5 Questions
Where should all revenues accruing to an entity be deposited?
National treasury or any duly authorized government depository
What must a public officer do with money and property officially received?
Account for it as government funds and government property
When should receipts be recorded as revenue of Special, Fiduciary or Trust Funds, or Funds other than the General Fund?
When authorized by law
What should a collecting officer immediately issue upon collecting payment of any nature?
Official receipt (OR)
In what manner should cash receipts be acknowledged if mechanical devices are used?
Electronic official receipts
Test your knowledge of fundamental principles for revenue management with this quiz. Explore the legal and regulatory provisions governing revenue deposition and remittance into the national treasury. Sharpen your understanding of how money and property received by public officers should be officially handled in accordance with existing laws and regulations.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
