What is the entry to recognize forfeiture of cash overage of the Collecting Officer in the assigned in LGUs?

Cash Exam - Exercise 3.2 C

Quiz
•
Professional Development
•
Professional Development
•
Hard
Gen Gutierrez
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
debit Cash Collecting Officer
credit Miscellaneous Income
debit Miscellaneous Income
credit Cash Collecting Officer
debit Cash, Local Treasury
credit Miscellaneous Income
debit Cash Collecting Officer
credit Due from Officers and Employees
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the accounting entry to take up cash shortage in National Government Agencies?
debit Cash Collecting Officer
credit Miscellaneous Income
debit Due from Officers and Employees
credit Cash Collecting Officer
debit Cash Collecting Officer
credit Due from Officers and Employees
debit Due from Officers and Employees
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the entry to take up the settlement of accountability of defaulting accountable officer in the National Government Agencies?
debit Cash Collecting Officer
credit Miscellaneous Income
debit Due from Officers and Employees
credit Cash Collecting Officer
debit Cash Collecting Officer
credit Due from Officers and Employees
debit Due from Officers and Employees
credit Cash, Local Treasury
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the AO incurred shortages, the following are the recourse of actions of the Commission to penalize the same or institute restitution except:
Foreclosure of properties
Withholding of salary and other emoluments
Constructive distraint
Transmittal of report to the Office of the Ombudsman for filing of administrative and/or criminal action
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a significant shortage is discovered after the cash count, inform the Cluster/Regional Director thru the SA, within three (3) calendar days from discovery, for any further appropriate action.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The salaries and emoluments to be withheld shall correspond to the amount of the alleged shortage.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Withholding order may or may not be reported the COA Chairperson.
True
False
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