1. Its a body politic and corporate endowed with powers to be exercised by it in conformity with law. «a. Government * Province © 4.City + 9. Barangay 2. The common requirements for creation of a local government unit or its conversion from ‘one level to another shall be based on the following: * a. Sufficient Income ©. Population within the territorial jurisdiction soc. Cort Land Area * 2, None of the above 3. The determination of compliance to the ‘common requirements for creation of an LGU or its conversion shalll be attested to by the following except: * a. Department of Finance b. National Statistics Office d. Lands Management Bureau 9, Department of Environment and National Resources 4, The income classification of local government units resulting from division and merger shall be updated to reflect the changes in their financial position. +b. Within a year from the effectivity of R. A. No. 7160 +c. Within 3 years from the effectivity of R. A. No. 7160 © d. Within 5 years the effectivity of R. A. No. 7160 * 2. None of the above 5. A province may be created by an Act of Congress and subject to approval by a majority of the votes cast in a plebiscite to be conducted by the COMELEC in the local government unit or units directly affected. From the effectivity of said Act, the plebiscite shall be held within: © 2.30 days b, sce d. One year + 2. None of the above 6. A contiguous territory as certified by the Lands Management Bureau to comply with the creation of a provinee shall be at least: BCLTE 100 aa kilometers ©. 10,000 square kilometers 4d. 50,000 square kilometers e. None of the above 7. A proviné® may be created if it has an ‘Average Annual Income for the immediately preceding 2 consecutive years based on 1991 constant prices, as certified by the Department of Finance, of not less than «a. Php 2,500,000.00 Reviewer | ‘+c. Php 50,000,000.00 ‘*d. Php 100,000,000.00 ‘* ©. Php 250,000,000.00 8, The minimum population as certified by the National Statistics Office to comply with the requirement for the creation ofa proving shal + a. 25,000 inhabitants ‘* b. 100,000 inhabitants ‘* _c. 150,000 inhabitants ‘+d. 250,000 inhabitants ‘* 0, 500,000 inhabitants 9.8 may be ifithas a locally g for the last 2 consecutive years based on 2000 constant prices, as certified by Department of Finance, of a at least: ‘© a. Php 2,500,000.00 . Php 20,000,000.00 ec. re 50,000,000.00 ‘*-e. Php 250,000,000.00 40. The minimum popillatioh as certified by the National Statisties Office to comply with the requirement for the creation ofa eity shall be: a, 25,000 inhabitants +. 100,000 inhabitants * ¢. 150,000 inhabitants #4. 250,000 inhabitants 8, 500,000 inhabitants 411. A contiguous t8Hfit@FY as certified by the Lands Management Bureau to comply with the creation of a city shall be at least: . 2,000 square kilometers . 10,000 square kilometers d. 50,000 square kilometers e. None of the above 12. A classification based on the minimum and Annual a. Barangay b. Municipality c. Province 2. Component cities of the province13.8 may be created if ithas an for the last 2 consecutive years based on 1991 constant prices, as certified by the Department of Finance, of not less than: b. Php 20,000,000.00 cc. Php 50,000,000.00 . Php 100,000,000.00 8. Php 250,000,000.00 14, The minimum population as certified by the National Statistics Office to comply with the requirement for the creation of maniipalist shall . 100,000 inhabitants «. 150,000 inhabitants 4. 250,000 inhabitants . 500,000 inhabitants 45, The creation, division or abolition of alteration of boundaries of provine iti municipalities, or barangay within ARMM shall be determined and enacted by: 2. Act of Congress Province ‘c. Sanggunian 4. Local Government Unit Ss, ‘ANSWERS 1.b/2d|3c¢/4a/5c|6b/7.b/8 d19d | 10.¢| 11a] 12d] 13a] 14a 15.8 4. The number of Faiikingi eligible Tecommendees of the governor or mayor, as the case may be, subject to civil service law, rules and regulations from which the Secretary ‘of Finance shall appoint a Local Treasurer. a2 Zoe lone of the above following are some of the requirements for the appointment of a Local Treasurer ? a. A resident of the local government unit concemed b. Aholder of a aie ici d. A first grade civil service eligible or its equivalent 2. Years of experience in treasury or accounting service BCLTE Reviewer |2 3. The planttlla of personnel in the local government unit concerned in relation to the position of Local Treasurer should show the following information a. Designation of Position bb. Appropriation or Budget Item Number c —— Grade of the Position e. Authorized and Actual Salary per enum 4. The délegatiol of the Appointing Authority over Provincial, City and Municipal Treasurers and their Assistants may be given by the cer of Finance to: . Local Treasurer c. Provincial Governor 4d. Department of Budget and Management 2. Local Chief Executive 5. Requests for relief, transfer, or detail of Treasurers and Assistant Treasurers shall be acted upon only for justificable reasons and after compliance with the requisites of du process comprising with the following @xcépt: 2, Treasurer consents to the action taken . Completion ofthe final audit fincing of cash pote and pera validated d. Treasurer has been formally charged with a grave offence 90 day preventive suspension has expired 6. Unless sooner revoked, the designation of the OIC/ICO of Local Treasury Offices and Acting Assistant Provincial/City/Municipal Treasurers shall be a period of: a. 3 months 4.3 years 8. 6 years 7. The designation, conditioned upon a and in the absence’of andlor adverse information against tl extended only: a. Once designate, can be . Thrice d. Upon recommendation by the Local Chief Executive e. None of the above 8. thereof shall be by the Regional Office withi a. Within 3 days before the expected temporary or permanent vacancy b. Within 5 days before the expected temporary or permanent vacancy . Within 10 days before the expected temporary or permanent vacancy* 9, None of the above 9, Submissions by the Regional Office for designations and extensions thereof shall be conte withi * b. 15 days from the issuance of the Order ©. 30 days from the issuance of the Order © d. 45 days from the issuance of the Order © d. None of the above 10. for designations shall be Executive Director and Bureau of Local Government Finance within: © a.5 days from receipt =. eee ae © d.30 days from receipt * 2. None of the above 11. Designation submitted to the BLGF for confirmation shall be accompanied by the following documents + a. Regional Special Personnel Order +b. Recommendations of the BLGF Regional Director and the Local Chief Executives concerned, © Recommendation of the Provincial/City Treasurer, when applicable ood. Updated Personal Data Sheet 12. An official or employee designated by proper authority in a temporary capacity to discharge the duties and functions of the head of the Local ‘Treasury —_Offi ice ProvincialiCity/Municipal) in a and of the powers, authority and prerogatives normally exercised by the head of the office. * a, Officer-in-Charge * c. Local Treasurer d. Assistant Local Treasurer ©. Barangay Treasurer 13, An official or employee designated by roper authority in a temporary capacity to Lischarge Tully the powers and responsibilities of the head of the Local Treasury Office (Provincial/City or Municipal), with the same of the latter, except the rox receive the salary appurtenant thereto. ». In-Charge of Office . Local Treasurer d. Assistant Local Treasurer e. Barangay Treasurer 414, An OIC-Provincial/City/Municipal Treasurer shall continue to receive his/her salary from hisiher regular station for a period of: © a.30days *_b. 60 days BCLTE Reviewer |3 © d.120days © e150 days 15. The who automatically assumes as ICO shall ELGF Regional Director concerned, thru the Provincial Treasurer, of the absence, sickness, death of other incapacity of the regular incumbent and of b. 48 hours © c.Tdays © d.15days © 0.30 days 16. The following 46 Not meet the requirements for a person to be appointed Barangay Treasurer a. A sangguniang barangay member b. Agovernment employee ¢. A relative of the punong barangay within the 4th civil oo of. see or affinity © e. None of the above 47. A Local Treasurer who is Feinstated after having been illegally dismissed is considered as not having lefthis office and should be at the time of his reinstatement +a. 6months salary + bt year salary ec. zee say + 2.10 years salary 418. The approval Of application for leave of Provincial, City and Municipal Treasurers and Assistant Provincial, City and Municipal ‘Treasurers where he intends fo leave th regardless of duration shall be by: b. BLGF Regional Director ©. Local Chief Executive d. Barangay Chairman ©. BLGF Executive Director 19. Application of Vaeation leave of Assistant ProvincialiCity/Municipal Treasurer fora period exceeding 15 days shall be approved by: wa ae ‘© c, Local Chief Executive © d. Barangay Chairman ‘© 0. BLGF Executive Director 20. ProvincialiCity/Municipal Treasurer and Assistant Provincial/City/Municipal Treasurer may avail of which shall be non-cumulative and non-commutative, immediately before, during or after the childbirth or miscarriage of their legitimate. spouse, of hotmore then a. 3 daysb.5 a © d. 10 days © 0.14 days ANSWERS 1b] 2e|3d/4a/5c/6b/ 7.6/8 d [9a] 10.¢| 11.0 | 12.b | 13.a| 14.6] 15.a | 16.4] 17.4 | 18.4 | 19. | 20.6 1. The BLGF Regional Officers shall perform the following administrative and technical involving local treasury operations ‘a. Supervise and coordinate the conduct of local treasury and assessment operations of provinces, cities and municipalities within the region for the proper implementation of laws, decrees, rules, regulations and administrative issuances of the Department of Finance. ‘© _b, Coordinate the plans, programs and activities of local treasury and assessment offices in the conduct of tax collection drives and tax information and education campaigns. * ¢, Conduct regional training programs, seminars, workshops and other allied activities for the improvement of the administrative and technical skill in the local treasury offices. * 2. Undertake measures that would lead to efficient administration of local treasury operations. Chapter 4. The Roles and Responsibilities of Local Treasurers 2. The following are the dlities anid fesponsibltos ofthe Provincial, City, and except: Municipal Treasurer * a, Collection of Local Revenues * b, Collection of Real Property Tax * ¢. Custody and Requisition of Accountable Forms *d. General and maa Functions, 3. The provincial, city or municipal treasurers or his deputy shall prepare a certified list of all foal property toc datinguoncles. which remained uncollected or unpaid for at least one fear in his jurisdictions and submit the same to the sanggunian concerned on or before: * a. April 14 of each year + b.July 15 of each year BCL ec. aaa each ini © e. None of the above E Reviewer |4 4, The Local Treasurer shall ‘on or before: eo nen 14 of each yer ‘© c September 5 of each year * d. December 31 of each year * @. None of the above 5. The CityoF Municipal Treasurer, jointly with the i or Murilpa Accountant, shall issue a a. Apfil 14 of each year July 15 of each year ) © d. December 31 of each year +e. None of the above 6, The Local Treasurer shall be a member of the following Local Committees and Boards . Local Finance Committee c. Bids and Awards Committee 4. Local School Boards e. Appraisal Committee for purposes of expropriation and purchase of real property Chapter 5. Other Roles of the Local Treasurer Specific role of the Local Treasurer in the of Local Government Units include the following ‘a. Update on the tax information system b. Advice on the adequacy of taxes, fees and charges and continued relevance of certain impositions c. Update on the adjustment of fees and charges d. Dissemination of tax ordinances and revenue measures | 8, The Local Government Code of 1991 allows the wa ies © 6. 10 years d. 15 years ‘+ @. None of the above 9. The shall b © b.5.9 members © 6. 10-12 members d. 10-15 memberse. Any number 10. Itis an chaired by the Secretary of DBM. 1a. Bids and Awards Committee b. Local School Boards . Local Finance Committee @. Appraisal Committee 11. The upon the termination of the counting of the votes shall be placed in separate envelopes, sealed and signed by all members of the board apa avered by @COMELEErpresertatve to ‘a. Provincial Treasurer «. Provincial Fiscal d. Provincial Election Supervisor 2. None of the above 12. The Board of Canvassers must complete thoir canvass in the within: a, 24 hours: b. 38 hours 48 hours 2, 96 hours. 13. The Board of Canvassers must complete their canvass in the withit a. 24 hours c. 48 hours 4.72 hours 2, 96 hours: 14, The Board of Canvassers must complete their canvass in the ities within: a. 24 hours b. 36 hours d. 72 hours, 2. 96 hours, Chapter 6. Bond for Local Treasurers and Other Accountable Officers of Local Government Units 15. The procedure for bonding are as follows. 1. Notice to the Bureau of the Treasury . General Form No. 57 (A) . General Form No, 58 (A) d. Endorsement to the Bureau of the Treasury 16. with the Fidelity Fund immediately upon assumption of office in the amount to be determined by the Sangguniang Barangay but BCLTE Reviewer |5 a. Php Smillion © b.Php t million ‘+c. Php 100,000.00 4, . a 50,000.00 47. At what percentage of their total value should the corresponding bond for Accountable Forms involving Cash Tickets, Cattle Registration Certificates, and Marriage Certificates be? 22.5% © b.10% © 6. 18% d. 20% = 0.25% 48.An the amount of the bond shall be in accordance with the Schedule of Cash Accountabilit “i Trowover thatthe amount of oti . Php 1 milion c. Php 100,000.00 . Php 50,000.00 fe. Php 10,000.00 49. The Fidelity Fund shialliNOt be used for the following + a. Toreplace fines imposed on bonded officialsiemployees as a result of eriminal corwietion for violation of the Revised Penal Code or any penal lave. ‘+c. Toanswer the liability of a bonded official/employee convicted of estafa through falsification of public documents in his/her capacity as private individual ‘* d. To refund the accountability of a bonded official/employee found short in accountability but not removed or relieved of the duties. © @. None of the above. 20. Approved fidelity Bonds are valid: © a. For years b. For 3 years © d.For 6 months ‘© ©, During the duration of appointment God bless! ANSWERS. 1.d|2013.d14b/Scl6a| 70/8 b1 9a] 10.4 | 11.b | 12d | 13.b | 14.¢ | 18. | 16. 17.b | 18a | 19.b | 20.c1. Itrefers to collected or received forming the accretions of funds of the local government unit. © a. Taxes = b. Revenue ©. Cash collection © 8. Profit 2. Ithas the power to create its own sources of revenue and to levy taxes, fees and charges ‘subject to the provisions of the Local Government Code of 1991, consistent with the basic policy of local autonomy. a. Province =o. City d. Congress @. Office of the President 3. The authority of the government to classify the object of taxation, to be valid, must be reasonable and this requirement is not deemed, satisfied a. Its based upon substantial distinctions which make the real differences. ©. These are germane to the purpose of the legislation or ordinance. * . The classification applies, not only to present conditions, but, also, to future conditions substantially identical to those of the present. * d. The classification applies equally to all those who oe to the same class. 4, The following describe what the taxes, fees. and other impositions shall be cent ‘* _ b. equitable and based as far as possible on the taxpayer's ability to pay. c. levied and collected only for public purposes. d. not unjust, excessive, oppressive, or confiscatory. not contrary to law, public policy, national ‘economic policy, or in restraint of trade. 5. The following are the requirements for a local ordinance to be valid ‘a. not contravene the Constitution or any stature. b. not be partial or discriminatory. be general and consistent with public policy. BCLTE Reviewer |6 e. None of the above 6. The conduct of public hearings shall be governed by the following procedure a. Pre-publication/posting and written notices to interestediaffected parties . Public hearing prior to enactment of the tax. ordinance or revenue measure ©. Preparation of minutes by the secretary of the sanggunian 4d. Approval and publication of tax ordinance and revenue measures | 7. The ) the sangguniang panlalawigan, sangguniang panlungsod, or sanggunian bayan. ‘© a. Within 15 days in the case of a province ‘* b. Within 10 days in the case of a city © _c. Within 10 a in the case of a municipality © e.None of the above | 8. Approved ind revenue measures shall be a. 3 days from approval ' 16 days from approval d. 30 days from approval 2. 60 days from approval 9. The shall b. 10 days from approval ©. 15 days from approval 4. 30 days from approval 2. 60 days from approval no action has been taken by the sangguniang panlalawigan withit 1 ot an ordnance may be made tte SecretaryofJustice who shall render a Socsion witine 25 daye om resp of he appeal b. 10 days from receipt of the appeal 0:18 days fom roeipt ofthe appeal d. 30 days from receipt of the appeal 12. The prescribed by the local government unit:a. isa fine between Php 1,000.00 ~ Php 5,000.00 ».is imprisonment from 4 to 6 months d. shall only be either of the above @. shall always be both of the above 13. The following are some of the taxes, fees and charges specifically reserved to. * a. Professional Tax (Sec. 139, LGC) * . Tax on Business of Printing and Publication (Sec. 136, LGC) d. Franchise Tax (Sec. 137, LGC) . Amusement Tax (Sec. 140, LGC) 14, The following are the taxes, fees and charges that may be levied by the : a. Community Tax (See. 156, LGC) b. Fees for Sealing and Licensing of Weights and Measures (Sec. 148, LGC) . Fishery Rentals, Fees and Charges (Sec. 149, LGc) + 9, Fees and Charges on Business and Occupation (Sec. 236, LGC) 415, EXCept the rates of professional and amusement taxes, the rates of taxes that the city may levy may exceed the maximum rates allowed for the province or municipality by not ANSWERS 1.412b|3.0/4a/5.d/ 6.017.418. b| Mal 1d] te] 120] 13b| 14d 15.8 1. The rate of tax on stores or retailers with fixed business establishments with the case of in the case of 1a, 5% on such gross sales or receipts ». 4% on such gross sales or receipts cc. 3% on such gross sales or receipts d. 2% on such gross sales or receipts 2. The application for Barangay clearance for any business or activity shall be acted upon within © a. 24 hours from filing thereof + 6.3 re ‘or from sing thereof BCLTE Reviewer |7 © d.15 working days from fling thereof +e. None of the above 3. The barangay may levy reasonable fees and charges for the following ‘* a. On commercial breeding of fighting cocks, cockfights and cockpits ‘*c. On places of recreation which charge admission fees ‘+d. On billboards, signboards, neon signs, and outdoor advertisements ‘© @. None of the above 4, Local government units share from the income generated by the national government from all taxes and revenue sources for the following except: a. Internal Revenue Allotment (IRA) b. Tobacco Excise Tax ¢. Proceeds from the uilizaton of national wealth within their territorial jurisdiction 4. Special shares from other national taxes, particularly on ECOZONES and specified portions of tho Value Added Tax 5, It refers to a shortfall of revenues against disbursements. +a. Bankruptcy + _b. Fiscal Losses c. * d. Variance * ©. Public sector def 6. The share of all provinces from the total annual Internal Revenue Allotment (IRA) shall be at an allocation of it © a, 20% b. 30% 86. 34% + 4.23% © 2.33% 7. The the total annual Internal Revenue Allotment (IRA) shall be at an allocation of: = 2.20% b.30% © 4.23% © 0.33% 8. The the total annual Internal Revenue Allotment (IRA) shall be at an allocation of: b. 30% ©. 34% 23% 2. 33% 9. shall be Internal Revenue Allotment (IRA) chargeableagainst the 20% share of the barangay from the total IRA a. Php 20,000.00 b. Php 40,000.00 ec. rp 69.990 00 ‘8. Php 100,000.00 10. The individual shares in Internal Revenue Allotment (IRA) of each LGU shall be direct to the provincial, city, municipal, or barangay treasurer, as the cease may be, oft aa ony basis a semi-annual basis d. an annual basis e. None of the above 14. At what the Internal Revenue Allotment (IRA) for the year be mandatory for each LGU to asset aside in its ropriation . 30% 2. None of the above 12, It refers to the natural resources situated within the Philippine territorial jurisdiction including lands of public domain waters, minerals, coal, petroleum, mineral oils, potential energy forces, gas and oil deposits, forest products, wildlife, flora and fauna, fishery and aquatic resources and all quarry products. a. Land resources: b. Sovereignty c. Forestry 4. National territory 413, From the Gf08S'6oll66tiON derived by the national government from the preceding fiscal the LGU shall, in addition to the IRA, have a share of: a. 10% b. 20% ©. 30% «@, None of the above 14. In lieu of the national and local taxes, BCLTE Reviewer |8 = 4.10% 2 2.12% 415. Other common sources of LGU revenues outside taxation, fees and charges, and shares in national taxes and wealth are the following b. Sale of Fixed Assets . Contributions d. Sale of Waste Materials «. Interest Income ANSWERS: te|2c]3b|4e|5c]6d|7.c/8. a[ 9d] 10.b | 11.c]120| 13d] 14.c| 16.4 #6 CHAPTER 2 COLLECTION OF REVENUES AND OTHER RECEIPTS: 41, For drawing of checks payable to the LGU, under he circumstances shall the following checks be accepted «a. Post-dated or Stale checks © c. Indorsed checks ‘+d. Checks crawn payable to “Cash’ +2, Checks crawn payable to the name of the Head of the LGU or any of its officers 2. Upon receipt of the dishonored check and debit memo from the depository bank concerned, the collecting officer or Local Treasurer shall accomplish the “ Dishonor” and sign it in behalf of the local chief executive within: * a. 24hours . 2 oda © d.Sdays © e.7 days 3, The local chief executive upon the recommendation of the Local Treasurer, shall immediately transmit the certified copies of the dishonored check, debit memo from the bank and notice of dishonor ‘+ a. 24 hours from receipt of the notice of dishonor ‘+b. 2 days from receipt of the notice of dishonor +c. 3 days from receipt of the notice of dishonor ‘© 0.7 days from receipt of the notice of dishonor 4, UileSS the court shall direct otherwise, pending their redemption, dishonored checks shall remain in the custody of: + a. Local Chief Executive b. COA Auditor* ©. Local Accountant od. ca bank 5. The fotowing are Accountable Forms with re value © b. Cash Tickets ©. Cottificate of Transfer of Large Cattle ©, Certificate of Ownership of Large Cattle * 9, Marriage License Cerificate 6. Issuance of Accountable Forms to bonded officers has to be in sul ‘on their actual needs ‘a. 1 month © ¢.6 months © dt year = @. None of the above 7. All Provincial, City and Municipal Treasurers shall deposit their funds and maintain deposit accounts with Land Bank of the Philippines and Development Bank of the Philippines. By way of and they may likewise do so with the following '¢ a. Bank of the Philippine Islands © b. Philippine National Bank * c.Philippine Postal Savings Bank + di Philippine Veterans Bank «2. Al Amanah Islamic Investment Bank of the Philippines 8. The with the city or municipal treasury ‘or in the depository account maintained in the name of the barangay © a. 1 day after receipt thereof «© b.2 days after receipt thereof 203 sors after receipt thereof 8.7 days after receipt thereof 9. Itrefers to in government securities and/or fixed term deposits with authorized government depository banks. +a Idle funds * Collections © Taxes +d. Bank deposits 2. Cashin Treasury 10. The Treasurer shall maintain the following cashbooks except: 1, Cashbook ~ Cash in Treasury * 5. Gashbook — Cash in Bank ‘+ ©, Cashbook — Daily Recording +d. Cashbook ~ Cash Advances + @.None of he above 11. It shall be and other BCLTE Reviewer |9 authorized personnel receiving collections outside of the local government office. a. The Treasurer's Cashbook ‘+b. The Teller's/Collector’s Cashbook ‘© c, Certificate of Transactions in the Cashbook ‘© d. The Liquidating Officer's Cashbook ‘* 0, None of the above Itshall by Tellers, Field and Market Collectors, and remittances to the Local TreasureriCashier. © a. The Treasurer's Cashbook ‘* _b. The Teller's/Collector’s Cashbook ‘© _c, Certificate of Transactions in the Cashbook © e.None of the above 43. The shall be a. Tollers/Collectors: b. Liquidating Officers c. Local Treasurer/Cashier d. None of the above Chapter 3. Examination of Books of Accounts and Pertinent Records of Businessmen by Local Treasurers 14. The following shall govern the examination by the Local Treasurer of books of accounts and pertinent records of businessmen a. Examination of Books of Accounts and Pertinent Records of Businessmen b. Authority to Conduct Examination or provide the Written Authority to qualified officers d. Time, Frequency and Certification e. Access to the Bureau of Internal Revenue Records 15. In cas records are and other wi ownerlrepresentative, eoutaati.sou be b.5 days o. 7 days © d.18days © 0.30 days 416. The deputized Examiners shall perform the following activities ‘+a. Review of pertinent records of the business establishment to be examined ‘+b. Review of the working papers, if any, of the business establishment, if previously examined © c. Submission to the Owner/President of the business establishment to be examined the Letterof Appointment/Authority to conduct the ‘examination +d. Acceptance of books of accounts and documents for verification/examination 47. It shows the comparison between the gross receipts/sales declared per business permit pplication and the gross receiptsisales as appearing in the sales documents examined. a. Letter of Contfirmation/Certficate of Confirmation/Certficate of Examination , Tax Data Working Papers or Tax Data Sheet «. Letter of Assessment/Assessment Notice d. Tax Data and Assessment Form «2. None of the above 48.1 based ‘on the computed understatement of salesireceipts declared in the business permit application, the amount of surcharges and penalties, the interest on the deficiency tax assessed, as well as the signatures of the Examination Team and the Local Treasurer. © a. Lotter of Confirmation/Cortifcate of Confirmation/Certificate of Examination ©. Tax Data Working Papers or Tax Data Sheet +c Letter of Assessment/Assessment Notice * 9, None of the above 19. It shows the amount of tax deficiency inclusive of penalties, surcharges and interest resulting from the conduct of the examination. + a. Letter of Confirmation/Certificate of Confirmation/Certiticate of Examination *_b. Tax Data can a or Tax Data Sheet +d. Tax Data and Assessment Form * 8, None of the above 20. Its . Tax Data Working Papers or Tax Data Sheet . Letter of Assessment/Assessment Notice d. Tax Data and Assessment Form @. None of the above ANSWERS 1.b12c13d14e/5al6bl7al8 d [9a] 10.¢| 11.b | 12d 13.6 | 14.0] 16.a | 16.e| 17.b | 18.4] 19.¢ | 20.2 1. The following are the general classification of funds except! BCLTE Reviewer |10 «a. Trust Fund © ©. Special Fund © d. General Funé ‘* e. None of the above objectives in accordance with special regulations, restrictions or limitations, and constitutes an independent fiscal and accounting entity. ©. Government Fund © b. Special Funds *c. Local Funds © e. Trust Fund 3. It consists of ‘which are available for the payment of expenditures, obligations or purposes not specifically declared by law as accruing and chargeable to, or payable from, any other fund (Sec. 308, LGC) © a. Government Fund ob ca Funds © d.Fund © 0. Tust Fund 4. The General Fund maintains Special Accounts for the following ‘+ a. Development projects funded from the share of the local government unit concerned in the internal revenue allotment. ‘+b. Public utilities and other economic enterprises. ec. — and maintenance of ple schools. ‘+ e.Loans, interests, bond issues, and other contributions for specific purposes. 5. It shall . agent or administrator, or which have been received as guaranty for the fulfillment of some obligation. +a. Trust Funds +b. Special Funds ‘+c. Reel property tax proceeds © d. Local Funds + @ General Funds 6. The approves the applicable tax on real property * a. Educational research ‘© c, Operation and maintenance of public schools +d. Purchase of books and periodicals *e. Construction and repair of schoo! buildings, facilities and equipment determines and from the7. The fe ng ae ome ar a. Disbursements or disposition of government funds or property shall invariably bear the approval of the proper officals. . Disbursements or disposition of government funds or property shall invariably bear the approval of the proper officals. . Fiscal responsibilty shall be shared by all those ‘exercising authority over the financial affairs, transactions, and operations of the local government units, d. Claims against government funds shall be supported with complete documentation Chapter 2. Concept of Appropriation, Allotment, Obligation and Expenditure 8. Itrefers to an authorization made by 9fdinanee, directing the payment of goods and services from local government funds under specified conditions or for specific purposes. a. Savings . Government resolution ©. Budget e. General Fund 9. The lotowing —_ ‘a. Supplemental Appropriation . Annual Appropriation d. Continuing Appropriation 2. None of the above 10. This refers to , Such as those for the construction of physical structures or for the acquisition of real property or equipment, ‘a. Supplemental Appropriation b. Treasury Appropriation . Annual poperrcten @. None of the above 14 his is by current economi poltcal or social conditions, ee which proved to be inadequate or insufficient for the a ees intended. . Treasury Appropriation BCLTE Reviewer |1L «. Annual Appropriation 4. Continuing Appropriation + 8.None of the above 42. This is 5. etc., authorized by the ‘sanggunian as necessary for the regular operations of the local government unit during any given year. ‘* a, Supplemental Appropriation . PRE ion +d. Continuing Appropriation + @.None of the above emt oe . Allotment cc. Appropriation d. General Fund 2. Allotment System 14. itis or authorizations made by appropriation ordinance, directing the payment of goods and services from local government funds under specified conditions or purposes. a. The Local Budget b. Allotment . Appropriation d. General Fund for specified amounts within its appropriations. «a. The Local Budget © c. Appropriation © d. General Fund © 0. Allotment System 16. This is the yearly overall financial plan of the local government unit equivalent to its approved appropriation ea ree Performance Targets ©. Obligation * d.Cash Program © e. Allotment 47. This lander each program/activity/project for ch departmentloffice based on the historical data of peaks and slumps of activities/tasks and the peculiar requirements of certain PIAIPs. © b. Local Budget Matrix © c, Obligationd. Cash Program e. Allotment 418, This must be able to facilitate the management of cash ‘such that it is available when itis needed for payment of obligations land at the same time optimizes its utilization. 2 Physical Pertrmance Targets b. Local Budget Matrix * c. Obligation * 2. Allotment 19. This ref to th for and in behalf of the local government unit concerned. + a. Physical Performance Targets, +b. Local Budget Metrix ‘+. Obligation +d. Cash Program © @. Allotment 20. The under the following oa. ETT pepromaton * c. Not-Needing Clearance © d. Reserve + e. Later Release ANSWERS 1b] 2d|3c/4d|/5a/6b/7e/8 d19.b | 10.4] 11a] 120] 13.a| 14.0 15.b | 16.b | 17.a | 18.d | 19.¢ | 20.b #8 CHAPTER 2 CONCEPT OF APPROPRIATION, ALLOTMENT, OBLIGATION AND EXPENDITURE 1. The following provides for the St@pslinithe b, The Head of the requesting office in the local government unit shail prepare the Obligation Request and the Disbursement Voucher. c. The Local Budget Officer shall cerify as to the existence of available appropriation that has been legally made for the purpose and shall maintain the appropriate Registries of Appropriation, Allotments and Obligations. d. The Local Accountant shall certify the obligation of allotment and completeness of supporting documents. @. None of the above BCLTE Reviewer |12 2. This for current operating expenditures, capital outlays and provisions for retirement of long term obligations. ‘+a, Current Operating Expenditures +b. Unnecessary Expenditures +o. Irregular Expenditures © @. Capital Outlays 3. This refers to or for benefits expected to terminate within the fiscal year. © b. Unnecessary Expenditures ©. regular Expenditures © d. Government Expenditures © ©. Capital Outlays 4. This refers to ‘unit concemed. 2. Current Operating Expenditures b. Unnecessary Expenditures «. Irregular Expenditures 4. Government Expencitures 5. This signifies that the | regulations, procedural guidelines, policies, principles or practices that have gained recognition in law. a. Unnecessary Expenditures b. Extravagant Expenditures c. Excessive Expenditures ‘* e. Unconscionable Expenditures 6. This pertains to or the obligation of a good father of a family, thereby not responsive to the exigencies of the service. ‘+a Unnecessary Expenditures b. Extravagant Expenditures oc. Excessive Expenditures 4. Iregular Expenditures fe. Unconscionable Expenditures 7. tt signifies @xBeHSES without knowledge or sense of what is rant reasonable and just and a. Unnecessary Expenditures b. Extravagant Expenditures ©. Excessive Expenditures d. Irregular Expenditures 8. This ci unreasonabl sepensesce a. Unnecessary Expenditures +b. Extravagant Expenditures:d. Irregular Expenditures , Unconscionable Expenditures 9. This signifies those These expenditures exceed the bounds of propriety and are immoderate, prodigal, luxurious, wasteful, grossly excessive, and injudicious. a enocossay Serie c. Excessive Expenditures d. Irregular Expenditures e. Unconsclonable Expenditures 10. The following are considered ifregulat expenditures except: sare eeepmert ad property wihout the proper Wenicaton or ventory martings b, Reimbursement of expenses incurred by pettora ater han averted epresctaives of fre Gu tratending conferences nosnge and diner offen * _c. Payment for emergency purchase, where there @. Bringing home government motor vehicles after office hours by officials to whom these are assigned. 11. The a. Grant of overtime pay for work that is not urgent in nature as to require completion within @ specified time or that can be undertaken during regular office hours. , Expenses for advertisement of anniversaries, ‘tc., in newspapers, television or radio merely for Publicity or propaganda purposes. . Use of air conditioners when not needed, or ‘even during the absence of the official in whose room the air conditioner is installed. © d. Use of table lamps while working in the office where the room is adequately illuminated from the oi sore 12. Excessive Expenditures signify unreasonable expense or expenses incurred at an immoderate quantity or exorbitant price. The price is excessive if it is between than the price for the item bought and the price for the same item per canvass of the auditor. 2 2.33 + b.10 © 0.20 4.15 + 2.90 13. To determine if the price is excessive following factors may be considered except BCLTE Reviewer |13 ‘* a. Supply and Demand Forces in the Market, b. Government Price Quotations d. Warranty of Products or Special Features © e. Brand of Products 414. The following expenditures are considered ‘+b. Overpricing of purchases characterized by grossly exaggerated or inflated quotations, in excess of the current and prevailing market price by a 10% variance from the purchased item. ‘*c. Payment for repair of government equipment at a cost exceeding 30% of the current market price of the same or similar equipment. ‘+d. Expenditures for supplies and materials in quantities beyond that required and needed by the LGU for a determinable period, resulting in overstocking, e. None of the above. 15. The following expenditures are considered exwavagant except ‘+a, Purchase of luxurious and expensive office furnishings for office buildings. ‘+b. Purchase of wines, liquors, cigars and cigarettes, +c. Installation of highly sophisticated outdoor signs, billboards and neon signs advertising the office, 2. None of the above. ANSWERS, 1. al[2d/3a/4015.4/6 al7.e18¢19b| 10d | tte] 12b| 13¢| 14a| 15.0 #9 CHAPTER 3 DISBURSEMENTS OF LOCAL FUNDS 4. Itconstitutes either in currency, by check, through bank and electronic transfers, telegraphic transfers, letters of credit, credit/debit cards and other non-conventional modes of payment. © a. Local Funds . Appropriations = d. Savings ‘*d.None of the above 2. Disbursements of public funds shall be guided by the following prohibitions exeept: * a Advance Payments ‘© b. Expenditures for Religious or Private Purposes ‘© c. Expenses for Reception and Entertainment* _d. Cash Overdraffs in the Treasury following ‘a. Certification as to existence of appropriation that has been legally made for the purpose by the Local Budget Officer. b. Certification as to necessity, legality, as well as to the validity, propriety and legality of support documents by the head of the requesting department or office. . Certification in the Disbursement Voucher by the Local Accountant and the Local Treasurer. +d. Approval by the Local Chief Executive. | the followin ». Certification by the Local Treasurer . Certification by the Local Accountant . Approval by the Local Chief Executive e. Necessary documents are attached to the disbursement vouchers/payrolls. Its | of government employees. a. Human Resource Budget b. General Payroll . Daily Wage Payroll d. Local Fund 6. These are thos © a, Commutable Allowances * _b. Honoraria to officials and employees c. Special Cash Advances | + 8. Salaries and Wages 7. These are those for other legally authorized purposes. © a. Commutable Allowances * _b. Honoraria to officials and employees * d. Regular Cash Advances + 8. Salaries and Wages 8. The cash advance for, the recurring ‘expenses of the agency for: sa esas * ct quarter © d.6 months © 9.1 year 9, The Accountable Officer may request ————— BCLTE Reviewer |14 = 2.10% b. 25% = 6, 50%. ‘* @, None of the above. 40. The which document(s): a. Written authority by the Local Chief Executive b. Approved application for bond . Estimate of expenses d. None of the above 14. The amount of the cash advance shall be The Accountable Officer shall submit a Report of Disbursements: =a. Within 3 cai after the end of each month ‘© c. Within 10 days after the end of each month ‘© d.Within 18 days after the end of each month, ‘* ©. Within 30 days after the end of each month, 12. Travels and payment of travel expenses of officials and employees of National Government Agencies © a. 10days b. Joao © d.45 days © 0.60 days 43. The shall be in the amount of: «a. Php 500.00 © d. Php 5,000.00 ‘*@. Any amount as requested 414. Thi ‘shall be supported by which document(s): a. Travel Order b. Itinerary of Travel c. Authority from the President to claim Representation Expenses, when applicable. ‘© d. Certification of the local official or employee concemed duly verified by the Local Accountant to the effect that no clothing allowance had been received during the next preceding 24 months, if clothing allowance is being claimed. shall the prescribed period of: ‘+a. 3days after each 15 daylend of the month pay period © ©. 15 days after each 15 daylend of the month pay period ‘* d.30 days after each 15 daylend of the month pay period+ 2. None of the above God bless! ANSWERS icl2el3el4a/5el6.d/7.018 b/ 9d] 10e] 1b] 126] 13b] 46 15.b 1 shall be the prescribed period of: © a.3 days after the end of the year © b.5 days after the end of the year c. 15 days after the end of the year © 0,30 days after the end of the year to the Collecting Officer 3. shall be reports and documents + a Report of Disbursements +b. Approved Requisition and Issue Voucher with the Certificate of Emergency Purchase, if necessary + ©. Receipts, Sales Invoices ‘* d. Certificate of Acceptance/Inspection 4, Examples of the use of intelligence and/or confidential expenses are as follows except: * a, Purchase of information relevant to security and peace and order. __ ee © &. Payment of rewards +d. Rentals and other incidental expenses related to the maintenance of safe houses. * 2, Purchase of supplies, materials and equipment necessary for intelligence and confidential operations andlor projects. The of the actual receipts derived from basic real property tax in the next preceding calendar year. 3 5 1 0 BCLTE Reviewer |15 e. None of the above Chapter 4. Barangay Appropriations, Commitments and Disbursements 6. The Barangay Kagawad who is designated as Chairman of the Committee on Appropriation shall be responsible in monitoring the approved appropriations and the charges against the following funds except: a. 20% Development Fund b. Calamity Fund wc. Seegang Kabataan Fund @. Gender and Development Fund 7. The following are classified as Personal Sonices except: 2. Salaries and Wages (Regular) © _b. Salaries and wee (Contractual) d. Honoraria e. Cash Gift 8. The in the |. b. Weekly . Atthe end of the month d. On or before the Sth day of the following month 2. None of the above . Atthe end of the month d. On or before the Sth day of the following month @. None of the above 10. The to the City/Municipal Accountant for recording of the checks issued in the books. a. Dailyd. On or before the Sth day of the following month * 2. None of the above 12.The ind gopies shal be to the following 1a. Local Auditor concerned ». City/Municipal Accountant . Attached to the cityimunicipal Disbursement Voucher ood. Barangay Teasi>t 13. The maintained by depository bank © a. Within 3 es after the end of the si ies +c. Upon demand by the Barangay Treasurer © d, Upon full release of the amount to intended. recipiants + 2. Within 15 days after the end of the pay period Chapter 5. Sangguniang Kabataan Budget © 0.3% © 620% 2. None of the above 15. Sanggunian Kabataan budgeting is the ‘same as that of the other LGUs. The major phases are the following exept! 2. Budget Preparation b, Budget Authorization + ©: Budget Review and Execution J. Buca ‘Accountability and Reporting ANSWERS 1d|2a|3e/4b/5a/6di7c]8 a/ 9b] 10d] 11.c] 126] 13.b| 14a 15.e 4. tis th It comprises mechanisms, processes, and institutions through which citizens and groups articulate their interests, exercise their legal rights, meet their obligations, and mediate their differences. BCLTE Reviewer |16 © a. Cash Programming Tools © b. Cash Flow from Operating Activities © ¢.Cash Flow Forecast +d. Good Governance ‘+ @. Cash Management and Programming 2.1t and at the same time optimize its utilization, ensure that released allotments are adequately covered by available cash andior future collections, and provide information to facilitate the control of. expenditures, +a. Cash Programming Tools ‘+b. Cash Flow from Operating Activities © c. Cash Flow Forecast © 4. Good Governance +8. Cash Management and Programming 3.1t such as Cash Flow Forecast and the Cash Flow Analysis. ‘+a. Cash Programming Tools ‘© b. Cash Flow from Operating Activities ©. Cash Flow Forecast © d. Good Govemance ‘+ @. Cash Management and Programming 4. ttis of the local jovernment unit for the fiscal year of each month. ‘+a. Cash Programming Tools © _b. Cash Flow from carers Activities ‘*d. Good Governance ‘+ @. Cash Management and Programming ‘such as from collection of taxes, share from IRA, payment to creditors and employees, otc. *a.Cash ea Tools © ¢, Cash Flow Forecast ‘* d. Good Governance +. Cash Management and Programming ‘* a. Cash Flow from Investing Activities *_b. Cash Disbursement Forecast ‘+. Cash Flow from Financing Activities: +d. Cash Flow Analysis ‘+ 8. Cash Receipts Forecast 7. It pertains to ‘such as real estate, machineryb. Cash Disbursement Forecast . Cash Flow from Financing Activities d. Cash Flow Analysis 2. Cash Receipts Forecast B.Itis ‘0 be prepared by all collecting units, All receipts shall also be classified into ‘operating, financing and investing activities. ‘a. Cash Flow from Investing Activities b. Cash Disbursement Forecast . Cash Flow from Financing Activities d. Cash Flow ao 9. Itis a’sehedule of alllexpenditiires to be prepared by the local treasury personnel in charge of expenditures and disbursements. a. Cash Flow from vesting Activities + ¢. Cash Flow from Financing Activities © d. Cash Flow Analysis © 2. Cash Receipts Forecast 10. Itis used to guide the Local Chief Executive, the Local Treasurer, and the Local Budget Officer © a. Cash Flow from Investing Activities * _b, Cash Disbursement Forecast * _c. Cash Flow from Financing Activities * 2. Cash Receipts Forecast 11. [tis the ». Time value of money cc. Net Present Value d. Discounted Rate of Return @. Annual Cash Inflow 12. [tis ind equal to the cash inflows from projected sales and or service fees minus the estimated cash ‘outflows for operational expenses. * a. Present Value Index * b, Time value of money © ¢. Net Present Value * 4d, Discounted Rate of Return * @ Annual Cash Inflow 13. It refers to the expected increase in its considering the prevailing interest rates, the and opportunity cost of capital and similar factors. «a. Present Value Index +. Net Present Value * d, Discounted Rate of Return © @. Annual Cash Inflow BCLTE Reviewer |17 14. itis and a. Present Value Index b. Time value of money c. Net Present Value 4. Discounted Rate of Return @. Annual Cash Inflow ‘* a. Present Value Index «_b. Time value of money © d. Discounted Rate of Retum © e. Annual Cash Inflow 16. It refers to the estimated useful life of an or that length of period during which benefits can be derived therefrom. a. Cost of money c. Sorap value d. Payback Period e. None of the above 17. Itrefers to or number of yer twill take the a. Cost of money b. Economic life c. Scrap value e. None of the above 48. The LGU should consider long-term for the acquisition, maintenance and replacement or expansion of physical assets (including land) * a. tyear ob. sje © 4.10 years ‘* 0, None of the above 49, Cash Programming Tools such as Cash Flow Forecast and Cash Flow Analysis can Bes the fotowing information except bb. Excess in the collection of taxes and other revenues c. Under-collection of taxes and other revenues 4d. Under-disbursement or excess in the disbursement e. Large amount of idle cash that may be invested 20. When funding competing capital projects, the viability and approvability of the project and its funding from long-term debt should beassessed based on the following factors «Servet he Local Chit Beste * b. Nature of the project and uses of funds © ¢, Cost-benefit analysis of the project © d, Expenditure plan and sources of debt financing * 9, None of the above ANSWERS 1d|2e|3al4e/5.b/6c/7.a/8 21 9.b | 10d] 11.4] 12.6 | 13.b | 14.d | 15.¢| 18.b| 17.d| 18c| 19a | 20.4 #12 CHAPTER 2 ACCOUNTABILITY, RESPONSIBILITY, AND LIABILITY OF LOCAL ‘TREASURERS FOR FUNDS AND PROPERTY 1, It refers to the answerability of every public bificer whose duties permit or require the possession or custody of government funds or property and who shall be accountable therefor and for the safekeeping thereof in conformity with law, * a. Liability b. Public Service dd. Honesty * 8. Responsibility assigned or imputed role of an individual or group participating in organizational activities or decision. * a.Liability ©, Public Service © ¢. Accountability 4. oN {such as the Local Treasurer, Collecting Officer, Disbursing Officer, Cashier, Paymaster, and Property Officer) who is required by law to render account to the ‘Commission on Audit. ‘a. Persons aaeee . Local Treasurer d. Persons Liable 2. None of the above The arising from the post-audit of ‘transaction or examination of the cash and accounts of an accountable officer. 1a. Persons Responsible b. Accountable Officer * _c. Local Treasurer * 2, None of the above 5. The for compliance BCLTE Reviewer |18 se as called for inthe hotiee of © b. Accountable Officer © c Local Treasurer © d. Persons Liable ‘* 0, None of the above 6. A written notification by the Auditor to the agency head and the accountable officer concerned * a. Disallowance ‘* _b. Settlement ‘© d. Termination * e Suspension a. Disallowance ‘© c. Certificate of Settlement and Balances © d. Termination ‘© ©. Suspension a. Disallowance b. Settlement ©. Certificate of Settlement and Balances d. Termination le. 9. The disapproval in audit of a transaction, either in whole or in part. b. Settlement c. Certificate of Settlement and Balances d. Termination ©. Suspension 10. These are items of property, plant and and are referred to as such because of their and because they are © a. Quick Assets ob, a) © d. Equity © e. Curent Assets 11. The following are examples of fixed assets © a. Equipment © b. Furniture and fixtures © c.Land © 0. Building 12.8audit of a transaction or examination of the cash and accounts of an accountable officer a. Quick Assets +b. Liability © c. Fixed Assets +d. Equity © 9, Current Assets 13. ora readily marketable investment. 1a, Quick Assets b. Liability c. Fixed Assets 14.8 * b. Liability * Fixed Assets © 4 Equity © @. Current Assets 15. Itis the a. Settioment * ¢. Reconsideration © d. Complaint * 2. None of the above God bless! ‘ANSWERS 4.¢|2e|3b/4d/5.a|6¢/7.b/8 e 19a] 10.¢| 11.d| 12.b 13.0] 14.2] 15.b 4. When a Local Treasurer or officer accountable for government funds or property absconds with them, dies, or becomes incapacitated in the performance of his duties, in the case of funds and property of the province, city and municipality, the designation of a custodian to take charge of the funds or property until ‘+ a. President of the Philippines * b, Local Chief Executive *__c. Governor * 9. COA Director 2.Whena while they are in transit or the BCLTE Reviewer |19 loss is caused by fire, theft, or other casualty or force me the offi therefor or having custody thereof concerned and, unk allows a longer period, shall present his b.45 days ©. 60 days d.90 days e. None of the above 3, The sealing of safe and other cash receptacles shell be resorted to by the xamining officer onh the following exceptional cases except The absence or nonappearance ofthe accountable office or he count B. When the accountable officer refuses fo submit Fimeet to cash examination. ¢. Aninferapton or the nen-compltion of the count during the day o the necessity of controling Cash, cash teme and records Gin cases of deceased, Incapactated or absoonding accountable oer pending the cash Count to be conducted by @ committee rested to make an inventory of hie cash, cash tome and tier accountable. 4. The following shall be Ea ‘+ a. Post-dated Checks and Treasury Warrants ‘+ b.Chits, 1OUs, Vales or other forms of Promissory Notes ‘+c, Cash and cash items ‘* d. Demonetized Bills and Coins and Unacceptable Mutilated Bills «. Private Checks not made payable to the agency or the official title or designation of the agency head 5, After the cash examination is completed, the auditor shall prepare and submit a ‘© a. Introduction = b.Fingings +c. Recommendations + d.All of the above ‘+ @. None of the above 6. A person who, by direct provision of the law, perform in said government or in any of its branches public duties as an employee, agent, or subordinate official, of any rank or class. 'b. Accountable officer . Auditor d. Local Treasurer 8. Examining officer7. arising in the accounts settled by them to the Commission on Audit and to the proper Local Treasurer, Collectin Officer, or Disbursing Officer, a. 30 days, b.45 care . 90 days, @. None of the above 8. Unless extended in writing and for good if after receipt of the certificate or notice itis not satisfactorily explained within: a. 30 days 45 days 60 ea @., None of the above reof as of a given date, oa Not per . Notice of Disallowance d. Notice of Charge e. Credit Notice 410. It shall be the agency head and the accountable officer concerned onthe suspended . Certificate of Settlement and Balances . Notice of Disallowance d. Credit Notice . Audit Observation Memorandum 11, It shall be used and the agency head, the accountable officers concerned, and the other 1. Notice of Suspensions b. Certificate of Settlement and Balances d. Notice of Charge @. Credit Notice 10 inform the latter of the amount allowed in audit and any suspensions andlor disallowance mado. 2, Notice of Suspensions b. Certificate of Settlement and Balances ¢. Notice of Disallowance BCLTE Reviewer | 20 «d. Notice of Charge Itshall be used and the agency head, accountable officer concerned ‘+a. Notice of Suspensions © b. Certificate of Settlement and Balances * _c. Notice of Disallowance © @. Credit Notice 44. The for every accountable officer and for each fund 7m b. 30 days after the end of each quarter c. 60 days after the end of each quarter d. 80 days after the end of each quarter e. None of the above 45, It shall be requiring commentireply thereto within the period specified therein. a. Notice of Disallowance. «. Credit Notice d. Auditor's Order e. None of the above God bless! ANSWERS. td] 2a|3e14c| 5.41 6.a/ 7.018 d [9b] 10a] 11.c¢] 120/134] 4a] 15.b fail to voluntarily settle the disallowances and charges after the decision has become final and executor. +a Notice of Disallowance bb. Audit Observation Memorandum *_c. Credit Notice ‘* e. None of the above 2. All transactions which are irregular, unnecessary, excessive and extravagant and those which are illegal and unconscionabl These areb. Grounds for Charges cc. Grounds for Suspension d. Grounds for Termination @, None of the above 3. Transactions or accounts which could otherwise have been settled for some documentary or technical requirements and those the legality/propriety/regularity of which the auditor doubts, but by the parties concerned. These are: a. Grounds for Disallowance *_b. Grounds coo © d. Grounds for Termination * 2. None of the above 4, When there is * a. Grounds for Disallowance +c. Grounds for Suspension © d, Grounds for Termination © 9, None of the above 5. The liability of public officers and other persons for audit disallowances shall be determined on the basis of the following a. Nature of the Disallowance », Duties, responsibilities or obligations of the officers/persons concerned © c. Extent of their participation or involvement in the disallowed transaction © d. Amount of losses or damages suffered by the eo oo 6. ‘the Report, Certificate of Settlement and Balances, Order or Decision of © a. 1 month *_b.3 months © d.12 months = @. None of the above Chapter 3. Administrative, Civil, and Criminal Liabilities of Local Treasurers in the Administration 7. Under R. A. No. 7160, ‘of the LGU with wae on shall be pone Z the BCLTE Reviewer |2L ‘+ b.Afine between Php 1,000.00 ~ Php 5,000.00 or by imprisonment between 1 — 6 months or both ‘* ©. Afine between Php 200.00 — Php 10,000.00 or penalty of prision correccional in its minimum period or both ‘© d. Sufficient ground for administrative disciplinary action against the officials and employees involved ‘+ @. Automatic dismissal from the service after due notice and hearing 8 Under the Revised Penal Code, such as (1) Demanding, directly or indirectly, the payment of sums different from or larger than those authorized by law, (2) Failing voluntarily to issue a receipt, as provided by law, for any sum of money collected by him officially, (3) Collecting or receiving, directly or indirectly, by way of payment or otherwise, things or objects of nature different from that provided by law, ‘* a. Afine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both ‘+b. Afine between Php 1,000.00 ~ Php 5,000.00 or by imprisonment between 1 — 6 months or both ‘© d. Sufficient ground for administrative disciplinary action against the officials and employees involved ‘* 0, Automatic dismissal from the service after due notice and hearing 9. Under R. A. No. 7160 and without prejudice to criminal prosecution under the Revised Penal Code and other applicable laws, after the expiration of the time prescribed, or who is found guilty of abusing the exercise thereof by competent authority shall be punished by: ‘* a. Afine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both ‘+ b.Afine between Php 1,000.00 ~ Php 5,000.00 or by imprisonment between 1 — 6 months or both ©. A fine between Php 200.00 — Php 10,000.00 or penalty of prision correceional in its minimum Period or both ‘+d. Sufficient ground for administrative disciplinary action te the officials an eres involved 410. Under R. A. No. 7160, the ‘* a. Afine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both ‘+ b.Afine between Php 1,000.00 ~ Php 5,000.00 or by imprisonment between 1 — 6 months or both ‘*c.Afine between Php 200.00 ~ Php 10,000.00 or penalty of prision correccional in its minimum eriod or both* 2. Automatic dismissal from the service after due notice and hearing 11. Under R. A. No. 7160, by the Local punished by: * a. Afine not exceeding Php 500.00 or by shir not pc 1 month or both * c.Afine between Php 200.00 — Php 10,000.00 or penalty of prision correccional in its minimum period or both +d. Sufficient ground for administrative disciplinary action against the officials and employees involved * 8, Automatic dismissal from the service after due notice and hearing Treasurer shall be if the amount involved is: =a. Php 200.00 - Php 2,000.00 +b. Php 2,000.00 ~ Php 6,000.00 * c. Php 6,000.00 ~ Php 12,000.00 * 9, None of the above 13. Any public officer who is shall suffer the penalty of if the amount involved is: +b. Php 2,000.00 ~ Php 6,000.00 © Php 6,000.00 - Php 12,000.00 © d. Php 12,000.00 — Php 22,000.00 © 9, None of the above 14, An public officer who is shall suffer the penalty of |. if the amount involved is: =a. Php 200.00 - Php 2,000.00 * . ce 2,000.00 — cae 000.00 © d. Php 12,000.00 ~ Php 22,000.00 * 9, None of the above 15. Any public officer who is shall suffer the penalty of the amount involved is: + a. Php 200.00 - Php 2,000.00 ©, Php 6,000.00 - Php 12,000.00 © d. Php 12,000.00 — Php 22,000.00 © 9, None of the above BCLTE Reviewer [22 God bless! ANSWERS: 1.d/2a|3c14.b|5.016c/7.a18 cl] Ge] 10d | 11.b/ 12d] 13a] 14.c| 4. Itrefers to the plus the cost of transportation, handling, and installation at the resent site. This is aj b. Actual Use c. Ad Valorem Tax d. Market Value e. Amortization + a. Acquisition Cost *_b. Actual Use © d. Market Value © e. Amortization 3. tre byt ea ae Cost * c.Ad Valorem Tax © d. Market Value e. Amortization amounting t of parts involving capital expenditures and labor, which is intended to enhance its value, beauty or utility or to adapt it for new or further purposes. a. Appraisal b. Assessment c. Assessment Level to 5. itis the © b. Assessmentc. Assessment Level d. Re-assessment . Improvement 6.Itis the property, particularly real estate, as the result ‘of general, partial, or individual reappraisal of the property. 1. Appraisal b. Assessment c. Assessment Level @. Improvement 7. Itis the . including the discovery, listing, classification, and appraisal of properties. a cai * c. Assessment Level © d. Re-assessment © 9, Improvement © a Appraisal * b.Assessment © d. Re-assessment © @. Improvement 9. Itis the price at which a property may be sold by a seller who is not compelled to sell and bought by a buyer who is not compelled to buy. © a. Assessed Value + 5. ae Value * d. Remaining Value * 2. Replacement or Reproduction Cost 10. Itis the in acquiring an , or the of the property on the basis of current prices with the same or closely similar material © a. Assessed Value +b. Depreciated Value © ¢. Fair Market Value ood. come Value 41. Itis the a. Assessed Value ©. Fair Market Value © d. Remaining Value * 2. Replacement or Reproduction Cost © a. Assessed Value BCLTE Reviewer |23 +b. Depreciated Value * _c. Fair Market Value ‘* @, Replacement or Reproduction Cost 43. Itis It Is gynonymous to +b. Depreciated Value + 0. Fair Market Value +d. Remaining Value 9. Replacement or Reproduction Cost 14, it embraces iiaehiiés, equipment, mechanical contrivances, instruments, appliances, or apparatus which may or may not be attached, permanently or temporarily, to the real property. + a. Useful Life +b: Remaining Economic Life +c. Assets © J. Economic Life 45, Itis the a. Useful Life ‘© b. Remaining Economic Lite © c.Assets ‘* d. Economie Life © @. Machinery a. Useful Life b. Remaining Economic Life ©. Assets: 4d. Economic Life @. Machinery 47. itis and is not classified as agricultural, commercial, timber, mineral, or residential land. © a. Commercial Land © Idle Lands * d. Mineral Lands © e. Residential Land 48. [tis and is not classified as agricultural, industrial, mineral, timber, or residential land, ‘+a. Commercial Land b. Idle Lands ©. Industrial Land d. Mineral Lands ©. Residential Land 419, Itis land principally devoted to habitation. a. Commercial Land b. Idle Lands c. Industrial Lendd. Mineral Lands 20. These are sufficient quantity or grade to justify the necessary expenditures to extract and utilized such materials. a. Commercial Land ». Idle Lands «. Industrial Land @. Residential Land God bless! ANSWERS tal 2e|3b|4e/5.a/6d17.b18 ce] Se] el 11b|12d| 13a] ae] 15.b| 16.4 | 17.c | 18a | 19.6 | 20.4 appraisal, assessment, levy and collection of real property tax shall be guided » the following fundamental principles a. Real property shall be appraised at its current and fait market value. . Real property shall be assessed on the basis of ‘a uniform classification within each local government unit d. The appraisal, assessment, levy and collection of real property tax shall not be let to any private person. @. The appraisal and assessment of real property shall be equitable. 2. A province of ety of munlelpalty within Metropolitan Manila Area shall fix a uniform rate of basié real property tax applicable. to their respective juredetion. FOProvinees, st what mmo rate of tho Asosaed Value poudthe levy be? b. 2% ©. 3% . 5% 2. 10% 3. A province or city or municipality within Metropolitan Manila Area shall fix a uniform rate of basi¢ real property tax applicable to at what maximum rate of the Assessed Value should the levy be? a. 1% 6.3% d. 5% 2. 10% BCLTE Reviewer | 24 4. For at what of the assessed value of the property may a province or city, or a ‘municipality within the Metropolitan Manila ‘Area levy an annual tax in addition to the ba: real property tax? + 21% © b.2% © 6.3% © 2.10 5. For who has thi authority to impose the additional SEF tax? a. Local Treasurer b. Local Chief Executive . Barangay Chairman d. Municipality 6. A province, city or municipalit by the LGU concerned. The tax ordinance imposing the levy shall meet the following requirements BXGSBE ‘* a, Describe with reasonable accuracy the nature, extent, and location of the public works projects or improvements to be undertaken. ‘+b. State the estimated cost of the public works: projects or improvements, ‘© d. Specify the meters and bounds by monuments and lines. © e. Specify the number of annual installments for the payment of the special levy. 7. The following are exempt from reall property +a. Autonomous regions ‘©. Provinces and sub-provinces © d. Cities and municipalities © e. Barangays 8 It refers to vested special functions or jurisdiction by law, endowed with some if not all corporate powers, administering special funds, and enjoying autonomy, usually through a charter a. Local Government Unit b. Sanggunian c. Local Treasurer 2. Congress 9. The real properties owned by the following government-owned or controlled corporations. are from the real property tax+ a. Philippine Economic Zone Authority +b. Bauang Private Power Corporation ©. McArthur Park and Beach Resort *d. Lang Bank of the eae 10. The : which shall be superior to any lien, mortgage, * ‘or encumbrance of any kind whatsoever, and « ‘shall be extinguished only upon the payment of the delinquent tax, oni +a. April 15 ©. January 31 * d. September 30 © @. December 31 1. containing a list of all persons whose real properties have been newly assessed or re-assessed and the values of such properties, on: © a April 15 © bJanuary 1 © c January 31 . ood. Soporber 30 : 12, For the current year, the City or Municipal, Treasurer shall, in the case of the basic real property tax for the SEF, post the notice of the dates when the tax may be paid without interest at a conspicuous and publicly accessible place at the city or municipal hall, © a April 15 b. January 4 +d. September 30 © @, December 31 43. The owner of the real property or the person having legal interest therein may pay the real property tax and the additional tax for SEF due thereon, © a. January 1, April 1, July 1, and October 1 =. ti 31, ia 30, iu 31, and October 31 © d. April 15, July 15, October 15, and December 31 = @. None of the above 14. For a protest to the Provincial, City Treasurer, or Municipal Treasurer in the case of a municipality within Metropolitan Area, b. 45 days . 60 days 4d. 6 months © @.2yeers BCLTE Reviewer | 25 45, The Provincial, City Treasurer, or Municipal ‘Treasurer in the case of a municipality within Metropolitan Manila Area shall decide the Droteat fled by the taxpayer when the payment was made under protest, within: a. 30 days b. 45 days d. 6 months e. 2 years ANSWERS. 1.b|2a|3b/4d/5e|6c/7.b/8 d|9e/10.b| 11.e] 12¢| 130] 14a] 18.¢ 4, An act providing for the , Penalties for unlawful use thereof, and other purposes. a. R.A. No, 7160 b.R.A. No, 6657 c.R.A.No. 6810 R.A. No. 7279 2. An act instituting a éompretiensive agrarian ‘reform program to promote social justice and industrialization providing the mechanism for its implementation and for other purposes. a. RA No. 7160 Ie¥ied under Title 2, Book Il of R. A. No. 7160 shall, from the date they become due, be b.7 years ©. 10 years d. 15 years ©. 20 years , an administrative or judicial action may be instituted for the collection of the same, a. 5 years ob? ea d. 15 years ©. 20 years5. The period of presetiption within which to collect the real property tax levied under Title 2, Book Il of R. A. No. 7160 * a. The Local Treasurer is legally prevented from collecting the tax. +c. The owner of the property or the person having legal interest therein requests for re-investigation and executes a waiver in writing before the expiration of the period within which to collect. * d. The owner of the property or the person having logal interest therein is out of the country or otherwise cannot be located * 9, None of the above 6. The Warrant of Levy shall be mailed to or served upon the delinquent real property son having legal interest the and after receipt of the same, the = a.3days b.5 days © d. 15 days * 2.30 days ora usable portion thereof as may be necessary to satisfy the tax delinquency and expenses of ‘sale which shall be © b.Sdays © ©. 10 days ood. ser & It is issued by concerned, together with the official receipt the Local Treasurer and tax clearance which shall in effect on the property ifthe of the real property or person having legal interest therein the date fixed for the sale. ». Proof of Service . Warrant of Levy d. Certificate of Redemption @. Certificate of Sale 9. It is containing the name of the purchaser, a description of the property sold, the amount of the delinquent tax, the interest due thereon, the expenses of sale and brief description of the proceedings. * a. Certificate of Release * _. Proof of Service BCLTE Reviewer |26 © c. Warrant of Levy © d. Certificate of Redemption + @. Certificate of Sale 40. It is or person having I invalidating the Certificate of Sale issued to the purchaser if he pays the amount of the delinquent tax, including the interest due thereon and the expenses of the sale plus + a. Cerificate of Release +b. Proof of Service *__c. Warrant of Levy ‘+d. Cerificate of Redemption + ©. Certificate of Sale 11. In case there is Rolbiddet for the real property advertised for sal the local Treasurer shall purchase the property in behalf of the LGU concerned. by paying to the Local Treasurer the full amount of the real property tax and the related interest and cost of the sale © a. 6 months +b tyear ©. 2years © d.3 years © 2. Syears 12. For real estate taken for taxes, fees or . charges, the sanggunian concerned may, ordinance duly approved, may dispose of the | property acquired under Section 263 of R. No 710 ape aiston upon nate of + a Sdays 2b og © d.30days ‘* 0, None of the above 13. The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, lease or disposition, sale or redemption of property acquired by public auction by the province shall be distributed accordingly. At b. 70% ©. 40% 4. 50% 2. 25% 414, The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, lease or disposition, sale or redemption of property acquired by public auction by the province shall be distributed accordingly. At what percentage of theproceeds will accrue to the barangay where the property is located? 3.35% b. 70% 6. 40% d. 50% 15, The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, lease or disposition, sale or redemption of property acquired by public auction by the province shall be distributed accordingly. At what percentage of the accrue to the General Fund of God bless! ANSWERS 1d12b13al4c/5b16cl7.e18 al%e] 10d] 11.b| 12¢] 13a] 146] 15.c 4. The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, lease or disposition, sale or redemption of property acquired by public auction by the city shall be distributed accordingly. At a. 30% 6. 40% . 50% 8. 25% 2. The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, lease or disposition, sale or redemption of property acquired by public auction by the province shall be distributed accordingly. At what percentage of the roceeds will accrue to the a. 20% b. 70% . 40% 2. 25% 3. The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, lease or disposition, sale or redemption of property acquired by public auction by the province shall be distributed BCLTE Reviewer 127 accordingly. At what roceeds shall be distributed amon percentage of the the b. 70% ©. 40% 4.50% 2. 25% Chapter 2, Business and Other Local Taxes 4, These are those within its territorial jurisdiction. * a. Amusement Places b. Aare Product © d.Businoss © 9, Amusement 5, Itincludes the yield of the soil, such as corn, wheat, rye, hay, coconuts, sugarcane, tobacco, root crops, vegetables, fruits, flowers and their by-products; ordinary salt; all kinds of fish; poultry; and livestock and animal products, whether in their original form or not. +a. Amusement Places © c. Business taxes © d.Businoss © 9, Amusement 6A Itis synonymous to relaxation, avocation, pastime, or fun. a. Amusement Places bb. Agricultural Product c. Business taxes d. Business 7. These include where one seeks admission to entertain oneself by seeing or viewing the show or petormance . Agricultural Product c. Business taxes d. Business 2. Amusement 8. It means * a. Amusement Places © b. Agricultural Product *__c. Business taxes © -e. Amusement 9. It include non-bank financial intermediaries, lending investors, finance and investmentcompanies, pawnshops, money shops, insurance companies, stock markets, stock brokers and dealers in securities and foreign exchange, as defined under applicable law, or rules and regulations thereunder. * a. Central Bank * _. Credit card eee * d. Financial service providers +8. Banking investments 10. itis the or which he contributes to the capital of a partnership, corporation, or any other juridical entity or association in a particular taxing jurisdiction. * a Comporation © ¢, Contractor d. Countryside and Barangay Business Enterprise 2. Charges 11. These refer to 1a, Corporation b. Capital Investment Contractor ood. comet and Barangay Business Enterprise 12. It includes under Section 139 of R. A. No. 7160, , regardless of whether or not the performance of the service calls for the exercise or use of the physical or mental faculties of the +a. Comporation ob. a Investment * d. Countryside and Barangay Business Enterprise © @.Charges or his employees. 43. It includes partnerships, no matter how created or organized, joint-stock companies, joint accounts (cuentas en patticipacion), associations or insurance companies. +b. Capital Investment © ©, Contractor © d, Countryside and Barangay Business Enterprise * 9, Charges These are those imposed by a local government unit on the privilege of engaging in business, occupation and other activities within its territorial jurisdiction. © a. Amusement Places +. Agricultural Product © d. Business © 2. Amusement 5. It includes the yield of the soil, such as corn, rice, wheat, rye, hay, coconuts, sugarcane, tobacco, root crops, vegetables, fruits, flowers BCLTE Reviewer |28 and their by-products; ordinary salt; all kinds of fish; poultry; and livestock and animal products, whether in their original form or not. a. Amusement Places . Business taxes d. Business e. Amusement 6. A pleasurable diversion and entertainment. Itis synonymous to relaxation, avocation, pastime, or fun. a, Amusement Places . Agricultural Product c. Business taxes d. Business 7. These include theaters, cinemas, concert halls, circuses and other places of amusement Where one seeks admission to entertain oneself by seeing or viewing the show or formance. ’. Agricultural Product c. Business taxes d. Business fe. Amusement 8. It means trade or commercial activity regularly engaged in as a means of liv or with a view to profi a. Amusement Places b. Agricultural Product c. Business taxes iihood 8. Amusement 9, It include non-bank financial intermediaries, lending investors, finance and investment companies, pawnshops, money shops, insurance companies, stock markets, stock brokers and dealers in securities and foreign exchange, as defined under applicable law, or rules and regulations thereunder. a. Central Bank b. Credit card companies d. Financial service providers @. Banking investments 40. It is the capital which a person employs in any undertaking, or which he contributes to the capital of a partnership, corporation, or any other juridical entity or association in a particular taxing jurisdiction. . Contractor d. Countryside and Barangay Business Enterprise e. Charges 14, These refer to pecuniary liability, as rents or fees against persons or property. a. Corporation b. Capital investment* ©. Contractor 4. Comty ide and Barangay Business Enterprise 12. It includes persons, natural or juridical, not subject to professional tax under Section 139 of R. A. No. 7160, whose activity consists essentially of the sale of all kinds of services for a feo, regardless of whether or not the performance of the service calls for the exercise or use of the physical or mental faculties of the contractor or his employees. * a. Corporation ob. copie Investment * d. Countryside and Barangay Business Enterprise © @.Charges 13. It includes partnerships, no matter how created or organized, joint-stock companies, joint accounts (cuentas en participacion), associations or insurance companies. ». Capital Investment . Contractor d. Countryside and Barangay Business Enterprise e. Charges ‘a. Corporation . Capital Investment . Contractor + 8. Charges 45. It means one He stands immediately between the producer or manufacturer and the consumer and depends for his profit not upon the labor he bestows upon his commodities but upon the skill and foresight with which he watches the market. * a Gross Sales or Receipts ©. Franchise © d. Foe © 2 Operator God Bless! EI 2.d|3.a/4c/5.b|/ 6.617.018. el a 10.b| 11e] 12¢] 13a] 4d] BCLTE Reviewer | 29 a. Gross Sales or Receipts b. Dealer c. Franchise 8. Operator 2.Iisa interest which is conferred upon private Persons or corporations, under such terms and conditions as the government and its political subdivisions may impose in the interest of public welfare, security, and safety. 2a, Gross Seles or Receipts . Dealer d. Foe 2. Operator 3. It included the total including the amount charged or materials supplied with the services and the deposits or advance payments actually or constructively received during the taxable quarter for the services performed or to be performed for another rson, . Dealer . Franchise d. Foe ©. Operator in such manner as to prepare it for Special use or uses to which it could not have been putin its original condition. a. Marainal Farmer or Fisherman . Municipal Waters d. Motor Vehicle e. Businessman 5. It refers to an which shall be limited to the sale, barter or exchange of agricultural or marine products produced by himself and his immediate family, and poverty line established by NEDA for the Particular region or locality, whichever is higher. b. Manufacturer c. Municipal Waters d. Motor Vehicle e. Businessman6. Itmeans but excluding road rollers, trolley cars, ‘street sweepers, sprinkles, lawn mowers, bulldozers, graders, forklifts, amphibian trucks, and cranes. © a, Marginal Farmer or Fisherman *b. Manufacturer ©. paeae +e. Businessman 7.1 included between two Ines drawn perpendicularly tothe General toasting tone relma where, the Boundary ines of the mlunielpaligfOFcy touch the sea at low tide and a third line parallel with the general coasting and «a Marginal farmer or Fisherman 2 Manufacturer © d. Motor Vehicle © 9, Businessman 8, Itincludes the owner, manager, administrator, or rs she or en a Residents. , Peddler cc. Persons ivilian 9. Itmeans. a. Residents c. Persons © d. Operator * e. Civilian 10. ue refer to cai sg ge = a Residents +. Peddler © d. Operator © 8. Civilian 11. It refer to juridical persons for which the law or any other provisions creating or recognizing them fixes their residence in a particular province, city or +. Peddler * Persons BCLTE Reviewer 130 d. Operator e. Civilian Itmeans a irrespective of the quantity of the commodity sold. a. Wharfage b. Wholesale d. Vessel @. Operator 43. It includes every type of boat, craft, or other artificial contrivance used, or capable of being used, as means of transportation on water. a. Wharfage: b. Wholesale c. Retail 8. Operator 14, It means based on quantity, weight, or measure received andlor discharged by vessel. b. Wholesale . Retail d. Vessel e. Operator 45. It means regardless of the quantity of the transaction. a. ynatege c. Retail d. Vessel ©. OperatorBCLTE Reviewer [31