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

Session 7 Q&A

Quiz
•
Business
•
Professional Development
•
Medium
Barby Laceda
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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