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Assignment 2 - Budget Process and Government Accounting Process Accounting FOR Government AND NON- Profit Organizations 10over10

Assignment 2 - Budget Process and Government Accounting Process Accoun...
Course

Acctng For Governmental,Not-For-Profit Entities (ACT GOV)

34 Documents
Students shared 34 documents in this course
Academic year: 2021/2022
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Central Luzon State University
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Assignment 2 - Budget Process and Government Accounting

Process

Due Feb 9 at 11:59pm Points 10 Questions 10
Available Feb 9 at 12am - Feb 11 at 11:59pm 3 days Time Limit 30 Minutes

Instructions

Attempt History

Attempt Time Score LATEST Attempt 1 17 minutes 10 out of 10

 Correct answers will be available on Feb 12 at 12am.

Score for this quiz: 10 out of 10

Submitted Feb 9 at 9:01pm This attempt took 17 minutes.

Assignment 2

10 items Budget Process and Government Accounting Process

Close all unnecessary tabs, notes, PPTs, PDFs, etc.. DO NOT CHEAT. If you get caught, you'll fail the subject

Read further details below CAREFULLY

Question 1 1 / 1 pts

This approach to budgeting requires the justification of items in the budget irrespective of whether they are new or carried over from the previous year.

Zero-based budgeting

Incremental budgeting

Bottoms-down budgeting

Bottoms-up budgeting

Question 2 1 / 1 pts

Budget deliberations in the Congress start in the Senate

True

False

Question 3 1 / 1 pts

Which of the following is correct regarding zero-based budgeting?

The current year’s budget is formulated without regard to the previous year’s budget

Several parties participate in the budget preparation starting from the lowest levels of the government to the highest levels

All proposed programs and expenditures in the upcoming year must be new. Programs and expenditures in the previous year should never be carried over to the next year

All zeroes in the budget are omitted

Question 4 1 / 1 pts

Which of the following would most likely comes first in the budget process?

Budget Call from the DBM

President’s enactment of the budget

Budget accountability report

Presentation to the Office of the President

Question 8 1 / 1 pts

Which of the following accounts is most likely credited when a government entity remits its collections to the National Treasury?

Cash-Modified Disbursement System (MDS), Regular

Cash – Collecting Officers

Cash-Treasury/Agency Deposit, Regular

Cash-Tax Remittance Advice

Question 9 1 / 1 pts

This event is recorded in the books of accounts

Notice of Appropriation

Closing entries

Notice of Allotment

Notice of Cash Appropriation

Question 10 1 / 1 pts

According to the GAM for NGAs, the Registries are (choose the incorrect statement)

maintained for each object of expenditure, whenever the registry is used for monitoring obligations and disbursements

maintained by fund cluster

maintained by the budget division of a government entity

maintained by the accounting unit of a government entity

Quiz Score: 10 out of 10

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Assignment 2 - Budget Process and Government Accounting Process Accounting FOR Government AND NON- Profit Organizations 10over10

Course: Acctng For Governmental,Not-For-Profit Entities (ACT GOV)

34 Documents
Students shared 34 documents in this course

University: Far Eastern University

Was this document helpful?
2/9/22, 9:01 PM
Assignment 2 - Budget Process and Government Accounting Process: ACCOUNTING FOR GOVERNMENT AND NON- PROFIT …
https://feuph.instructure.com/courses/5426/quizzes/37999
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Assignment 2 - Budget Process and Government Accounting
Process
Due Feb 9 at 11:59pm Points 10 Questions 10
Available Feb 9 at 12am - Feb 11 at 11:59pm 3 days Time Limit 30 Minutes
Instructions
Attempt History
Attempt Time Score
LATEST Attempt 1 17 minutes 10 out of 10
Correct answers will be available on Feb 12 at 12am.
Score for this quiz: 10 out of 10
Submitted Feb 9 at 9:01pm
This attempt took 17 minutes.
Assignment 2
10 items
Budget Process and Government Accounting Process
Close all unnecessary tabs, notes, PPTs, PDFs, etc.. DO NOT CHEAT. If you get caught, you'll fail the subject
Read further details below CAREFULLY
1 / 1 pts
Question 1
This approach to budgeting requires the justification of items in the budget irrespective of
whether they are new or carried over from the previous year.
Zero-based budgeting
Incremental budgeting
Bottoms-down budgeting
Bottoms-up budgeting

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