government (Commission on Audit), features of government accounting that do not include budgetary accounting, and standards regarding gifts from suppliers to government employees.

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60 views2 pages

Letter. No Erasures Allowed.: PART II. MULTIPLE CHOICE Write The Letter of The Correct Answer and Should Be in CAPITAL

This document contains a multiple choice test with 15 questions about Philippine government accounting principles, standards, and responsibilities. The questions cover topics like what government entity is responsible for keeping general accounts of the national government (Commission on Audit), features of government accounting that do not include budgetary accounting, and standards regarding gifts from suppliers to government employees.

Uploaded by

tough mama
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PART II.

MULTIPLE CHOICE Write the letter of the correct answer and should be in CAPITAL
LETTER.
NO ERASURES ALLOWED.

1 Accountability requirements from public officer/employees are provided under –


A. Art. IX-D, Sec 2 of 1987 Philippine Constitution C. Sec 1 of PD 1445
B. Sec 2 of PD 1445 D. Sec 112 of PD 1445
C
2. It generate information that permits a continuous review of programs implemented in an efficient
manner.
A. Government accounting B. Fund accounting C. Obligation accounting D.
Planning
A
3. Which of the following is not a National Government Agency.
A. National Food Authority C. Commission on Audit
B. Cebu Normal University D. Vicente Sotto Memorial Medical Center
A
4. A control mechanism that limits cash disbursement within the boundaries of appropriations granted by
DBM to liquidated or pay existing valid obligation.
A. Obligation accounting C. Cash Disbursement Ceiling
B. Fund accounting D. Notice of Cash Allocation
C
5. Guide the accountants in identifying, measuring and communicating financial; accounting information.
A. Auditing Code of the Philippines C. Assertions
B. Accounting Principles D. Standard Chart of Accounts.
B
6. Is entrusted immediately and primarily to the head of the agency whose responsibility is supervised by
higher authorities and government bodies.
A. Accounting responsibility C. Authority
B. Responsibility accounting D. Responsibility
A
7. To provide for responsibility accounting, NGAS uses a Standard Chart of Accounts with;
A. 3 digits B. 5 digits C. 8 digits D. 9 digits
C
8. Formulates national policies, specifying the goals and determining courses of action the government
shall take
to the different aspects of public affairs.
A. Legislative body B. the President C. Citizenry D. Head of the agency
B

9. Funds which is generally available and used for all functions of the government.
A. Special fund B. Fund accounting C. One-fund concept D. General Fund
D
10. Keeps the general accounts of the national government.
A. DBM B. Chief accountants C. COA D. Head of the agency
C
11. Monitor budget performance and assess effectiveness of the agency operation.
A. DBM B. COA C. Bu. Of Treasury D. Legislative body
A
12. A claim of legitimacy, the justification and right to exercise the ability to do something;
A. Power B. Accountability C. Responsibility D. Authority
D
13. Which among the given government entity is not a national government agency?
A. Commission on Audit C. Cebu Normal University
B. Baguio City D. Department of Trade and Industry
B
14. The following are the salient features of government accounting EXCEPT
A. Fund Accounting C. Budgetary accounting
B. Obligation accounting D. Cash Disbursement Ceiling
C
15. The Cashier of the Commission of Good National Agency, prioritized in issuing a check to
Lying Co,
their supplier, for the delivery of P5M construction materials. After the check was claimed,
the cashier
gave a gift of significant monetary value. Which of the following statements regarding the
acceptance
of the gift is correct?
A. Acceptance of the gift would be prohibited only if it were non-customary.
B. Acceptance of the gift would violate the code of ethics and prohibited by Civil Service
Law.
C. Since the contract was signed before the gift was offered, acceptance would not violate
either the Code of Ethics or Government Code of Conduct.
D. Acceptance of the gift would only be governed by agency policy or organization’s code
of conduct.

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