ASIA PACIFIC COLLEGE OF ADVANCED STUDIES
PRELIMS EXAM
GOVERNMENT ACCOUNTING
PART I - MULTIPLE CHOICE
1. It is the process of analyzing, recording, classifying, summarizing and communicating all transactions involving the receipt and disposition of government funds and propert and interpreting the results 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 responsibility? 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 c. Accrual Basis
b. Cash 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 regular 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
NAME: ____________________________________________________________________________DATE:_____________________
b. Journal and analysis of obligations d. General journal
10. The books of original entry shall be used to record, in time sequence, financial transactions and information presented in duly certified and approved accounting documents. What is the basis in recording the financial transactions in the journals?
a. Journal Entry Voucher c. Journal and analysis of obligations 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 National Treasury through the issuance of Modified Disbursement System checks or other authorized mode 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 and
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 allotments
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 National 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 specified conditions and specific purposes.
a. Appropriation c. Obligation
20. It is the authorization from the DBM to an agency to incur an obligation up to a specified amount 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 administrative 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 authorization, conditions and amount of allocation
a. Special Allotment Release Order c. Notice of Cash Allocation
b. Allotment and Obligation Slip d. Registry of Allotment and Obligation 23. It is the annual documents, required at the onset of budget execution phase, which contains the
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 basis a. Monthly Cash Program c. Estimate of Monthly Income
b. List not yet due and demandable d. Statement of Allotments, Obligation & Balances
25. In order to prvide agencies with sufficient time to implement projects/activities covered by
realignment, request for realignment of released allotments under the prior budget year shall be requested until
a. January 1 of the current year c. June 30 of the current year
b. April 1 of the current year d. December 31 of the current year 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 Expenses, CO for Capital Oulay and FE for Financial Expenses.
1. Roads, Highways and Bridges 9. Cash Gift
2. Personal Economic Relief Allowance 10. Subscription Expense 3. Represenation Expense 11. Postage and Deliveries
4. Terminal Leave Benefits 12. Productivity Incentive Allowance
5. Commitment Fees 13. Bank Charges
7. Honoraria 15. Telephone Expense 8. Documentary Stamp Expense 16.Hazard Pay
PART IV- LABEL THE BUDGET PROCESS CYCLE. NAME THE BUDGET PREPARATION CYCLE
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ASIA PACIFIC COLLEGE OF ADVANCED STUDIES
PRELIMS EXAM
GOVERNMENT ACCOUNTING
1. It is the process of analyzing, recording, classifying, summarizing and communicating all transactions involving the receipt and disposition of government funds and propert and interpreting the results
3. What is the role of the Bureau of Treasury in relation to government accounting responsibility?
7. To provide for Responsibility Accounting, the NGAS uses a standard chart of accounts with
8. Special purpose fund is a fund appropriated for purposes other than those provided in the regular
DATE:_____________________ SCORE: ___________________
10. The books of original entry shall be used to record, in time sequence, financial transactions and information presented in duly certified and approved accounting documents. What is the basis in
c. Journal and analysis of obligations
12. This is an authorization issued by the DBM to government agencies to withdraw cash from National Treasury through the issuance of Modified Disbursement System checks or other authorized mode
14. It is the system of prescribing the procedures for recording appropriations, allotments and
17. It is the implementation of the national budget by different departments and release of allotments
18. As specifically provided for in the new constitution, no money shall be paid out of the National
20. It is the authorization from the DBM to an agency to incur an obligation up to a specified amount
21. It is the amount committed to be paid by the govt. arising from an act of a duly administrative
22. It is the formal document issued by the DBM to the head of the agency containing authorization,
d. Registry of Allotment and Obligation 23. It is the annual documents, required at the onset of budget execution phase, which contains the
24. It is a component of Budget Accountability Reports that should be reported on a monthly basis
d. Statement of Allotments, Obligation & Balances
25. In order to prvide agencies with sufficient time to implement projects/activities covered by
realignment, request for realignment of released allotments under the prior budget year shall be c. June 30 of the current year
Write PS for Personal Services, MOOE for Maintenance and Other Operating Expenses, CO for
10. Subscription Expense 11. Postage and Deliveries
12. Productivity Incentive Allowance 14. Professional Services
