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Module 2 Quiz Answers

The document discusses government accounting responsibilities in the Philippines. It asks multiple choice questions about which government agencies are responsible for specific accounting tasks like maintaining journals and ledgers, auditing accounts, and implementing the national budget. It also asks about the responsibilities and liabilities of government employees entrusted with government funds and resources.

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Von Andrei Medina
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889 views1 page

Module 2 Quiz Answers

The document discusses government accounting responsibilities in the Philippines. It asks multiple choice questions about which government agencies are responsible for specific accounting tasks like maintaining journals and ledgers, auditing accounts, and implementing the national budget. It also asks about the responsibilities and liabilities of government employees entrusted with government funds and resources.

Uploaded by

Von Andrei Medina
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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GOVERNMENT ACCOUNTING RESPONSIBILITY

Q1. Which of the following maintains the journals and ledgers?


National Government Agencies
Q2. Which of the following is tasked in keeping the general accounts of the government, supporting
vouchers, and other documents?
Commission on Audit
Q3. Government agency ABC is entrusted with government resources. According to P.D. 1445, who is
directly responsible for the efficient and effective utilization of these resources?
The head of government agency ABC
Q4. Accounting responsibility is mandated by the Constitution of the Philippines. The head of the agency
and other personnel who have authority over government funds are directly responsible.
Only statement 1 is true
Q5. Which is not true about government funds?
Government funds can be transferred from one officer to another in accordance with the
instructions of the head of the office.
Q6. Mr. A, a government employee entrusted with the custody of government funds has lost the funds
due to force majeure. What should Mr. A do to relieve him from liability?
Mr. A should immediately notify the COA within 30 days
Q7. Which is in charge of implementing the national budget?
Department of Budget and Management
Q8. What is the role of the Bureau of Treasury in relation to government accounting responsibility?
To receive and keep national funds and manage or control thereof
Q9. Which is not charged with government accounting responsibility?
Legislative Department
Q10. Mr. B, an accountable officer, used government resources for his personal needs. Which of the
following statements is true?
Mr. R is personally liable for unlawful use of government resources.

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