Professional Documents
Culture Documents
2019 edition
Angelito R. Punzalan & Milagros M. Cardona
a. Government Auditing
b. Government Budgeting
c. Government Accounting
d. National Government
a. Commission on Audit
b. Department of Budget and Management
c. National Government Agencies
d. Legislative Department
3. What is the role of the Bureau of Treasury in relation to government accounting responsibility?
a. To receive and keep national funds and manage or control disbursements thereof.
b. To design, prepare and approve the accounting systems of government agencies.
c. To keep the general accounts of the national government.
d. To prepare the annual financial report of the national government, its instrumentalities and
government-owned or controlled corporations.
4. What is the legal basis of the Commission on Audit in promulgating accounting and auditing rules
and regulations?
a. PD 1445
b. Constitution of the Republic of the Philippines
c. COA Circular No. 2002-003
d. PD 1445 and the Constitution of the Republic of the Philippines
5. According to COA Cir. No. 2013-002 dated January 30, 2013, the New Government Accounting
System, effective January 1, 2014, uses a standard chart of accounts with
a. Three digits
b. Four digits
c. Five digits
d. Eight digits
6. The books of original entry shall used to record, in time sequence, financial transactions and
information presented in duly certified and approved accounting documents. What is the basis in
recording the financial transactions in the journals?
a. Allotment
b. MDS Checks
c. Notice of Cash Allocation
d. Appropriation
8. The Department of Budget and Management, Department of Finance, Bureau of Treasury, and
Commission on Audit are collectively responsible for the Unified Accounts Code Structure (UACS).
Who is responsible for the validation and assignment of new codes for funding source,
organization, sub-object codes for expenditure items?
9. The Department of Budget and Management, Department of Finance, Bureau of Treasury, and
Commission on Audit are collectively responsible for the Unified Accounts Code Structure (UACS).
Who is responsible for the consistency of account classification and coding structure with the
Revised Chart of Accounts?
10. The Department of Budget and Management, Department of Finance, Bureau of Treasury, and
Commission on Audit are collectively responsible for the Unified Accounts Code Structure (UACS).
Who is responsible for the consistency of account classification and coding standards with the
Government Finance Statistics.
11. The Philippine Public Sector Accounting Standards (PPSAS) shall applied to the following except:
12. Its function is to assist the Commission on Audit in formulating and implementing Philippine Public
Sector Accounting Standards.
a. Board of Accountancy
b. Philippine Institute of Certified Public Accountants
c. Public Sector Accounting Standards Board
d. Philippine Accounting Standards Committee
13. This registry shall be maintained by fund cluster by the Budget Division/ Unit of each government
entity to ensure that allotment releases are within the authorized appropriation.
14. This registry shall be maintained by Appropriation Act, by Fund Cluster, by Major Fund Output or
Program/Activity/Project for personnel services.
15. This form shall be used by the originating offices in the utilization of their approved budget
allocation for off-budgetary and custodial funds, such as SAGF, Internally Generated Funds.
16. It refers to an accounting entity for recording expenditures and revenue associated with a specific
activity for which accounting records are maintained and periodic reports are prepared.
17. It is the accrual or cash basis of accounting as defined in the accrual basis International Public
Sector Accounting Standards (IPSAS) and cash basis (IPSAS)
a. Accounting Basis
b. Accounting Policy
c. Accounting Records
d. Modified Accrual Basis
18. This journal shall be maintained by fund cluster. Only the transactions not recorded in the Special
Journals shall be recorded in this journal.
a. General Journal
b. Cash Disbursements Journal
c. Check Disbursements Journal
d. Advice to Debit Account Disbursements Journal
1. One of the key elements of Unified Accounts Code Structure (UACS) is the Funding Source Codes.
Which of the following is NOT part of Funding Source Codes?
2. Location Codes is a nine-digit code to reflect different area following the Philippine Standard
Geographic Code prescribed by the National Statistical Coordination Board. Which of the following
area is NOT covered by the Location Codes under UACS?
a. Province
b. Municipality
c. Barangay
d. Street
3. Organization Codes is one of the key elements of Unified Accounts Codes Structure (UACS). Which
of the following is NOT one of those reflected by this element?
a. Department
b. Agency
c. Operating Unit
d. Government-Owned and Controlled Corporation
4. For purposes of Unified Accounts Codes Structure (UACS), Constitutional Offices, the Judiciary and
the Legislature are categorized as:
6. It refers to any various units of the government, including an office instrumentality or GOCC that
may not approximate the size of a department, but which nonetheless performs tasks that are
equally important and whose area of concern in nationwide in scope.
a. Central Office
b. Operating Unit
c. Agency
d. Bureau
7. According to Joint Circular No. 2013-1 dated August 6, 2013, the following departments jointly
developed the Unified Accounts Code Structure (UACS), EXCEPT
a. Region
b. Province
c. Municipality
d. Barangay
9. It is the fund available for any purpose that Congress may choose to apply and composed of all
receipts or revenues that do not otherwise accrue to other funds.
a. Custodial
b. General Fund
c. Off-budgetary Fund
d. Revolving Fund
10. These are annual authorization for incurring obligations, in terms of specific amounts for Personnel
Services Maintenance and Other Operating Expenses, Financial Expenses, and Capital Outlays
during a specified budget year, as listed in the General Appropriations Act
a. Automatic Appropriations
b. Continuing Appropriations
c. Supplemental Appropriations
d. New General Appropriations
CHAPTER 3
1) It represents the account classification as to assets, liabilities, equity, income and expenses. ACCOUNT
GROUP
2) It represents classification within account group, e.g. for asset major account: cash and cash
equivalent, etc. MAJOR ACCOUNT GROUP
3) Which of the following is a sub-major account group in a Revised Chart of Accounts? CASH ON HAND
4) Which of the following is INTER-AGENCY receivable in the Revised Chart of Accounts? DUE FROM JOINT
VENTURE
5) Which of the following is INTRA-AGENCY receivable in the Revised Chart of Accounts? DUE FROM
OPERATING UNITS
7) According to the Revised Chart of Accounts per COA Circular 2013-002, which of the following is an
Account Group? ASSETS ACCOUNT
8) According to the Revised Chart of Accounts per COA Circular 2013-002, which of the following is a
Major Account Group? CASH & CASH EQUIVALENT
9) According to the Revised Chart of Accounts per COA Circular 2013-002, which of the following is a Sub-
Major Account Group? FINANCIAL ASSETS AT FAIR VALUE THROUGH SURPLUS OR DEFICIT
10) What is the basis for coding the object classification in the COA Revised Chart of Accounts? ACCRUAL
BASIS