1.

It is the government body that keeps th general accounts of the government and prepares the
annual financial statement of the national government, local government agencies and
government owned or controlled operations
a. Commission on audit
b. Bureau of treasury
c. Department of budget and management
d. Department of finance
2. It is a system of prescribing the procedures for recording appropriations, directing payments of
goods and services out government funds under specified condition or for specific purposes
a. Allotment
b. Obligation
c. Appropriation
d. Malversation
3. It is the allotment by the Central Office to its Regional Office
a. Regular allotment
b. Suballotment
c. Ordinary allotment
d. Secondary allotment
4. It refers to the commitment of government agency arising from an act of a duly authorized
official that binds the government to the immediate or eventual payments of a sum of money
a. Allotment
b. Obligation
c. Appropriation
d. Malversation