Series Answers

1 donations or combinations of several sources

2 only one
3 1
4 definitely
5 1
6 revenues
7 cash basis
8 1
9 1
10 book value
11 Bureau of Treasury
12 common
13 1
14 statement of financial performance
15 1
16 1
17 1
18 1
19 1
20 five percent
21 Local Chief Accountant
22 hospital institution
23 Program Services
24 1
25 1
26 undefined amount
27 for Operating Expenses
28 Obligation Request and Status
29 1
30 1
 Bank Reconciliation Statement

Particulars BOOK BANK

Unadjusted Balances 156,020,331.00 181,548,031.00
NCA for regular account w/ ARO erroneously recorded 31,500,000.00
Cancelled MDS checks-regular 53,020.00
Lapsed NCA for regular account with ARO (820,170.00)
Bank erroneously credited NCA for Agency B to Agency V 5,000,000.00
Bank charges (5,600.00)
Overstatement of MDS account due erroneous recording of
the amount of checks issued (108,000.00)
Returned check deposits (21,670.00)
Withholding Tax 4,780.00
Interest Income 23,900.00
Oustanding Checks (323,000.00)
Deposit in Transit 412,000.00
Adjusted Balances 186,641,811.00 186,641,811.00
 ADJUSTING ENTRIES Debit Credit
1 Understatement of NCA for regular accounnt with Allotment Release Order (ARO)
Cash - MDS, Regular 31,500,000.00
Subsidy from National Government 31,500,000.00
2 Cancelled MDS Check (without intention to replace)
Cash - MDS, Regular 53,020.00
Expenses of Other appropriate account 53,020.00
3 Lapsed/unused NCA for regular account with ARO at year-end
Subsidy from National Government 820,170.00
Cash - MDS, Regular 820,170.00
4 Interest Income
Cash - MDS, Regular 23,900.00
Interest Income 23,900.00
5 Bank Charges imposed by the bank
Bank charges or any appropriate account 5,600.00
Cash - MDS, Regular 5,600.00
6 Overstatement of Cash - MDS, Regular account due to NCA (with ARO) received
Subsidy from National Government 108,000.00
Cash - MDS, Regular 108,000.00
7 Checks deposited returned by the bank
Revenue or Other appropriate account 21,670.00
Cash in Bank - Local Currency, Current 21,670.00