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Questions and Answers
Revenue accruing to NGAs shall be deposited or remitted in a private bank account.
Revenue accruing to NGAs shall be deposited or remitted in a private bank account.
False (B)
Public officers are not required to account for government funds and property received in any capacity.
Public officers are not required to account for government funds and property received in any capacity.
False (B)
Amounts received from trust and business-type activities of government cannot be recorded separately.
Amounts received from trust and business-type activities of government cannot be recorded separately.
False (B)
Receipts can be recorded as revenue of the General Fund without authorization from law.
Receipts can be recorded as revenue of the General Fund without authorization from law.
A collecting officer can receive payment without issuing an official receipt.
A collecting officer can receive payment without issuing an official receipt.
The National Treasury is not a government depository.
The National Treasury is not a government depository.
Government funds and property are not accountable to anyone.
Government funds and property are not accountable to anyone.
The Permanent Committee is not responsible for determining rules and regulations for recording and disbursing amounts received from trust and business-type activities of government.
The Permanent Committee is not responsible for determining rules and regulations for recording and disbursing amounts received from trust and business-type activities of government.
Revenue accruing to NGAs shall be governed by the principle of depositing or remitting in a private bank account.
Revenue accruing to NGAs shall be governed by the principle of depositing or remitting in a private bank account.
The Secretary of Finance is not the Chairman of the Permanent Committee.
The Secretary of Finance is not the Chairman of the Permanent Committee.
