Chapter 7 - Miscellaneous Transactions

Question 1

Examples of miscellaneous transactions:

Answer 1

Loss of cash and property
request for relief from accountability
Cash overage 
stale MDS and commercial checks 
set up and settlement of disallowances 
refund of overpayment

Question 2

Cash shortage discovered during cash examination concluded by auditors is reported in

Answer 2

Report of cash examination

Question 3

transaction types that are unique and not recurring in ordinary course of government operations

Answer 3

Miscellaneous transactions

Question 4

A check that has been outstanding for six months from the date of issue or prescribe

Answer 4

Stale check

Question 5

So any unclaimed still checks which are still with cashier, shall be canceled and reported in ________ as canceled

Answer 5

List of unreleased checks

Question 6

It is the transfer of cash from another agency to implement the project of another agency

Answer 6

Inter-agency transferred fund

Question 7

Collections not accepted by the bank upon deposit

Answer 7

Dishonor checks

Question 8

Collections from non-income sources authorized by law for specific purposes, which are collected/received by a government office or or agency acting as a trustee, agent or administrator or with have been received as guarantee for fulfillment of an obligation.

Answer 8

trust receipts

Question 9

These are required by the agency from contractors/suppliers to ensure their performance of contract, which may be a form of cash or certified check or Surety

Answer 9

Performance bond

Question 10

Performance bond maybe in form of:

Answer 10

Cash or certified checks

surety

Question 11

A performance bonds in the form of cash or check is acknowledge through _________________

Answer 11

Official receipt

Question 12

A performance bond in a form of surety is acknowledge through ______________

Answer 12

Acknowledgement receipt