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119 > CHAPTER 3 (GOVERNMENT ACCOUNTING PROCESS) > Flashcards

CHAPTER 3 (GOVERNMENT ACCOUNTING PROCESS) Flashcards

1
Q
  1. Journals
A

a. General Journal
b. Cash Receipts Journal
c. Cash Disbursements Journal
d. Check Disbursements Journal

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2
Q
  1. Ledgers
A

a. General Ledgers
b. Subsidiary Ledgers

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3
Q

a. Registries of Revenue and Other Receipts (RROR)
b. Registry of Appropriations and Allotments (RAPAL)
c. Registries of Allotments, Obligations and Disbursements (RAOD)
d. Registries of Budget, Utilization and Disbursements (RBUD)

A

Registries

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4
Q
  • monitor budgeted amounts, actual collections
A

Registries of Revenue and Other Receipts (RROR)

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5
Q

– monitor appropriations & allotments

A

Registry of Appropriations and Allotments (RAPAL)

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6
Q

monitor allotments received & obligations incurred

A

. Registries of Allotments, Obligations and Disbursements (RAOD

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7
Q

record approved special budget

A

Registries of Budget, Utilization and Disbursements (RBUD

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8
Q

all types of employee benefits (salaries, bonuses)

A

a) Personal Services (PS

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9
Q

– op expenses other than employee benefits (travel, utilities, supplies)

A

b) maintenance and other operating expenses (MOOE

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10
Q

finance costs (interest exp, bank charges)

A

c) Financial Expenses (FE)

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11
Q

capitalizable expenditure (exp on construction of infrastructures)

A

d) Capital Outlays

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12
Q

incurred issuance (Obligations and request and status, ORS)
- Recorded in RAOD

A

Obligations

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13
Q

used when RAOD & ORS are needed of adjustment

A

Notice of obligations and request and status adjustment

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14
Q

Entity A receives a Notice of Cash Allocation (NCA) from the D amounting to P200,000, net of tax.
Cash-Modified Disbursement System (MDS),
Regular Subsidy from National Government.
To recognize receipt of NCA from DBM

A

Disbursement Authority - Notice of Cash Allocation (NCA)

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15
Q

Salaries and Wages, Regular
Personal Economic Relief Allowance (PERA)
Due to BIR
Due to GSIS
Due to Pag-IBIG
Due to PhilHealth
Due to Officers and Employees
To recognize payable to officers and employees upon approval of payroll

A

a. Set up of payable to officers and employees upon approval of payroll.

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16
Q

Advances for Payroll
Cash-Modified Disbursement System (MDS), Regular
T o recognize grant of cash advance for payroll

A

b. Grant of Cash Advance for payroll.

17
Q

Due to Officers and Employees
Advances for Payroll
To recognize liquidation of Payroll Fund

A

. Liquidation of Payroll Fund

18
Q

Due to GSIS
Due to Pag-IBIG
Due to PhilHealth
Cash-Modified Disbursement System (MDS), Regular
To recognize remittance to GSIS, Pag-IBIG and PhilHealth

A

Remittance to GSIS. Pag-IBIG & PhilHealth

19
Q

Accounts receivable
Rent/Lease income
To recognize billing of income

A

Entity A bills revenue of $100,000 for rent income.

20
Q

Cash - Collecting Officers
Accounts Receivable
To recognize collection of billed income

Cash-Treasury/Agency Deposit, Regular
Cash-Collecting Officers
To recognize remittance of income to BTr

A

Entity A collects $100,000 from the billed revenue and remits the collection to the BTr.

21
Q

record transactions not in SJ

A

General Journal

22
Q

report of collection and deposit & cash receipts register

A

Cash receipts journal

23
Q

collecting officer: deposits to authorized government depository bank

A
  • Report of collection and deposit (RCD
24
Q

field officer w/o complete set of books

A

Cash receipts register (CRReg)

25
Q

record cash disbursement

A

Cash disbursement journal

26
Q

record check disbursement

A

Check disbursement journal

27
Q

summarizes all transactions

A

General Ledgers

28
Q

show details of each control acc in GL

A

Subsidiary Ledgers

29
Q

Subsidy from National Government
Cash-Modified Disbursement System (MDS), Regular
To recognize reversion of unused NCA

A

Reversion of Unused Notice of Cash Allocation (NCA)

30
Q

 Recorded in RAPAL; none Journal & Ledger

A

Appropriation

31
Q

 Recorded in RAPAL & RAOD;none Journal & Ledger

A

Allotment

32
Q

Recorded in RANCA;
Cash – MDS, Regular
Subsidy from National Government
To recognize receipt of NCA from the DBM

A

Notice of Cash Allocation

119 (8 decks)

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