Session 7 Q&A

Session 7 Q&A

Professional Development

10 Qs

quiz-placeholder

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Session 7 Q&A

Session 7 Q&A

Assessment

Quiz

Business

Professional Development

Medium

Created by

Barby Laceda

Used 4+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Family food packs and other non-food supplies for distribution to individuals affected by various calamities should be recognized under:

Food Supplies for Distribution

Food Supplies Inventory

Merchandise Inventory

Welfare Goods for Distribution

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Due to BIR, Due to GSIS, Due to Pag IBIG and Due to PhilHealth are all General Ledger Accounts under the Intra-Agency Payables major account group.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ Surplus/(Deficit) represents the cumulative results of normal and continuous operations of an agency including prior period effects of changes in accounting policy and errors, and other capital adjustments

Accumulation

Accumulative

Accumulating

Accumulated

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This account is credited to recognize the fees collected for issuance of

licenses, such as professional licenses, drivers’ licenses (professional,

non-professional and student permit), conductors’ license, firearms

license and the like.

Licensing Fees

Registration Fees

Permit Fees

Clearance and Certification Fees

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This account is credited to recognize the fees collected for registration of

property, deeds, individuals and associations.

Permit Fees

Registration Fees

Inspection Fees

Clearance and Certification Fees

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Salaries and Wages-Regular is the account used to recognize the pay proper for services rendered by government employees occupying irregular plantilla positions.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This account is debited to recognize cost of subscriptions to video conferencing applications such as Zoom and Google Meet

Cable, Satellite, Telegraph and Radio Expenses

Internet Subscription Expenses

Postage and Courier Expenses

Subscription Expenses

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