BSAT IV-A Ass1

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 property and interpreting the result thereof.
C. Government Accounting
2. Which is not charged with the government accounting responsibility?
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
disbursement thereof.
4. What is the legal basis of the Commission on Audit in prescribing the New
Government Accounting System manual?
B. Constitution of the Republic of the Philippines
5. The books of accounts are composed of the following:
A. Regular Agency books and National Government books.
6. The following are the system followed in the New Government Accounting
System, EXCEPT
B. Double-entry bookkeeping
7. What is the basis of the accounting under the international point of view of
current Government Accounting System?
C. Accrual Basis
8. According to COA Cir. No. 2013-002 dated January 30, 2013, the New
Government Accounting System, effective January 1, 2014, uses a standard
chart of accounts with
A. Three digits
9. The New Government Accounting System must be comprehensive but
flexible to ensure that the need of the users of information can be addressed
in a way that these will be understood even by those, who have no technical
knowledge of accountancy. These users include all EXCEPT
D. None of the above.
10. The following are the objectives of the NGAS, which is NOT
C. Comply with the requirements of International Monetary Board
11. 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
12. Journal and ledgers are the books of accounts of the national government
agencies. Which of the following journals shall be used under the new
government accounting system?
D. General Journal
13. 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
14. Regular Agency (RA) books shall be used to record the receipt and
utilization of Notice of Cash Allocation and other income/receipts, which the
agencies are authorized to use and to deposit with Authorized Government
Depository Bank and the national treasury. Which of the following is NOT a
Regular Agency book?
B. General Ledger
15.This is an authorization issued by the Department of Budget and
Management to government agencies to withdraw cash from the National
Treasury through the issuance of Modified Disbursement System checks or
other authorized made of disbursements.
C. Notice of Cash Allocation
16. Under the NGAS, serviceable assets no longer being used shall be
reclassified as:
C. Other Assets
17. Under the NGAS, the Bureau of Treasury shall maintain the registry for
control and monitoring of NCA released by DBM, this Registry is:
D. Registry of Notice of Cash Allocation and Replenishment
18. The Department of Budget and Management, Department of Finance,
Bureau of Treasury, and Commission on Audit are collectively responsible for
the Unified Accounts Code Structure (UACS). Who is responsible for the
validation and assignment of new codes for funding source, organization,
sub-object codes for expenditure items?
A. Department of Budget and Management
the Unified Accounts Code Structure (UACS). Who is reponsible for the
consistency of about classification and coding structure with the Revised
Chart of Accounts?
D. Commission on Audit
the Unified Accounts Code Structure (UACS). Who is responsible for the
consistency of accounts classification and coding standards with the
Government Finance Statistics?
B. Department of Finance - Bureau of Treasury
21. The Philippine Public Sector Accounting Standard (PPSAS) shall be
applied the following, except:
B. Government Business Enterprises

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Multiple Choice

1. It is the process of analyzing, recording, classifying, summarizing and

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