• University of Notre Dame

• BSA 1 

The “Cash – Treasury/Agency Deposit, Regular” account is used in

which of the following transactions? *

1 point

a. Collections from customers are made through direct deposit in the entity’s account

maintained with a Government Servicing Bank (GSB).

b. Taxes withheld are remitted to the BIR.

c. A disbursement authority in the form of Cash Disbursement Ceiling is received.

d. Collections of revenue are remitted to the BTr.

2. The receipt of a disbursement authority in the form of Non-Cash

Availment Authority (NCAA) is debited to which of the following accounts? *

1 point

a. Cash-Constructive Income Remittance

b. Cash-Modified Disbursement System (MDS), Regular

c. Accounts Payable

d. Subsidy from National Government

3. The entry to record the granting of cash advance for payroll fund is

Debit :Advances for Payroll Credit: Cash-Modified Disbursement System

(MDS), Regular *

1 point

true

4. A government entity recognizes revenue from exchange or nonexchange transactions. In which of the following transactions does a

government entity need not recognize revenue? *

1 point

a. Exchange of goods or services of dissimilar nature and value.

b. Receipt of an unconditional grant from a foreign government.

c. Receipt of equipment as donation from a good-hearted, private individual.

d. Receipt of a pledge

5. A government entity remitting collections to the BTr will debit this

account to record the remittance *

1 point

a. Cash-Treasury/Agency Deposit, Regular

b. Cash – Collecting Officers

c. Cash-Modified Disbursement System (MDS), Regular

Subsidy from National Government

6. According to P.D. 1445, government entities shall acknowledge

receipts of revenue *

1 point

a. through temporary receipts; provided a prior approval by COA is obtained.

b. through the issuance of properly endorsed checks.

c. through duplicate copies which shall not be the exact copies of the original.

d. through pre-numbered official receipts

7. These refer to transactions in which one entity receives assets or

services, or has liabilities extinguished, and directly gives approximately

equal value to another entity in exchange *

1 point

a. Exchange transactions

b. Non-exchange transactions

c. Non-reciprocal transactions

d. External events other than transfers

8. This refers to charges for the use of cash or cash equivalents, or

amounts due to the entity *

1 point

a. Financial expenses

b. Personnel services

c. Interest income

d. Capital outlays

9. The receipt of an inter-agency fund transfer is recorded as Debit:

Cash-Collecting Officers credit-Subsidy from National Government *

1 point

False

10. This account is debited when government entities remit collections to

the National Treasury *

1 point

a. Cash-Modified Disbursement System (MDS), Regular

b. Cash-Collecting Officers

c. Cash-Treasury/Agency Deposit, Regular

d. Cash-Tax Remittance Advice

11. All of the above involves the physical transfer of cash except *

1 point

a. Remittance of taxes through the Tax Remittance Advice