Ma. Theresa A.

Aclan February 8, 2022

45022 AcctgGov 9:00-10:00
AC_ACCTGGOV ACT. 01

PROBLEM 1

1. A) Government Accounting
2. B) Commission on Audit
3. D) Promulgating Accounting and Auditing Rules and Regulations
4. C) Non-Stock, Non-Profit Hospital
5. B) Reliability
6. D) Relevance
7. A) Inter-comparability
8. A) Substance
9. A)Comparability
10. B) Bureau of Treasury
11. D) Zero-Based Budgeting
12. A) Zero-Based Budgeting
13. D) The current year’s budget is formulated without regard to the previous year’s budget.
14. D) Budget Call from DBMM
15. D) Performance Review
16. A) Notice of Allocation
17. B) Allotment
18. C) Appropriation
19. D) Obligation
20. B) Responsibility Center

PROBLEM 2

Requirement 1
A. No journal entry required. The appropriation will be recorded in the Registry of Appropriations and Allotments (RAPAL).

B. No journal entry required. The allotment will be recorded in the Registry of Appropriations and Allotments (RAPAL) and Registries of
Allotments, Obligations and Disbursements (RAOD).

C. No journal entry required. The obligations will be recorded in the Obligation Request and Status (ORS) and Registries of Allotments, Obligations
and Disbursements (RAOD).

D. Cash-Modified Disbursement System (MDS), Regular 430,000

Subsidy from National Government 430,000

E. Salaries and Wages, Regular 70,000

Personal Economic Relief Allowance (PERA) 10,000

Due to BIR 18,000

Due to GSIS 4,000

Due to Pag-IBIG 1,000

Due to PhilHealth 2,000

Due to Officers and Employees 55,000

Advances for Payroll 55,000

Cash-Modified Disbursement System (MDS), Regular 55,000

Due to Officers and Employees 55,000

Advances for Payroll 55,000

F. Office Equipment 200,000

Accounts Payable 200,000

Depreciation-Machinery and Equipment 38,000

 Accumulated Depreciation – Office Equipment 38,000

Accounts Payable 200,000

Due to BIR 12,000

Cash – Modified Disbursement System (MDS), Regular 188,000

H. Office Supplies Inventory 100,000

Due to BIR 5,000

Cash – Modified Disbursement System (MDS), Regular 95,000

I.Office Supplies Expense 90,000

Office Supplies Inventory 90,000

J. Advances to Officers and Employees 20,000

Cash – Modified Disbursement System (MDS), Regular 20,000

Advances to Officers and Employees 17,000

Cash – Modified Disbursement System (MDS), Regular 17,000

Cash – Collecting Officers 3,000

Advances to Officers and Employees 3,000

Cash – Treasury/Agency Deposit, Regular 3,000

Cash – Collecting Officers 3,000

K. Cash – Collecting Officers 40,000

Permit Fees 40,000

To recognize collection of unbilled service income.

Cash-Treasury/Agency Deposit, Regular 30,000

Cash – Collecting Officers 30,000

L. Water Expenses 5,000

Electricity Expenses 10,000

Due to BIR 2,000

Cash – Modified Disbursement System (MDS), Regular 13,000

M. Cash-Tax Remittance Advice 37,000

Subsidy from National Government 37,000

Due to BIR 37,000

Cash-Tax Remittance Advice 37,000

N. Due to GSIS 4,000

Due to Pag-IBIG 1,000

Due to PhilHealth 2,000

Cash-Modified Disbursement System (MDS), Regular 7,000

Requirement 2

UNADJUSTED TRIAL BALANCE

ACCOUNTS DEBIT CREDIT

Cash - Collecting Officers 10,000

Cash-Treasury/Agency Dep., Reg. 33,000

Cash-MDS, Regular 52,000

Cash-Tax Remittance Advice –

Office Supplies Inventory 10,000

Office Equipment 200,000

Accumulated Depreciation –

Equipment 38,000

Advances for Payroll –

Advances to Officers and Employees –

Accounts Payable –

Due to Officers and Employees –

Due to BIR –

Due to GSIS –

Due to Pag-IBIG –

Due to PhilHealth –

Accumulated Surplus (Deficit) –

Permit Fees 40,000

Subsidy from National Government 467,000

Salaries and Wages, Regular 70,000

PERA 10,000

Travelling Expenses - Local 17,000

Office Supplies Expense 90,000

Water Expenses 5,000

Electricity Expenses 10,000

Depreciation-Machinery & Equipment 38,000

TOTAL 545,000 545,000