1.

The major classifications of expenses in government accounting include all of the following
except CAPITAL OUTLAY
2. It is.a disbursement authority issued by DBM to departments with overseas operations,
allowing them to income collected by their foreign posts to their operating requirements.
NCAA
3. Agency ABC is a national government agency. During the year, Agency ABC incurred
obligations in the amount of P5,000,000, of which P 3,000.000 were for the purchase of
equipment. Under the new system, what is the journal entry to obligation incurred? MEMO
ENTRY ONLY IN THE REGISTRY
4. Which of the following is NOT considered when directly computing the translation adjustment
for foreign financial statements? ALL ARE CONSIDERED…
5. This shall be the authority of the regional and operating units to pay their operating
expenses, purchases of supplies and materials, acquisition of PPE, accounts payable, and
other authorized disbursements through the issue of MDS checks, ADA or other modes of
disbursements. NOTICE OF CASH ALLOCATION
6. Its main function is the availability and appropriation of funds for public DEPT OF
TREASURY
7. Which government body is responsible for the design and preparation of the New
Government Accounting System (NGAS)? COA
8. This is the basis of accounting under the international point of view according to International
Public Sectors Accounting Standards Board (IPSASB). ACCRUAL BASIS
9. Which of the following suggests that the foreign entity's functional currency is the parent's
currency? SALE PRICES…
10. A budget of special nature and generally submitted in special forms on account that
itemizations are not adequately provided in the Appropriations Act or that the amount are not
at all included in the Appropriations Act. SPECIAL BUDGET
11. It is the preparation of the national budget where the total estimated revenue must be done
more than the total estimated expenditures. BAL. BUDGET
12. All appropriation, revenue or tariff bills, bills authorizing increase of the public debt, bills of
local application, and private bills shall originate in the HOUSE OF REP…
13. According to COA Cir. No. 2013-002 dated January 30, 2013, Adoption of the Revised Chart
of Accounts for National Government Agencies, the account code structure consists of how
many mandatory digits? 8 DIGITS
14. The Philippine Public Sector Accounting Standards (PPSAS) shall applied to the following,
except: GOV. BUSINESS ENTERPRISE
15. As amended (per COA Circular No. 2007-001 dated January 19, 2007), what is the journal
entry to record cash advances by Disbursing Officer for salaries and wages? DR ADV FOR
PAYROLL CR CASH
16. Agency X received Maintenance and Other Operating Expenses (MOOE) allotment directly
from Department of Budget and Management in the amount of P 10,000,000 with Notice of
Cash Allocation (NCA) of P6,000,000. Under the new system, what is the journal entry to
record the receipt of Notice of Cash Allocation? DR CASH MDS REGULAR CR SUBSIDY
FROM N.G
17. Agency X received Maintenance and Other Operating Expenses (MOOE) allotment directly
from Department of Budget and Management in the amount of P10,000,000 with Notice of
Cash Allocation (NCA) of P6,000,000. Under the new system, what is the journal entry to
record the receipt of allotment? MEMO ENTRY ONLY IN THE REGISTRY
18. At the beginning of the 1st quarter of the current year, the Department of Budget and
Management issued Notice of Cash Allocation (NCA) to Agency ABC; a national government

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 agency, for special Modified Disbursement System (MDS) accounts for payment of
retirement gratuity leave benefits in the amount of P500,000. What is the journal entry to
recognize receipt of NCA for special account in the general fund? DR CASH -MDS SPECIAL
ACCNT CR SUBSIDY FROM N.G.
19. This accounts includes accountable forms and small tangible items such as: punchers,
staplers, staple removers, flash drives, CDs, plastic wares, such as: monobloc chairs, tables
and the like. OFFICE EQUIP.
20. Which of the following entry is NOT used to recognize the receipt of NCA? DR CASH –
MDS-TRUS CR SUBSIDY…
21. It is a component of Budget Accountability Reports (BARs) that should be reported on
monthly basis. STATEMENT OF ALLOTMENT…
22. The Department of Budget and Management ordinarily shall release the allotments and NCA
of an agency at least five days before the start of fiscal year. Under the new system, this
transaction must be recorded in the books of accounts, except in the BOOKS OF COA
23. As prescribed by the constitution, within how many days from the opening of every regular
session the President shall submit to Congress a budget of expenditures and sources of
financing as the basis of general appropriation bill? 30 DAYS
24. 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? DBM
25. It is a budget execution document that serves as an overall plan of the government agency
encompassing the targeted outputs and estimated obligations broken down by quarter. PFP
26. As provided in the constitution, no money shall be paid out of the National' Treasury except
in pursuance of APPROPRIATION
27. It is a disbursement authority representing Modified Disbursement Checks issued and direct
payments to external creditors per validated advice to debit account in the list of due and
demandable accounts payable. NCA
28. This budgeting approach engages the grassroots communities in designing the National
Budget. It will focus on rural development programs and the conditional cash transfer
program, and will involve several government agencies. BOTTPOM UP APPROACH
29. The following are kinds of budget according to nature except LINE ITEM BUDGET
30. According to Joint Circular No. 2013-1 dated August 6, 2013, the following departments
jointly developed the Unified Accounts Code Structure (UACS), except DEPT OF FINANCE
31. One of the key elements of Unified Accounts Codes Structure (UACS) is the Funding Source
Codes. Which of the following is NOT part of Funding Source Codes? REVISED CHART
32. The Notice of Cash Allocation (NCA) released cojnprchcnsively to Agency ABC on January
15, 20013 are as follows: January P2,000,000 February 2,000,000 March 2,000,000 April
3,000,000 May 6,000,000 June 2,000,000 The balance of unutilized NCA for April is
P500,000 and May is P300,000 How much is the balance of Notice of Cash Allocation (NCA)
to be reflected in the books of Agency ABC at May 31, 2013? 800K
33. The President may contract or guarantee foreign loans on behalf of the Republic of the
Philippines with the prior concurrence of CONGRESS OF THE…
34. It is a budget release document that serves as the obligational authority replacing the
Agency Budget Matrix (ABM) for the comprehensive release of budgetary items appropriated
in the GAA. categorized as "For Comprehensive Release". GAARD
35. This document outlines the priority areas of government activity applicable to the budget
year. BUDGET PROPOSAL

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 36. SUBIt is an integrated group of activities that contributes to an agency or department's
continuing objective. ACCOUNT GRP
37. It is a cash authority issued periodically by the DBM to the operating units of government
agencies to cover their cash requirements? NCA
38. 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? COA
39. 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. REVOLVING FUND
40. It is the annual documents required at the onset of the budget execution phase, which
contain the agencies' targets and plans for the current year. BEDs
41. At the end of a calendar year, the books of Agency X showed a lapsed regular Notice of
Cash Allocation (NCA). What is the journal entry to record reversion of this lapsed NCA to
the National Treasury? DR SUBDIDY FROM N.G. CR CASH
MODIFIEDDISBURSEMENT…
42. 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? STREET
43. It is a statement of estimated receipts and estimated expenses of the government, which
serves as basis for a General Appropriation Act. NATIONAL GOV. BUDGET
44. It is the final step of the budget execution phase. ACCOUNTABILITY
45. Bureau X, a national government agency, purchased office equipment in the amount of P
1,000,000 through Direct Payment Scheme of foreign loan availment. Accordingly, a liability
was set-up. The corresponding Non-Cash Availment Authority (NCAA) was received from the
Department of Budget and Management and payment was made through Direct Payment
Scheme. What is the journal entry to record receipt of the NCAA from the above transaction?
DR AP CR SUBSIDY FROM N.A.
46. 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? GOV OWNED %
CONTROLLED…
47. The best definition for direct quotes would be direct quotes measure EXCHANGE RATE AT A
FUTURE…
48. For purposes of Unified Accounts Codes Structure (UACS), Constitutional Offices, the
Judiciary and the Legislature are categorized as: DEPARTMENT
49. The Regular Disbursing Officer of Agency X, a national government agency, liquidated the
cash advance for payroll of the agency's regular employees in the amount of P102,500. The
liquidation was appropriately recognized based on the Report of Cash Disbursements and
other supporting documents. What is the journal entry to record, in the books of the
government agency, the above liquidation of payroll fund? DR DUE TO OFFICERS AND
EMPLOYEES CR ADV, FOR PAYROLL
50. Bureau X acquired an equipment costing P100,000, which was appropriately recorded in
Registry of Allotment and Obligations - Capital Outlay. Upon delivery, a check was issued for
payment and a ten percent tax was withheld. What is the journal entry to record this payment
under the new system? MEMO ENTRY ONLY IN THE REGISTRY

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