Professional Documents
Culture Documents
3. The provincial, city or municipal treasurers 9. The members of the Bids and Awards
or his deputy shall prepare a certified list of all Committee shall be:
real property tax delinquencies which a. 5-7 members
remained uncollected or unpaid for at least b. 5-9 members
one year in his jurisdictions and submit the c. 10-12 members
same to the sanggunian concerned on or d. 10-15 members
before:
a. April 14 of each year
b. July 15 of each year
BCLTEReviewer|5
a. is a fine between Php 1,000.00 – Php 5,000.00 d. 15 working days from filing thereof
b. is imprisonment from 1 to 6 months
e. None of the above
c. shall be either or both of the above
d. shall only be either of the above 3. The barangay may levy reasonable fees and
e. shall always be both of the above charges for the following except:
a. On commercial breeding of fighting cocks,
13. The following are some of the taxes, fees cockfights and cockpits
and charges specifically reserved to b. On business and occupation
provinces except:
c. On places of recreation which charge admission
a. Professional Tax (Sec. 139, LGC) fees
b. Tax on Business (Sec. 143, LGC) d. On billboards, signboards, neon signs, and
c. Tax on Business of Printing and outdoor advertisements
Publication (Sec. 136, LGC) e. None of the above
d. Franchise Tax (Sec. 137, LGC)
e. Amusement Tax (Sec. 140, LGC) 4. Local government units share from the
income generated by the national government
14. The following are the taxes, fees and from all taxes and revenue sources for the
charges that may be levied by the following except:
municipalities and not otherwise levied a. Internal Revenue Allotment (IRA)
by provinces except: b. Tobacco Excise Tax
a. Community Tax (Sec. 156, LGC) c. Proceeds from the utilization of national wealth
b. Fees for Sealing and Licensing of Weights within their territorial jurisdiction
and Measures (Sec. 148, LGC) d. Special shares from other national taxes,
c. Fishery Rentals, Fees and Charges (Sec. particularly on ECOZONES and specified portions
149, LGC) of the Value Added Tax
d. Tax on Sand, Gravel and Other e. None of the above
Quarry Resources (Sec. 138, LGC)
e. Fees and Charges on Business and 5. It refers to a shortfall of revenues against
Occupation (Sec. 236, LGC) disbursements.
a. Bankruptcy
15. Except the rates of professional and b. Fiscal Losses
amusement taxes, the rates of taxes that the c. Budget deficit
city may levy may exceed the maximum rates
d. Variance
allowed for the province or municipality by
e. Public sector deficit
not more than:
a. 50%
6. The share of all provinces from the total
b. 40% annual Internal Revenue Allotment (IRA) shall
c. 30% be at an allocation of:
d. 20% a. 20%
e. 10% b. 30%
c. 34%
ANSWERS d. 23%
1. d | 2. b | 3. e | 4. a | 5. d | 6. e | 7. d | 8. e. 33%
b | 9. a | 10. d | 11. e | 12. c | 13. b | 14. d |
15. a 7. The share of all municipalities from the total
annual Internal Revenue Allotment (IRA) shall
#5 CHAPTER1 TYPES OF LOCAL INCOME AND be at an allocation of:
REVENUES COLLECTED BY LGUs a. 20%
1. The rate of tax on stores or retailers with b. 30%
fixed business establishments with gross c. 34%
sales or receipts of the preceding calendar d. 23%
year of Php 50,000.00 or less, in the case of e. 33%
cities and Php 30,000.00 or less, in the case
of municipalities, shall not exceed: 8. The share of all barangays from the total
a. 5% on such gross sales or receipts annual Internal Revenue Allotment (IRA) shall
b. 4% on such gross sales or receipts be at an allocation of:
c. 3% on such gross sales or receipts a. 20%
d. 2% on such gross sales or receipts b. 30%
e. 1% on such gross sales or receipts c. 34%
d. 23%
2. The application for Barangay clearance e. 33%
for any business or activity shall be acted
upon within: 9. Every barangay with a population of not less
a. 24 hours from filing thereof than 100 inhabitants shall be entitled to an
b. 3 working days from filing thereof Internal Revenue Allotment (IRA) chargeable
c. 7 working days from filing thereof
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d. On or before the 5th day of the following month a. Cash Programming Tools
e. None of the above b. Cash Flow from Operating Activities
c. Cash Flow Forecast
12. The barangay Disbursement Voucher in
d. Good Governance
4 copies shall be distributed to the following
except: e. Cash Management and Programming
a. Local Auditor concerned
2. It allows Local Treasurers to manage the
b. City/Municipal Accountant
cash such that it is available when it is needed
c. Attached to the city/municipal for payment of obligations and at the same
Disbursement Voucher time optimize its utilization, ensure that
d. Barangay Treasurer released allotments are adequately covered by
e. Punong Barangay available cash and/or future collections, and
provide information to facilitate the control of
13. The cash advance for payroll expenditures.
charged against Barangay Funds a. Cash Programming Tools
maintained by depository bank shall be b. Cash Flow from Operating Activities
liquidated.
c. Cash Flow Forecast
a. Within 3 days after the end of the pay period
d. Good Governance
b. Within 5 days after the end of the pay period
e. Cash Management and Programming
c. Upon demand by the Barangay Treasurer
d. Upon full release of the amount to 3. It aids the Local Treasurer in cash
intended recipients management and programming such as Cash
e. Within 15 days after the end of the pay period Flow Forecast and the Cash Flow Analysis.
a. Cash Programming Tools
Chapter 5. Sangguniang Kabataan Budget b. Cash Flow from Operating Activities
14. At what percentage of the General Fund c. Cash Flow Forecast
of the barangay shall the budget for the d. Good Governance
Sangguniang Kabataan be? e. Cash Management and Programming
a. 10%
b. 3% 4. It is a monthly schedule of anticipated
c. 20% receipts and disbursements of the local
d. 5% government unit for the fiscal year showing the
e. None of the above beginning and ending cash balances of each
month.
15. Sanggunian Kabataan budgeting is a. Cash Programming Tools
the same as that of the other LGUs. The b. Cash Flow from Operating Activities
major phases are the following except: c. Cash Flow Forecast
a. Budget Preparation d. Good Governance
b. Budget Authorization e. Cash Management and Programming
c. Budget Review and Execution
d. Budget Accountability and Reporting 5. It pertains to the receipts from, and
e. None of the above disbursements of cash out of, the regular and
primary operations of the local government
ANSWERS unit such as from collection of taxes, share
1. d | 2. a | 3. e | 4. b | 5. a | 6. d | 7. c | 8. from IRA, payment to creditors and employees,
a | 9. b | 10. d | 11. c | 12. e | 13. b | 14. a | etc.
15. e a. Cash Programming Tools
b. Cash Flow from Operating Activities
c. Cash Flow Forecast
BOOK 4 FUND MANAGEMENT PRACTICES, d. Good Governance
ACCOUNTABILITY, CASH EXAMINATION, e. Cash Management and Programming
SHORTAGES AND SETTLEMENT OF
ACCOUNTS OF LOCAL TREASURERS, AND 6. It includes receipt of cash from bank loans,
LIABILITIES OF LOCAL TREASURERS IN THE proceeds from the floatation of bonds and
ADMINISTRATION OF LOCAL TAXES, FEES, receipts from other types of borrowings.
AND CHARGES a. Cash Flow from Investing Activities
b. Cash Disbursement Forecast
#11 FUND MANAGEMENT PRACTICES
c. Cash Flow from Financing Activities
d. Cash Flow Analysis
1. It is the exercise of economic, political
and administrative authority to manage a e. Cash Receipts Forecast
country’s/local government affairs at all
levels. It comprises mechanisms, processes, 7. It pertains to receipts from the sale,
and institutions through which citizens and acquisition or purchase of long term
groups articulate their interests, exercise their investments such as real estate, machinery
legal rights, meet their obligations, and and other Plant, Property and Equipment.
mediate their differences. a. Cash Flow from Investing Activities
B C L T E R e v i e w e r | 17
assessed based on the following factors requirements as called for in the notice of
except: suspension.
a. Approval from the Local Chief Executive a. Persons Responsible
b. Nature of the project and uses of funds b. Accountable Officer
c. Cost-benefit analysis of the project c. Local Treasurer
d. Expenditure plan and sources of debt financing d. Persons Liable
e. None of the above e. None of the above
ANSWERS 6. A written notification by the Auditor to the
1. d | 2. e | 3. a | 4. c | 5. b | 6. c | 7. a | 8. agency head and the accountable officer
e | 9. b | 10. d | 11. a | 12. e | 13. b | 14. d | concerned of the total suspensions,
15. c | 16. b | 17. d | 18. c | 19. a | 20. a disallowances and charges found in audit, as
well as the settlements thereof.
#12 CHAPTER 2 ACCOUNTABILITY, a. Disallowance
RESPONSIBILITY, AND LIABILITY OF LOCAL b. Settlement
TREASURERS FOR FUNDS AND PROPERTY c. Certificate of Settlement and Balances
1. It refers to the answerability of every public d. Termination
officer whose duties permit or require the e. Suspension
possession or custody of government funds
or property and who shall be accountable 7. The process of determining the status or
therefor and for the safekeeping thereof in balance of the accountability of an accountable
conformity with law. officer.
a. Liability a. Disallowance
b. Public Service b. Settlement
c. Accountability c. Certificate of Settlement and Balances
d. Honesty d. Termination
e. Responsibility e. Suspension
audit of a transaction or examination of the loss is caused by fire, theft, or other casualty
cash and accounts of an accountable officer. or force majeure, the officer accountable
a. Quick Assets therefor or having custody thereof shall
b. Liability immediately notify the Commission on Audit or
c. Fixed Assets auditor concerned and, unless the auditor
d. Equity allows a longer period, shall present his
e. Current Assets application for relief with the available
supporting evidence within:
13. Cash and other assets that are not a. 30 days
earmarked for specific purposes other than b. 45 days
the payment of a current liability or a readily c. 60 days
marketable investment. d. 90 days
a. Quick Assets e. None of the above
b. Liability
c. Fixed Assets 3. The sealing of safe and other cash
d. Equity receptacles shall be resorted to by the
e. Current Assets examining officer only in the following
exceptional cases except:
14. A holding that can be converted into a. The absence or non-appearance of the
cash within a short period of time. accountable officer for the count.
a. Quick Assets b. When the accountable officer refuses to
b. Liability submit himself to cash examination.
c. Fixed Assets c. An interruption or the non-completion of the
d. Equity count during the day or the necessity of controlling
e. Current Assets cash, cash items and records.
d. In cases of deceased, incapacitated or
15. It is the process of elevating to the next absconding accountable officer pending the cash
higher authority a decision, order, or count to be conducted by a committee created to
ruling. make an inventory of his cash, cash items and
a. Settlement other accountabilities.
b. Appeal e. When prima facie evidence of missing
c. Reconsideration funds has been established.
d. Complaint
e. None of the above 4. The following shall be disallowed as credit
to accountable officer’s accountability except:
a. Post-dated Checks and Treasury Warrants
God bless! b. Chits, IOUs, Vales or other forms of Promissory
Notes
ANSWERS c. Cash and cash items
1. c | 2. e | 3. b | 4. d | 5. a | 6. c | 7. b | 8. d. Demonetized Bills and Coins and Unacceptable
e | 9. a | 10. c | 11. d | 12. b 13. e | 14. a | Mutilated Bills
15. b e. Private Checks not made payable to the agency
or the official title or designation of the agency
head
#13 CHAPTER 2 ACCOUNTABILITY,
5. After the cash examination is completed,
RESPONSIBILITY, AND LIABILITY OF LOCAL the auditor shall prepare and submit a final
TREASURERS FOR FUNDS AND PROPERTY narrative report which shall contain:
a. Introduction
1. When a Local Treasurer or officer b. Findings
accountable for government funds or property c. Recommendations
absconds with them, dies, or becomes d. All of the above
incapacitated in the performance of his e. None of the above
duties, in the case of funds and property of
the province, city and municipality, the 6. A person who, by direct provision of the law,
designation of a custodian to take charge of popular election or appointment by competent
the funds or property until a successor shall authority, shall take part in the performance of
have been appointed and qualified shall be public functions in the government, or shall
made by: perform in said government or in any of its
a. President of the Philippines branches public duties as an employee, agent,
b. Local Chief Executive or subordinate official, of any rank or class.
c. Governor a. Public officer
d. Secretary of Finance b. Accountable officer
e. COA Director c. Auditor
d. Local Treasurer
2. When a loss of government funds or e. Examining officer
property occurs while they are in transit or
the
B C L T E R e v i e w e r | 20
d. Notice of Charge
7. Auditors of all government agencies shall e. Credit Notice
certify the balances arising in the accounts
settled by them to the Commission on Audit 13. It shall be used and issued as often as
and to the proper Local Treasurer, Collecting charges are made by the auditor to notify the
Officer, or Disbursing Officer, in such form agency head, accountable officer concerned
as the Commission on Audit may prescribe, and other persons liable for the deficiencies
within: noted in the audit of revenues and receipts.
a. 30 days a. Notice of Suspensions
b. 45 days b. Certificate of Settlement and Balances
c. 60 days c. Notice of Disallowance
d. 90 days d. Notice of Charge
e. None of the above e. Credit Notice
8. Unless extended in writing and for good 14. The Certificate of Settlement and Balances
cause, a charge of suspension by the shall be issued for every accountable officer
accountable officer shall become a and for each fund within:
disallowance if after receipt of the certificate a. 10 days after the end of each quarter
or notice it is not satisfactorily explained b. 30 days after the end of each quarter
within: c. 60 days after the end of each quarter
a. 30 days d. 90 days after the end of each quarter
b. 45 days e. None of the above
c. 60 days
d. 90 days 15. It shall be issued to the agency head and/or
e. None of the above other officials concerned relative to the
findings/observations/other deficiencies noted
9. It summarizes all suspensions, in the audit of accounts/transactions and
disallowances and charges found in audit, requiring comment/reply thereto within the
including the settlements thereof as of a period specified therein.
given date. a. Notice of Disallowance
a. Notice of Suspensions b. Audit Observation Memorandum
b. Certificate of Settlement and Balances c. Credit Notice
c. Notice of Disallowance d. Auditor’s Order
d. Notice of Charge e. None of the above
e. Credit Notice
2. A province or city or municipality within 7. The following are exempt from real property
Metropolitan Manila Area shall fix a uniform tax except:
rate of basic real property tax applicable to a. Autonomous regions
their respective jurisdiction. For provinces, at b. Government-Owned or Controlled Corporations
what maximum rate of the Assessed Value c. Provinces and sub-provinces
should the levy be? d. Cities and municipalities
a. 1% e. Barangays
b. 2%
c. 3% 8. It refers to any agency of National
d. 5% Government, not integrated within the
e. 10% department framework, vested with special
functions or jurisdiction by law, endowed with
3. A province or city or municipality within some if not all corporate powers, administering
Metropolitan Manila Area shall fix a uniform special funds, and enjoying autonomy, usually
rate of basic real property tax applicable to through a charter.
their respective jurisdiction. For cities, or a. Local Government Unit
municipalities of Metropolitan Manila Area, at b. Sanggunian
what maximum rate of the Assessed Value c. Local Treasurer
should the levy be? d. Instrumentality
a. 1% e. Congress
b. 2%
c. 3% 9. The real properties owned by the following
d. 5% government-owned or controlled corporations
e. 10% are not exempt from the real property tax
except:
B C L T E R e v i e w e r | 25
13. The owner of the real property or the 3. The basic real property tax and any other tax
person having legal interest therein may pay levied under Title 2, Book II of R. A. No. 7160
the real property tax and the additional tax for shall, from the date they become due, be
SEF due thereon, without interest, in 4 equal collected within:
installments, to be due and payable as a. 5 years
follows: b. 7 years
a. January 1, April 1, July 1, and October 1 c. 10 years
b. January 31, April 30, July 31, and October 31 d. 15 years
c. March 31, June 30, September 30, e. 20 years
and December 31
d. April 15, July 15, October 15, and December 31 4. In case of fraud or intent to evade payment
e. None of the above of the real property tax, an administrative or
judicial action may be instituted for the
14. For payment of tax under protest, the collection of the same, from the discovery of
taxpayer shall file a protest to the such fraud or intent to evade payment, within:
Provincial, City Treasurer, or Municipal a. 5 years
Treasurer in the case of a municipality b. 7 years
within Metropolitan Area, within: c. 10 years
a. 30 days d. 15 years
b. 45 days e. 20 years
c. 60 days
d. 6 months
e. 2 years
B C L T E R e v i e w e r | 26
proceeds will accrue to the barangay where accordingly. At what percentage of the
the property is located? proceeds shall be distributed among the
a. 35% component barangays of the cities where the
b. 70% property is located?
c. 40% a. 30%
d. 50% b. 70%
e. 25% c. 40%
d. 50%
15. The proceeds of the basic real property tax, e. 25%
including interest thereon, and proceeds from
the use, lease or disposition, sale or
redemption of property acquired by public Chapter 2. Business and Other Local Taxes
auction by the province shall be distributed
accordingly. At what percentage of the
proceeds will accrue to the General Fund of 4. These are those imposed by a local
the municipality where the property is located? government unit on the privilege of engaging
a. 35% in business, occupation and other activities
b. 70% within its territorial jurisdiction.
c. 40% a. Amusement Places
d. 50% b. Agricultural Product
e. 25% c. Business taxes
d. Business
e. Amusement
God bless!
5. It includes the yield of the soil, such as corn,
rice, wheat, rye, hay, coconuts, sugarcane,
ANSWERS
tobacco, root crops, vegetables, fruits, flowers
1. d | 2. b | 3. a | 4. c | 5. b | 6. c | 7. e | 8.
and their by-products; ordinary salt; all kinds
a | 9. e | 10. d | 11. b | 12. c | 13. a | 14. e |
of fish; poultry; and livestock and animal
15. c
products, whether in their original form or not.
a. Amusement Places
# 18 CHAPTER 1 REAL PROPERTY TAX
b. Agricultural Product
c. Business taxes
1. The proceeds of the basic real property tax, d. Business
including interest thereon, and proceeds from
e. Amusement
the use, lease or disposition, sale or
redemption of property acquired by public
6. A pleasurable diversion and entertainment.
auction by the city shall be distributed
It is synonymous to relaxation, avocation,
accordingly. At what percentage of the
pastime, or fun.
proceeds will accrue to the General Fund of
a. Amusement Places
the city?
b. Agricultural Product
a. 30%
c. Business taxes
b. 70%
d. Business
c. 40%
e. Amusement
d. 50%
e. 25%
7. These include theaters, cinemas, concert
halls, circuses and other places of amusement
2. The proceeds of the basic real property tax,
where one seeks admission to entertain
including interest thereon, and proceeds from
oneself by seeing or viewing the show or
the use, lease or disposition, sale or
performance.
redemption of property acquired by public
a. Amusement Places
auction by the province shall be distributed
b. Agricultural Product
accordingly. At what percentage of the
proceeds will accrue to the barangay where c. Business taxes
the property is located or equally to all d. Business
component barangays of the city? e. Amusement
a. 30%
b. 70% 8. It means trade or commercial activity
c. 40% regularly engaged in as a means of livelihood
or with a view to profit.
d. 50%
a. Amusement Places
e. 25%
b. Agricultural Product
3. The proceeds of the basic real property tax, c. Business taxes
including interest thereon, and proceeds from d. Business
the use, lease or disposition, sale or e. Amusement
redemption of property acquired by public
auction by the province shall be distributed 9. It include non-bank financial intermediaries,
lending investors, finance and investment
B C L T E R e v i e w e r | 28
companies, pawnshops, money shops, and their by-products; ordinary salt; all kinds
insurance companies, stock markets, stock of fish; poultry; and livestock and animal
brokers and dealers in securities and foreign products, whether in their original form or not.
exchange, as defined under applicable law, or
a. Amusement Places
rules and regulations thereunder.
b. Agricultural Product
a. Central Bank
c. Business taxes
b. Credit card companies
d. Business
c. Banks and other financial institutions
e. Amusement
d. Financial service providers
e. Banking investments 6. A pleasurable diversion and
entertainment. It is synonymous to
10. It is the capital which a person employs in relaxation, avocation, pastime, or fun.
any undertaking, or which he contributes to
a. Amusement Places
the capital of a partnership, corporation, or
b. Agricultural Product
any other juridical entity or association in a
particular taxing jurisdiction. c. Business taxes
a. Corporation d. Business
b. Capital Investment e. Amusement
c. Contractor
7. These include theaters, cinemas, concert
d. Countryside and Barangay Business Enterprise
halls, circuses and other places of amusement
e. Charges where one seeks admission to entertain
oneself by seeing or viewing the show or
11. These refer to pecuniary liability, as performance.
rents or fees against persons or property.
a. Amusement Places
a. Corporation
b. Agricultural Product
b. Capital Investment
c. Business taxes
c. Contractor
d. Business
d. Countryside and Barangay Business Enterprise
e. Amusement
e. Charges
8. It means trade or commercial activity
12. It includes persons, natural or juridical, not regularly engaged in as a means of livelihood
subject to professional tax under Section 139 or with a view to profit.
of R. A. No. 7160, whose activity consists
a. Amusement Places
essentially of the sale of all kinds of services
b. Agricultural Product
for a fee, regardless of whether or not the
performance of the service calls for the c. Business taxes
exercise or use of the physical or mental d. Business
faculties of the contractor or his employees. e. Amusement
a. Corporation
b. Capital Investment 9. It include non-bank financial intermediaries,
lending investors, finance and investment
c. Contractor
companies, pawnshops, money shops,
d. Countryside and Barangay Business Enterprise
insurance companies, stock markets, stock
e. Charges brokers and dealers in securities and foreign
exchange, as defined under applicable law, or
13. It includes partnerships, no matter how rules and regulations thereunder.
created or organized, joint-stock companies,
a. Central Bank
joint accounts (cuentas en participacion),
b. Credit card companies
associations or insurance companies.
c. Banks and other financial institutions
a. Corporation
d. Financial service providers
b. Capital Investment
e. Banking investments
c. Contractor
d. Countryside and Barangay Business Enterprise
10. It is the capital which a person employs in
e. Charges any undertaking, or which he contributes to
These are those imposed by a local the capital of a partnership, corporation, or any
government unit on the privilege of engaging other juridical entity or association in a
in business, occupation and other activities particular taxing jurisdiction.
within its territorial jurisdiction. a. Corporation
a. Amusement Places
b. Capital Investment
b. Agricultural Product
c. Contractor
c. Business taxes
d. Countryside and Barangay Business Enterprise
d. Business
e. Charges
e. Amusement
11. These refer to pecuniary liability, as rents
5. It includes the yield of the soil, such as corn, or fees against persons or property.
rice, wheat, rye, hay, coconuts, sugarcane,
a. Corporation
tobacco, root crops, vegetables, fruits, flowers
b. Capital Investment
B C L T E R e v i e w e r | 29