GENERAL SANTOS ACADEMY, INC.

Polomolok, South Cotabato

Tel. No. (083) 500-2593
E-mail: gensantosacademy@gmail.com

COLLEGE DEPARTMENT
MID TERM EXAMINATION
Instructor: JIREH M. BARTOLOME Course & Year: BSA 4
Subject: Acctg 35 Classroom code: cmh2iup
GENERAL INSTRUCTION: Read all tests carefully before answering. Write your answers
and solutions in a yellow paper. Double rule for the final answers except for entries. Put
name on the paper and the image should be at portrait view. Pass the image of the SOA
simultaneous to the answer sheet.

1. Agency AAA received the following allotment for year 2011:

Capital Outlay (CO) P50,000,000

Maintenance and Other Operating Expenses (MOOE) 10,000,000
Personal Services (PS) 5,000,000
Financial Expenses (FE) 100,000
P65,000,000

The entry to record the above allotment would be:

a. No entry
b. Memorandum entry in Registry of Allotments and Obligations
c. National Clearing Account ….. 65,100,000
Appropriations Alloted …… 65,100,000
d. Cash – Modified Disbursement
System – Regular …… 65,100,000
Subsidy from National government …… 65,100,000

2. Agency BBB received Notice of Cash Allocation (NCA) – P45,000,000 for the year 2011; the
entry would be:

a. No entry
b. Memorandum entry in Registry of Allotments
c. National Clearing Account ….. 45,000,000
Appropriations Alloted …… 45,000,000
d. Cash – Modified Disbursement
System – Regular …… 45,000,000
Subsidy from National government …… 45,000,000

3. Agency CCC had obligation for Personnel Services (PS) amounting to P300,000 for the
month of February, the entry would be:

a. No entry
b. Memorandum entry in Registry of Allotments and Obligations for PS (RAOPS)
c. Appropriations Alloted ….. 300,000
Obligations incurred ….. 300,000
d. Advance to Special Disbursing Officer ….. 300,000
Cash – MDS – Regular ….. 300,000

4. Agency DDD granted cash advances for payroll amounting to P280,000, the entry would be:
 GENERAL SANTOS ACADEMY, INC.
Polomolok, South Cotabato
Tel. No. (083) 500-2593
E-mail: gensantosacademy@gmail.com

a. No entry
b. Memorandum entry in RAOPS
c. Advances for Payroll ….. 280,000
Cash – MDS – Regular ….. 280,000
d. Advances to Special Disbursing Officer …..280,000
Due from National Government ….. 280,000

5. Using the same information in No. 4, Agency DDD paid salaries and other allowances:

Salaries P300,000
PERA (Personal Economic Relief Allowance) 70,000
Total P370,000
Less: Salary deductions
Withholding tax P60,000
Life and Retirement 20,000
Pag-ibig 4,000
PhilHealth 6,000 90,000
Net Amount P280,000

The entry to record the above transaction would be:

a. Obligations Liquidated ….. 370,000

Advances to Special Disbursing Officer ….. 280,000
Due to National Government Agency …... 60,000
Due to GSIS ….. 24,000
Due to PhilHealth ….. 6,000
b. Salaries, etc ….. 370,000
Withholding tax payable ….. 60,000
Advances to Special Disbursing Officer ….. 310,000
c. Salaries and Wages – Regular Pay ….. 300,000
PERA ….. 70,000
Advances for Payroll ….. 280,000
Due to BIR ….. 60,000
Due to GSIS ….. 20,000
Due to Pag-ibig ….. 4,000
Due to PhilHealth ….. 6,000
d. No entry required

6. Using the same information in No. 5, the entry to record the remittance of Other Salary
deductions:

a. Due to BIR ….. 60,000

Cash – MDS – Regular ….. 60,000
b. Due to BIR ….. 60,000
Advances to Special Disbursing Officer ….. 60,000
c. Due to BIR ….. 60,000
Due to National Government ….. 60,000
 GENERAL SANTOS ACADEMY, INC.
Polomolok, South Cotabato
Tel. No. (083) 500-2593
E-mail: gensantosacademy@gmail.com

d. Due to BIR ….. 60,000

Subsidy from National Government ….. 60,000

7. Using the same information in Nos. 5 and 6, the entry to record the remittance of Other
Salary deductions:

a. Due to Pag-ibig ….. 4,000

Due to GSIS ….. 20,000
Due to PhilHealth ….. 6,000
Cash – MDS – Regular ….. 30,000
b. Withholding tax payable ….. 60,000
Cash – MDS – Regular ….. 60,000
c. Due to National Government Agency ….. 30,000
Cash – MDS – Regular ….. 30,000
d. No entry required

8. Agency EEE’s share in relation to salary deductions were as follows:

Life and retirement P30,000

PhilHealth 20,000
Pag-ibig 10,000
P60,000

The entry to record the incurrence of agency’s share in salary deduction would be:

a. GSIS Payable ….. 30,000

PhilHealth Payable ….. 20,000
Pag-ibig Payable ….. 10,000
Cash – MDS – Regular 60,000
b. Life and Retirement Contribution ….. 30,000
PhilHealth Contribution ….. 20,000
Pag – ibig Contribution ….. 10,000
Due to NGA ….. 60,000
c. Due to National Government Agency ….. 60,000
Cash – MDS – Regular …… 60,000
d. Life and Retirement Contribution Expense ….. 30,000
PhilHealth Contribution Expense ….. 20,000
Pag-ibig Contribution Expense ….. 10,000
Due to GSIS ….. 30,000
Due to PhilHealth ….. 20,000
Due to Pag-ibig ….. 10,000

9. Agency FFF’s obligation of rent for three years (3) amounted to P90,000. The entry to record
this transaction would be:

a. Rent Expenses ….. 90,000

Cash – MDS – Regular ….. 90,000
b. Prepaid Rent ….. 90,000
Cash – MDS – Regular ….. 90,000
 GENERAL SANTOS ACADEMY, INC.
Polomolok, South Cotabato
Tel. No. (083) 500-2593
E-mail: gensantosacademy@gmail.com

c. Rent Expense ….. 90,000

Prepaid Rent ….. 90,000
d. Memorandum entry in RAOMO

10. Using the same information in No. 9, Agency FFF paid rent for three (3) years, P90,000. The
entry for this transaction would be:

a. Rent Expenses ….. 90,000

Cash – MDS – Regular ….. 90,000
b. Prepaid Rent ….. 90,000
Cash – MDS – Regular ….. 90,000
c. Rent Expense ….. 90,000
Prepaid Rent ….. 90,000
d. Memorandum entry in RAOMO

11. Agency GGG paid Meralco bill amounting to P40,000, the entry to record this transaction
would be:

a. Electricity Expenses ….. 40,000

Cash – MDS – Regular ….. 40,000
b. Electricity Expenses ….. 40,000
Accounts payable ….. 40,000
c. Memorandum entry only
d. No entry required.

12. Agency HHH received spare parts amounting to P10,000 and set-up liability. The entry for
this transaction would be:

a. Spare Parts Expense ….. 10,000

Accounts Payable ….. 10,000
b. Spare Parts Inventory ….. 10,000
Accounts Payable ….. 10,000
c. Spare Parts Inventory ….. 10,000
Due from Suppliers ….. 10,000
d. Memorandum entry only

13. Agency III establish a petty cash fund for Maintenance and Other Operating expenses
(MOOE) amounting to P10,000. The entry for this transaction would be:

a. No entry
b. Memorandum entry
c. Petty Cash ….. 10,000
Cash – MDS – Regular ….. 10,000
d. Petty Cash
Advances to Special Disbursing Officer ….. 10,000

14. Using the information in number 13, Agency III received a request for replenishment of petty
cash fund for the following expenses:
 GENERAL SANTOS ACADEMY, INC.
Polomolok, South Cotabato
Tel. No. (083) 500-2593
E-mail: gensantosacademy@gmail.com

Office Supplies P500

Transportation fares 100
Repair of aircon 200
JRS mail 160
Total P960

The entry for this transaction would be:

a. No entry
b. Memorandum entry to the RAOMO
c. Office Supplies Expense ….. 500
Traveling Expense ….. 100
Repairs and Maintenance …… 200
Other Maintenance and Operating Expense ….. 160
Cash – MDS – Regular ….. 960
d. Office Supplies Expense ….. 500
Traveling Expense ….. 100
Repairs and Maintenance …… 200
Other Maintenance and Operating Expense ….. 160
Petty Cash ….. 960

15. Using the same information in number 13, the entry to record the replenishment of the petty
cash fund is:

a. No entry
b. Memorandum entry to the RAOMO
c. Office Supplies Expense ….. 500
Traveling Expense ….. 100
Repairs and Maintenance …… 200
Other Maintenance and Operating Expense ….. 160
Cash – MDS – Regular ….. 960
d. Office Supplies Expense ….. 500
Traveling Expense ….. 100
Repairs and Maintenance …… 200
Other Maintenance and Operating Expense ….. 160
Petty Cash ….. 960