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Government Accounting Exam Philippines 2 PDF Free
Government Accounting Exam Philippines 2 PDF Free
Terminologies
__________________2. The activities necessary to perform a major purpose for which a government
entity is established.
__________________5. The actual asset of the government agency such as cash, receivables, land and
buildings.
__________________6. A national budget designed wherein total estimated revenue is more than total
estimated expenditures.
__________________7. This type of budget focuses on the objects of expenditure such as salaries and
wage, traveling expenses, freight, supplies, materials equipment.
__________________8. This is a process in budget preparation that required systematic consideration
of all programs, projects, and activities with the use of defined ranking procedures, and does not accept
the prior’s year budget as a starting point for analysis.
__________________9. A covering letter in transmitting as agency’s accounting report to CoA, DBM and
others agencies.