This constitutes all cash paid out during a given period either in currency cash or by check

Disbursements

Set
confidence
level:

--

This involves the preparation and processing of disbursement Vouchers, preparation and issuance of
checks; payment by cash; granting utilization and liquidation replenishment of cash advances

Disbursement system

--

Disbursement shall be covered by

Disbursement vouchers or petty cash vouchers or payroll

--

The basic requirement applicable to all types of disbursements made by national government agencies
are as follows

1. Existence of lawful and sufficient allotment certified as available by the budget officer
2. Existence of a valid obligation certified by the chief accountant
3. Legality of transactions and conformity with laws, rules and regulation
4. Approval of the expense by that chief of office or by duly authorize representative
5. Submission of proper evidence to establish the claim

--

The daily cash position report shall be prepared by the ___________

Head to be accounting unit

--

Two types of disbursement

Disbursements by check
disbursements by cash
--

The two types of checks being issued by government agencies

Modified disbursement system checks

commercial checks

--

You should buy the government agencies chargeable against the account of the treasure of the
Philippines

Modified disbursement system checks

--

Authorization issued by the department of management to government agencies to withdraw cash from
the national treasury,through the issuance of MDS checks or other authorize mode of disbursement

Notice of cash allocation

--

10

Issued by the government agencies chargeable against the agency checking account with government
servicing bank

commercial check

--

11

Commercial checks are covered by _________ authorized to be deposited with authorize government
depository bank and funding checks received

Income/receipt

--

12

This account is debited for the amount granted to regular disbursing officer for payment of the salaries
wages honoraries allowances and other personnel benefit

Advances for payroll

--
13

Is used to record amount advanced to officers and employees for official travel and credited the same
for liquidation of advances

Advances to officers and employees

--

14

Shall be used to record claims from these officers and employees for overpayment, cash shortage, loss
of assets and other bills issued by the agency and credited the same for collection of this receivable

Due from officers and employees

--

15

The report prepared for cash advances for travel

Liquidation report

--

16

The petty cash fund shall be maintained under what system

Imprest system

--

17

Disbursement from the petty cash fund shall be through

Petty cash voucher (PCV)

--

18

What method will be followed in recording disbursements when expenditures applied to more than just
the accounting period

Asset method