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Functions of Government Accounting

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Questions and Answers

Who is responsible for certifying the availability of funds for contracts or purchase orders?

Head of the Accounting Unit (correct)

Budget Officer

Registries

Accountant

Which document certifies the availability of funds based on the ObR or BUR?

ALOBS

NCA

Ex.RAODPS

DV (correct)

What does the Accountant credit each time a payment is made against the NCA?

Cash-National Treasury-MDS (correct)

Asset account

Expense account

Specific account being paid for

What is the purpose of a Notice of Cash Allocation (NCA)?

To specify the maximum amount of withdrawal from the National Treasury Signup and view all the answers

When should a new ALOBS be made as per the text?

For adjustments of obligations as negative entries in the Obligation Incurred column Signup and view all the answers

What documents need to be furnished to support negative entries in the ALOBS?

Certified copies of OR for overpayment/refunds Signup and view all the answers

Where should Receipt of Allotment be posted as per the text?

In the allotment column to respective Registries Signup and view all the answers

What specifies the maximum amount of withdrawal that an agency can make from the National Treasury?

'Notice of Cash Allocation' Signup and view all the answers

Who is responsible for certifying the availability of cash and completeness of supporting documents in the DV?

'Head of the Accounting Unit' Signup and view all the answers

Which entity issues a Notice of Cash Allocation specifying the maximum withdrawal amount?

Department of Budget and Management (DBM) Signup and view all the answers