chapter 3

Question 1

Issues the budget call to all government agencies.

Answer 1

Department of Budget and Management (DBM)

Question 2

Government’s estimate of the sources and uses of government funds within the fiscal year.

Answer 2

National Budget

Question 3

Contains the details of all the government entities proposed expenditures.

Answer 3

Budget of expenditure and Sources of Financing (BESF)

Question 4

Committee formed to harmonize any conflicts between the Congress and Senate’s versions of
the appropriation bill.

Answer 4

Bicameral Conference Committee

Question 5

Authorization made by the legislative body to allocate funds for specified purposes.

Answer 5

Appropriations

Question 6

Refers to any department, bureau or office of the national government or any of its branches
or political subdivision including GOCC’s.

Answer 6

Government Agencies

Question 7

Authority issued by the DBM to government agencies to allow them to obtain access to the
government funds.

Answer 7

Notice of Cash Allocations

Question 8

Sets the government agency’s disbursement limits for the year, quarter and month.

Answer 8

Cash Release Program

Question 9

Also referred to as obligational authority.

Answer 9

Allotment

Question 10

A system of providing costs and revenue information and the basis for the evaluation of a
manager’s performance over those under his control.

Answer 10

Responsibility Accounting

Question 11

Which of the following records is technically not considered an accounting book? a. General Journal
b. Subsidiary Ledger
c. Cash Disbursements Journal
d. Registry of Appropriations and Allotments

Answer 11

d. Registry of Appropriations and Allotments

Question 12

Which of the following is (are) affected when a government entity incurs obligations?
a. ORS
b. RAPAL
c. RAOD
d. a and c

Answer 12

d. a and c

Question 13

Which of the following is (are) affected when a government entity makes disbursements to settle recorded obligations?
a. ORS
b. RAOD
c. Journal and Ledger
d. All of these

Answer 13

d. All of these

Question 14

Which of the following accounts is most likely credited when a government entity remits its collections to the National Treasury?

Answer 14

Cash Collecting Officers

Question 15

The receipt of allotment is recorded in the
a. RAPAL
b. RAOD
c. ORS
d. a and b

Answer 15

d. a and b

Question 16

According to the GAM for NGAs, the Registries are (choose the incorrect statement)
a. maintained by the accounting unit of a government entity
b. maintained by fund cluster
c. maintained for each object of expenditure, whenever the registry is used for monitoring
obligations and disbursements
d. maintained by the budget division of a government entity

Answer 16

a. maintained by the accounting unit of a government entity

Question 17

The 8-digit Revised Chart of Accounts (RCA) Code for the account “Subsidy from National Government” starts with number
a. 2
b. 3
c. 4
d. 6

Answer 17

c. 4

Question 18

Which of the following is not a form of disbursement authority?
a. Allotment
b. Notice of Cash Allocation
c. Non-Cash Availment Authority
d. Cash Disbursement Ceiling

Answer 18

a. Allotment

Question 19

The NCA is recorded in the
a. Registry of Allotments and Notice of Cash Allocation (RANCA).
b. Books of accounts (Journal and Ledger)
c. Obligation Request and Status (ORS)
d. a and b

Answer 19

d. a and b

Question 20

The journal entry to record the billing of revenue (e.g., Communications Network Fees) is
a. dr Accounts receivable
cr Communications Network Fees
b. dr Cash-Collecting Officers cr Communications Network Fees
c. dr Cash-Modified Disbursement System (MDS), Regular
cr Communications Network Fees
d. dr Accounts receivable
cr Subsidy from National Government

Answer 20

a. dr Accounts receivable
cr Communications Network Fees