It is a body politic and corporate endowed with powers to be exercised by it in conformity with law. b.

100,000 inhabitants
a. Government c. 150,000 inhabitants
b. Local Government Unit d. 250,000 inhabitants
c. Province e. 500,000 inhabitants
d. City A contiguous territory as certified by the Lands Management Bureau to comply with the creation of
e. Barangay a city shall be at least:
The common requirements for creation of a local government unit or its conversion from one level to a. 100 square kilometers
another shall be based on the following: b. 2,000 square kilometers
a. Sufficient Income c. 10,000 square kilometers
b. Population within the territorial jurisdiction d. 50,000 square kilometers
c. Contiguous Land Area e. None of the above
d. All of the above A classification based on the minimum population of 200,000 inhabitants and Annual Income of at
e. None of the above least Php 50,000,000.00.
The determination of compliance to the common requirements for creation of an LGU or its a. Barangay
conversion shall be attested to by the following except: b. Municipality
a. Department of Finance c. Province
b. National Statistics Office d. Highly Urbanized Cities
c. Provincial Capitol e. Component cities of the province
d. Lands Management Bureau
e. Department of Environment and National Resources A municipality may be created if it has an Average Annual Income for the last 2 consecutive years
The income classification of local government units resulting from division and merger shall be based on 1991 constant prices, as certified by the Department of Finance, of not less than:
updated to reflect the changes in their financial position. a. Php 2,500,000.00
a. Within 6 months from the effectivity of R. A. No. 7160 b. Php 20,000,000.00
b. Within a year from the effectivity of R. A. No. 7160 c. Php 50,000,000.00
c. Within 3 years from the effectivity of R. A. No. 7160 d. Php 100,000,000.00
d. Within 5 years the effectivity of R. A. No. 7160 e. Php 250,000,000.00
e. None of the above The minimum population as certified by the National Statistics Office to comply with the requirement
A province may be created by an Act of Congress and subject to approval by a majority of the votes for the creation of a municipality shall be:
cast in a plebiscite to be conducted by the COMELEC in the local government unit or units directly a. 25,000 inhabitants
affected. From the effectivity of said Act, the plebiscite shall be held within: b. 100,000 inhabitants
a. 30 days c. 150,000 inhabitants
b. 60 days d. 250,000 inhabitants
c. 120 days e. 500,000 inhabitants
d. One year The creation, division or abolition of alteration of boundaries of provinces, cities, municipalities, or
e. None of the above barangay within ARMM shall be determined and enacted by:
A contiguous territory as certified by the Lands Management Bureau to comply with the creation of a. Act of Congress
a province shall be at least: b. Province
a. 100 square kilometers c. Sanggunian
b. 2,000 square kilometers d. Local Government Unit
c. 10,000 square kilometers e. Regional Assembly
d. 50,000 square kilometers The number of ranking eligible recommendees of the governor or mayor, as the case may be,
e. None of the above subject to civil service law, rules and regulations from which the Secretary of Finance shall appoint
A province may be created if it has an Average Annual Income for the immediately preceding 2 a Local Treasurer.
consecutive years based on 1991 constant prices, as certified by the Department of Finance, of not a. 2
less than: b. 3
a. Php 2,500,000.00 c. 4
b. Php 20,000,000.00 d. 5
c. Php 50,000,000.00 e. None of the above
d. Php 100,000,000.00 The following are some of the requirements for the appointment of a Local Treasurer except:
e. Php 250,000,000.00 a. A resident of the local government unit concerned
The minimum population as certified by the National Statistics Office to comply with the requirement b. A holder of a college degree
for the creation of a province shall be: c. A Certified Public Accountant
a. 25,000 inhabitants d. A first grade civil service eligible or its equivalent
b. 100,000 inhabitants e. Years of experience in treasury or accounting service
c. 150,000 inhabitants The plantilla of personnel in the local government unit concerned in relation to the position of Local
d. 250,000 inhabitants Treasurer should show the following information except:
e. 500,000 inhabitants a. Designation of Position
A municipality or a cluster of barangays may be converted into a component city if it has a locally b. Appropriation or Budget Item Number
generated Average Annual Income for the last 2 consecutive years based on 2000 constant prices, c. Range/Salary Grade of the Position
as certified by Department of Finance, of a at least: d. Documents establishing compliance to the prescribed requirements
a. Php 2,500,000.00 e. Authorized and Actual Salary per annum
b. Php 20,000,000.00 The delegation of the Appointing Authority over Provincial, City and Municipal Treasurers and their
c. Php 50,000,000.00 Assistants may be given by the Secretary of Finance to:
d. Php 100,000,000.00 a. BLGF Executive Director
e. Php 250,000,000.00 b. Local Treasurer
The minimum population as certified by the National Statistics Office to comply with the requirement c. Provincial Governor
for the creation of a city shall be: d. Department of Budget and Management
a. 25,000 inhabitants e. Local Chief Executive
Requests for relief transfer or detail of Treasurers and Assistant Treasurers shall be acted upon regular station for a period of:
only for justificable reasons and after compliance with the requisites of due process comprising with a. 30 days
the following except b. 60 days
a. Treasurer consents to the action taken c. 90 days
b. Completion of the final audit finding of cash shortage and properly validated d. 120 days
c. Termination of the formal investigation e. 150 days
d. Treasurer has been formally charged with a grave offence The Assistant Municipal Treasurer who automatically assumes as ICO shall notify the BLGF
e.90daypreventivesuspensionhas expired Regional Director concerned, thru the Provincial Treasurer, of the absence, sickness, death of other
Unless sooner revoked, the designation ofthe OIC/ICO of Local Treasury Offices andActing incapacity of the regular incumbent and of the date of his/her assumption in a caretaker capacity
Assistant Provincial/City/Municipal Treasurers shall be a period of: within:
a.3months a. 24 hours
b.6months b. 48 hours
c.1year c. 7 days
d.3years d. 15 days
e.6years e. 30 days
The designation ,conditioned upon a satisfactory performance and in the absence of any derogatory The following do not meet the requirements for a person to be appointed Barangay Treasurer
report and/or adverse information against the designate can be extended only: except:
a. Once a. A sangguniang barangay member
b. Twice b. A government employee
c. Thrice c. A relative of the punong barangay within the 4th civil degree of consanguinity or affinity
d. Upon recommendation by the Local Chief Executive d. Not a Certified Public Accountant
e. None of the above e. None of the above
Designations and extensions thereof shall be processed by the Regional Office within: A Local Treasurer who is reinstated after having been illegally dismissed is considered as not
a. Within 3 days before the expected temporary or permanent vacancy having left his office and should be given comparable compensation at the time of his reinstatement
b. Within 5 days before the expected temporary or permanent vacancy in an amount not exceeding:
c. Within 10 days before the expected temporary or permanent vacancy a. 6 months salary
d. Within 15 days before the expected temporary or permanent vacancy b. 1 year salary
e. None of the above c. 2 years salary
Submissions by the Regional Office for designations and extensions thereof shall be confirmed d. 5 years salary
within: e. 10 years salary
a. 10 days from the issuance of the Order The approval of application for leave of Provincial, City and Municipal Treasurers and Assistant
b. 15 days from the issuance of the Order Provincial, City and Municipal Treasurers where he intends to leave the country regardless of
c. 30 days from the issuance of the Order duration shall be by:
d. 45 days from the issuance of the Order a. Department of Finance
d. None of the above b. BLGF Regional Director
Submission by the BLGF Regional Director for designations shall be acted upon by the Executive c. Local Chief Executive
Director and Bureau of Local Government Finance within: d. Barangay Chairman
a. 5 days from receipt e. BLGF Executive Director
b. 10 days from receipt Application of vacation leave of Assistant Provincial/City/Municipal Treasurer for a period exceeding
c. 15 days from receipt 15 days shall be approved by:
d. 30 days from receipt a. Department of Finance
e. None of the above b. BLGF Regional Director
Designation submitted to the BLGF for confirmation shall be accompanied by the following c. Local Chief Executive
documents except: d. Barangay Chairman
a. Regional Special Personnel Order e. BLGF Executive Director
b. Recommendations of the BLGF Regional Director and the Local Chief Executives concerned Provincial/City/Municipal Treasurer and Assistant Provincial/City/Municipal Treasurer may avail of
c. Recommendation of the Provincial/City Treasurer, when applicable maternity or paternity leave which shall be non-cumulative and non-commutative, immediately
d. Updated Personal Data Sheet before, during or after the childbirth or miscarriage of their legitimate spouse, of not more than:
e. None of the above a. 3 days
An official or employee designated by proper authority in a temporary capacity to discharge the b. 5 days
duties and functions of the head of the Local Treasury Office (Provincial/City/Municipal) in a c. 7 days
caretaker capacity and with certain limitations of the powers, authority and prerogatives normally d. 10 days
exercised by the head of the office. e. 14 days
a. Officer-in-Charge
b. In-Charge of Office The BLGF Regional Officers shall perform the following administrative and technical functions
c. Local Treasurer involving local treasury operations except:
d. Assistant Local Treasurer a. Supervise and coordinate the conduct of local treasury and assessment operations of provinces,
e. Barangay Treasurer cities and municipalities within the region for the proper implementation of laws, decrees, rules,
An official or employee designated by proper authority in a temporary capacity to discharge fully the regulations and administrative issuances of the Department of Finance.
powers and responsibilities of the head of the Local Treasury Office (Provincial/City or Municipal), b. Coordinate the plans, programs and activities of local treasury and assessment offices in the
with the same rights and prerogatives of the latter, except the right to receive the salary appurtenant conduct of tax collection drives and tax information and education campaigns.
thereto. c. Conduct regional training programs, seminars, workshops and other allied activities for the
a. Officer-in-Charge improvement of the administrative and technical skills in the local treasury offices.
b. In-Charge of Office d. See to it that payment of taxes of a business is not avoided through simulation of the retirement
c. Local Treasurer thereof and recommend to the Mayor for the disapproval of the application for the termination or
d. Assistant Local Treasurer retirement of the business.
e. Barangay Treasurer e. Undertake measures that would lead to efficient administration of local treasury operations.
An OIC-Provincial/City/Municipal Treasurer shall continue to receive his/her salary from his/her The following are the duties and responsibilities of the Provincial, City, and Municipal Treasurer
except: d. Provincial Election Supervisor
a. Collection of Local Revenues e. None of the above
b. Collection of Real Property Tax The Board of Canvassers must complete their canvass in the provinces within:
c. Custody and Requisition of Accountable Forms a. 24 hours
d. General and Specific Functions b. 36 hours
e. None of the above c. 48 hours
The provincial, city or municipal treasurers or his deputy shall prepare a certified list of all real d. 72 hours
property tax delinquencies which remained uncollected or unpaid for at least one year in his e. 96 hours
jurisdictions and submit the same to the sanggunian concerned on or before: The Board of Canvassers must complete their canvass in the municipalities within:
a. April 14 of each year a. 24 hours
b. July 15 of each year b. 36 hours
c. September 5 of each year c. 48 hours
d. December 31 of each year d. 72 hours
e. None of the above e. 96 hours
4. The Local Treasurer shall submit certified statement covering income and expenditures to the The Board of Canvassers must complete their canvass in the cities within:
LCE on or before: a. 24 hours
a. April 14 of each year b. 36 hours
b. July 15 of each year c. 48 hours
c. September 5 of each year d. 72 hours
d. December 31 of each year e. 96 hours
e. None of the above The procedure for bonding are as follows except:
The City or Municipal Treasurer, jointly with the City or Municipal Accountant, shall issue a certified a. Notice to the Bureau of the Treasury
statement covering actual income on or before: b. General Form No. 57 (A)
a. April 14 of each year c. General Form No. 58 (A)
b. July 15 of each year d. Endorsement to the Bureau of the Treasury
c. September 5 of each year e. Certification from the Secretary of DBM
d. December 31 of each year The Barangay Treasurer shall be bonded with the Fidelity Fund immediately upon assumption of
e. None of the above office in the amount to be determined by the Sangguniang Barangay but not to exceed:
The Local Treasurer shall be a member of the following Local Committees and Boards except: a. Php 5 million
a. Selection and Promotion Board of the BLGF Offices b. Php 1 million
b. Local Finance Committee c. Php 100,000.00
c. Bids and Awards Committee d. Php 50,000.00
d. Local School Boards e. Php 10,000.00
e. Appraisal Committee for purposes of expropriation and purchase of real property At what percentage of their total value should the corresponding bond for Accountable Forms
Specific role of the Local Treasurer in the enactment or amendment of revenue ordinance of Local involving Cash Tickets, Cattle Registration Certificates, and Marriage Certificates be?
Government Units include the following except: a. 5%
a. Update on the tax information system b. 10%
b. Advice on the adequacy of taxes, fees and charges and continued relevance of certain c. 15%
impositions d. 20%
c. Update on the adjustment of fees and charges e. 25%
d. Dissemination of tax ordinances and revenue measures An official/employee who has both money and property accountability, shall be bonded only once to
e. None of the above cover both accountabilities, but the amount of the bond shall be in accordance with the Schedule of
The Local Government Code of 1991 allows the rates of taxes to be adjusted only once every: Cash Accountability, provided however, that the amount of bond shall not exceed:
a. 3 years a. Php 5 million
b. 5 years b. Php 1 million
c. 10 years c. Php 100,000.00
d. 15 years d. Php 50,000.00
e. None of the above e. Php 10,000.00
The members of the Bids and Awards Committee shall be: The Fidelity Fund shall not be used for the following except:
a. 5-7 members a. To replace fines imposed on bonded officials/employees as a result of criminal conviction for
b. 5-9 members violation of the Revised Penal Code or any penal law.
c. 10-12 members b. To pay for defalcations, shortages and unrelieved accountability after all possible means of
d. 10-15 members recovery of the amount from the accountable official or employee have been exhausted.
e. Any number c. To answer the liability of a bonded official/employee convicted of estafa through falsification of
public documents in his/her capacity as private individual.
It is an inter-agency board created under the Government Procurement Reform Act or R A. No. d. To refund the accountability of a bonded official/employee found short in accountability but not
9184 chaired by the Secretary of DBM. removed or relieved of the duties.
a. Bids and Awards Committee e. None of the above.
b. Local School Boards Approved fidelity bonds are valid:
c. Local Finance Committee a. For 5 years
d. Government Procurement Policy Board b. For 3 years
e. Appraisal Committee c. For 1 year
The keys of the padlocks of the ballot box upon the termination of the counting of the votes shall be d. For 6 months
placed in separate envelopes, sealed and signed by all members of the board and delivered by a e. During the duration of appointment
COMELEC representative to the following except:
a. Provincial Treasurer It refers to all revenues and receipts collected or received forming the gross accretions of funds of
b. Provincial Governor the local government unit.
c. Provincial Fiscal a. Taxes
b. Revenue a. 3 days from receipt of the appeal
c. Cash collection b. 10 days from receipt of the appeal
d. Income c. 15 days from receipt of the appeal
e. Profit d. 30 days from receipt of the appeal
It has the power to create its own sources of revenue and to levy taxes, fees and charges subject to e. 60 days from receipt of the appeal
the provisions of the Local Government Code of 1991, consistent with the basic policy of local The penalties for violation of tax ordinances prescribed by the local government unit:
autonomy. a. is a fine between Php 1,000.00 – Php 5,000.00
a. Province b. is imprisonment from 1 to 6 months
b. Local Government Unit c. shall be either or both of the above
c. City d. shall only be either of the above
d. Congress e. shall always be both of the above
e. Office of the President The following are some of the taxes, fees and charges specifically reserved to provinces except:
The authority of the government to classify the object of taxation, to be valid, must be reasonable a. Professional Tax (Sec. 139, LGC)
and this requirement is not deemed satisfied unless: b. Tax on Business (Sec. 143, LGC)
a. It is based upon substantial distinctions which make the real differences. c. Tax on Business of Printing and Publication (Sec. 136, LGC)
b. These are germane to the purpose of the legislation or ordinance. d. Franchise Tax (Sec. 137, LGC)
c. The classification applies, not only to present conditions, but, also, to future conditions e. Amusement Tax (Sec. 140, LGC)
substantially identical to those of the present. The following are the taxes, fees and charges that may be levied by the municipalities and not
d. The classification applies equally to all those who belong to the same class. otherwise levied by provinces except:
e. All of the above a. Community Tax (Sec. 156, LGC)
The following describe what the taxes, fees and other impositions shall be except: b. Fees for Sealing and Licensing of Weights and Measures (Sec. 148, LGC)
a. uniform under all circumstances. c. Fishery Rentals, Fees and Charges (Sec. 149, LGC)
b. equitable and based as far as possible on the d. Tax on Sand, Gravel and Other Quarry Resources (Sec. 138, LGC)
taxpayer’s ability to pay. e. Fees and Charges on Business and Occupation (Sec. 236, LGC)
c. levied and collected only for public purposes. Except the rates of professional and amusement taxes, the rates of taxes that the city may levy may
d. not unjust, excessive, oppressive, or confiscatory. exceed the maximum rates allowed for the province or municipality by not more than:
e. not contrary to law, public policy, national economic policy, or in restraint of trade. a. 50%
The following are the requirements for a local ordinance to be valid except: b. 40%
a. not contravene the Constitution or any stature. c. 30%
b. not be partial or discriminatory. d. 20%
c. be general and consistent with public policy. e. 10%
d. neither prohibit nor regulate trade. The rate of tax on stores or retailers with fixed business establishments with gross sales or receipts
e. None of the above of the preceding calendar year of Php 50,000.00 or less, in the case of cities and Php 30,000.00 or
The conduct of public hearings shall be governed by the following procedure except: less, in the case of municipalities, shall not exceed:
a. Pre-publication/posting and written notices to interested/affected parties a. 5% on such gross sales or receipts
b. Public hearing prior to enactment of the tax ordinance or revenue measure b. 4% on such gross sales or receipts
c. Preparation of minutes by the secretary of the sanggunian c. 3% on such gross sales or receipts
d. Approval and publication of tax ordinance and revenue measures d. 2% on such gross sales or receipts
e. Dissemination of approved copies to interested parties e. 1% on such gross sales or receipts
The local chief executive may veto any ordinance of the sangguniang panlalawigan, sangguniang The application for Barangay clearance for any business or activity shall be acted upon within:
panlungsod, or sangguniang bayan. He/she shall communicate the veto: a. 24 hours from filing thereof
a. Within 15 days in the case of a province b. 3 working days from filing thereof
b. Within 10 days in the case of a city c. 7 working days from filing thereof
c. Within 10 days in the case of a municipality d. 15 working days from filing thereof
d. All of the above e. None of the above
e. None of the above The barangay may levy reasonable fees and charges for the following except:
Approved tax ordinances and revenue measures shall be published within: a. On commercial breeding of fighting cocks, cockfights and cockpits
a. 3 days from approval b. On business and occupation
b. 10 days from approval c. On places of recreation which charge admission fees
c. 15 days from approval d. On billboards, signboards, neon signs, and outdoor advertisements
d. 30 days from approval e. None of the above
e. 60 days from approval Local government units share from the income generated by the national government from all taxes
The Sangguniang Panlalawigan shall review the approved city or municipal ordinances or and revenue sources for the following except:
resolutions within: a. Internal Revenue Allotment (IRA)
a. 3 days from approval b. Tobacco Excise Tax
b. 10 days from approval c. Proceeds from the utilization of national wealth within their territorial jurisdiction
c. 15 days from approval d. Special shares from other national taxes, particularly on ECOZONES and specified portions of
d. 30 days from approval the Value Added Tax
e. 60 days from approval e. None of the above
The city or municipal ordinance or resolution shall be presumed consistent with law and therefore It refers to a shortfall of revenues against disbursements.
valid if no action has been taken by the sangguniang panlalawigan within: a. Bankruptcy
a. 3 days b. Fiscal Losses
b. 10 days c. Budget deficit
c. 15 days d. Variance
d. 30 days e. Public sector deficit
e. 60 days The share of all provinces from the total annual Internal Revenue Allotment (IRA) shall be at an
Appeal on the constitutionality or legality of an ordinance may be made within 30 days to the allocation of:
Secretary of Justice who shall render a decision within: a. 20%
b. 30% a. Donations
c. 34% b. Sale of Fixed Assets
d. 23% c. Contributions
e. 33% d. Sale of Waste Materials
The share of all municipalities from the total annual Internal Revenue Allotment (IRA) shall be at an e. Interest Income
allocation of: For drawing of checks payable to the LGU, under no circumstances shall the following checks be
a. 20% accepted except:
b. 30% a. Post-dated or Stale checks
c. 34% b. Checks drawn payable to the official title or designation of the LCE or Treasurer of the LGU
d. 23% c. Indorsed checks
e. 33% d. Checks drawn payable to “Cash”
The share of all barangays from the total annual Internal Revenue Allotment (IRA) shall be at an e. Checks drawn payable to the name of the Head of the LGU or any of its officers
allocation of: Upon receipt of the dishonored check and debit memo from the depository bank concerned, the
a. 20% collecting officer or Local Treasurer shall accomplish the “Notice of Dishonor” and sign it in behalf of
b. 30% the local chief executive within:
c. 34% a. 24 hours
d. 23% b. 2 days
e. 33% c. 3 days
Every barangay with a population of not less than 100 inhabitants shall be entitled to an Internal d. 5 days
Revenue Allotment (IRA) chargeable e. 7 days
against the 20% share of the barangay from the total IRA of not less: The local chief executive upon the recommendation of the Local Treasurer, shall immediately
a. Php 20,000.00 transmit the certified copies of the dishonored check, debit memo from the bank and notice of
b. Php 40,000.00 dishonor to the city or provincial prosecutor if the drawer of the dishonored check due to lack or
c. Php 60,000.00 insufficiency of funds fail to settle his account within:
d. Php 80,000.00 a. 24 hours from receipt of the notice of dishonor
e. Php 100,000.00 b. 2 days from receipt of the notice of dishonor
The individual shares in Internal Revenue Allotment (IRA) of each LGU shall be automatically c. 3 days from receipt of the notice of dishonor
released direct to the provincial, city, municipal, or barangay treasurer, as the case may be, on: d. 5 days from receipt of the notice of dishonor
a. a monthly basis e. 7 days from receipt of the notice of dishonor
b. a quarterly basis Unless the court shall direct otherwise, pending their redemption, dishonored checks shall remain in
c. a semi-annual basis the custody of:
d. an annual basis a. Local Chief Executive
e. None of the above b. COA Auditor
At what minimum percentage of the Internal Revenue Allotment (IRA) for the year be mandatory for c. Local Accountant
each LGU to asset aside in its annual budgets as appropriation for local development projects that d. Disbursing bank
are embodied or contained in the local development plans? e. Local Treasurer
a. 5% The following are Accountable Forms with money value except:
b. 10% a. Checks
c. 20% b. Cash Tickets
d. 30% c. Certificate of Transfer of Large Cattle
e. None of the above d. Certificate of Ownership of Large Cattle
It refers to the natural resources situated within the Philippine territorial jurisdiction including lands e. Marriage License Certificate
of public domain waters, minerals, coal, petroleum, mineral oils, potential energy forces, gas and oil Issuance of Accountable Forms to bonded officers has to be in sufficient quantities based on their
deposits, forest products, wildlife, flora and fauna, fishery and aquatic resources and all quarry actual needs but not to exceed use of:
products. a. 1 month
a. Land resources b. 3 months
b. Sovereignty c. 6 months
c. Forestry d. 1 year
d. National territory e. None of the above
e. National wealth All Provincial, City and Municipal Treasurers shall deposit their funds and maintain deposit accounts
From the gross collection derived by the national government from the preceding fiscal year from with Land Bank of the Philippines and Development Bank of the Philippines. By way of exception,
the mining taxes, royalties, forestry and fishery charges, and such other taxes, fees, or charges as and subject to prior approval of the Department of Finance, they may likewise do so with the
well as administrative charges accruing to the national government, the LGU shall, in addition to the following except:
IRA, have a share of: a. Bank of the Philippine Islands
a. 10% b. Philippine National Bank
b. 20% c. Philippine Postal Savings Bank
c. 30% d. Philippine Veterans Bank
d. 40% e. Al Amanah Islamic Investment Bank of the Philippines
e. None of the above The Barangay Treasurer shall deposit all collections with the city or municipal treasury or in the
In lieu of the national and local taxes, businesses and enterprises in Special Economic Zones shall depository account maintained in the name of the barangay within:
pay gross income tax of: a. 1 day after receipt thereof
a. 1% b. 2 days after receipt thereof
b. 3% c. 3 days after receipt thereof
c. 5% d. 5 days after receipt thereof
d. 10% e. 7 days after receipt thereof
e. 12% It refers to available cash which the local government unit can freely invest in government securities
Other common sources of LGU revenues outside taxation, fees and charges, and shares in national and/or fixed term deposits with authorized government depository banks.
taxes and wealth are the following except: a. Idle funds
b. Collections e. None of the above
c. Taxes It shows the amount of tax deficiency inclusive of penalties, surcharges and interest resulting from
d. Bank deposits the conduct of the examination.
e. Cash in Treasury a. Letter of Confirmation/Certificate of Confirmation/Certificate of Examination
The Treasurer shall maintain the following cashbooks except: b. Tax Data Working Papers or Tax Data Sheet
a. Cashbook – Cash in Treasury c. Letter of Assessment/Assessment Notice
b. Cashbook – Cash in Bank d. Tax Data and Assessment Form
c. Cashbook – Daily Recording e. None of the above
d. Cashbook – Cash Advances Its issuance signifies the completion of the examination conducted.
e. None of the above a. Letter of Confirmation/Certificate of Confirmation/Certificate of Examination
It shall be maintained by individual Tellers, Fields and Market Collectors and other b. Tax Data Working Papers or Tax Data Sheet
authorized personnel receiving collections outside of the local government office. c. Letter of Assessment/Assessment Notice
a. The Treasurer’s Cashbook d. Tax Data and Assessment Form
b. The Teller’s/Collector’s Cashbook e. None of the above
c. Certificate of Transactions in the Cashbook The following are the general classification of funds except:
d. The Liquidating Officer’s Cashbook a. Trust Fund
e. None of the above b. Mutual Fund
It shall be used by the designated Liquidating Officer to record all collections turned over to him by c. Special Fund
Tellers, Field and Market Collectors, and remittances to the Local Treasurer/Cashier. d. General Fund
a. The Treasurer’s Cashbook e. None of the above
b. The Teller’s/Collector’s Cashbook It is defined as a sum of money or other resources set aside for the purpose of carrying out specific
c. Certificate of Transactions in the Cashbook activities or attaining certain objectives in accordance with special regulations, restrictions or
d. The Liquidating Officer’s Cashbook limitations, and constitutes an independent fiscal and accounting entity.
e. None of the above a. Government Fund
The Report of Collections and Deposits shall be prepared daily by: b. Special Funds
a. Tellers/Collectors c. Local Funds
b. Liquidating Officers d. Fund
c. Local Treasurer/Cashier e. Trust Fund
d. None of the above It consists of monies and resources of the local government which are available for the payment of
e. All of the above expenditures, obligations or purposes not specifically declared by law as accruing and chargeable
The following shall govern the examination to, or payable from, any other fund (Sec. 308, LGC)
by the Local Treasurer of books of accounts and pertinent records of businessmen except: a. Government Fund
a. Examination of Books of Accounts and Pertinent Records of Businessmen b. Special Funds
b. Authority to Conduct Examination or provide the Written Authority to qualified officers c. Local Funds
c. Deputize the Administrative Officer of the Sangguniang Panlungsod to examine the books of d. Fund
accounts of business establishments e. Trust Fund
d. Time, Frequency and Certification The General Fund maintains Special Accounts for the following except:
e. Access to the Bureau of Internal Revenue Records a. Development projects funded from the share of the local government unit concerned in the
In case the books of accounts and other records are not available on the first visit, another internal revenue allotment.
appointment with the business owner/representative, after serving the Letter of Authority, should be b. Public utilities and other economic enterprises.
made not later than: c. Operation and maintenance of public schools.
a. 3 days d. Other special accounts which may be created by law or ordinance.
b. 5 days e. Loans, interests, bond issues, and other contributions for specific purposes.
c. 7 days It shall consist of private and public monies which have officially come into the possession of the
d. 15 days local government or of a local government official as trustee, agent or administrator, or which have
e. 30 days been received as guaranty for the fulfillment of some obligation.
The deputized Examiners shall perform the following activities except: a. Trust Funds
a. Review of pertinent records of the business establishment to be examined b. Special Funds
b. Review of the working papers, if any, of the business establishment, if previously examined c. Real property tax proceeds
c. Submission to the Owner/President of the business establishment to be examined the Letter d. Local Funds
of Appointment/Authority to conduct the examination e. General Funds
d. Acceptance of books of accounts and documents for verification/examination The Local School Board determines and approves the allocation of proceeds from the applicable
e. Preparation of Bank Reconciliation Statements tax on real property for the following purposes except:
It shows the comparison between the gross receipts/sales declared per business permit application a. Educational research
and the gross receipts/sales as appearing in the sales documents examined. b. Construction of a school playground
a. Letter of Confirmation/Certificate of Confirmation/Certificate of Examination c. Operation and maintenance of public schools
b. Tax Data Working Papers or Tax Data Sheet d. Purchase of books and periodicals
c. Letter of Assessment/Assessment Notice e. Construction and repair of school buildings, facilities and equipment
d. Tax Data and Assessment Form The following are some of the fundamental principles governing the utilization of Local Funds
e. None of the above except:
It shows the detailed computation of the additional assessment for business tax based on the a. Disbursements or disposition of government funds or property shall invariably bear the approval
computed understatement of sales/receipts declared in the business permit application, the amount of the proper officials.
of surcharges and penalties, the interest on the deficiency tax assessed, as well as the signatures b. Disbursements or disposition of government funds or property shall invariably bear the approval
of the Examination Team and the Local Treasurer. of the proper officials.
a. Letter of Confirmation/Certificate of Confirmation/Certificate of Examination c. Fiscal responsibility shall be shared by all those exercising authority over the financial affairs,
b. Tax Data Working Papers or Tax Data Sheet transactions, and operations of the local government units.
c. Letter of Assessment/Assessment Notice d. Claims against government funds shall be supported with complete documentation.
d. Tax Data and Assessment Form e. Trust Funds in the local treasury shall be paid out in fulfillment of the purpose for which the trust
was created or the funds received and other allocations as may be determined by the local department/office based on the historical data of peaks and slumps of activities/tasks and the
government as necessary peculiar requirements of certain P/A/Ps.
It refers to an authorization made by ordinance, directing the payment of goods and services from a. Physical Performance Targets
local government funds under specified conditions or for specific purposes. b. Local Budget Matrix
a. Savings c. Obligation
b. Government resolution d. Cash Program
c. Budget e. Allotment
d. Appropriation This must be able to facilitate the management of cash such that it is available when it is needed for
e. General Fund payment of obligations and at the same time optimizes its utilization.
The following are the general classifications of appropriations except: a. Physical Performance Targets
a. Supplemental Appropriation b. Local Budget Matrix
b. Treasury Appropriation c. Obligation
c. Annual Appropriation d. Cash Program
d. Continuing Appropriation e. Allotment
e. None of the above This refers to the amount committed to be paid by the local government unit for any lawful act made
This refers to an appropriation available to support obligations for a specified purpose or project, by an accountable officer for and in behalf of the local government unit concerned.
such as those for the construction of physical structures or for the acquisition of real property or a. Physical Performance Targets
equipment, even when these obligations are incurred beyond the budget year. b. Local Budget Matrix
a. Supplemental Appropriation c. Obligation
b. Treasury Appropriation d. Cash Program
c. Annual Appropriation e. Allotment
d. Continuing Appropriation The Local Budget Matrix classifies budgetary items under the following except:
e. None of the above a. Unprogrammed Appropriation
This is one prepared to adjust the equilibrium of the first approved budget which has been disturbed b. Revenue Collection
by current economic, political or social conditions, or to provide an additional amount to the original c. Not-Needing Clearance
appropriation which proved to be inadequate or insufficient for the particular purpose intended. d. Reserve
a. Supplemental Appropriation e. Later Release
b. Treasury Appropriation The following provides for the steps in the obligation process except:
c. Annual Appropriation a. The sanggunian authorizes the preparation of an appropriation consisting of specified amounts
d. Continuing Appropriation for an obligation in accordance with the Annual Budget.
e. None of the above b. The Head of the requesting office in the local government unit shall prepare the Obligation
This is an appropriation consisting of specified amounts for salaries, wages, and sundry expenses, Request and the Disbursement Voucher.
etc., authorized by the sanggunian as necessary for the regular operations of the local government c. The Local Budget Officer shall certify as to the existence of available appropriation that has been
unit during any given year. legally made for the purpose and shall maintain the appropriate Registries of Appropriation,
a. Supplemental Appropriation Allotments and Obligations.
b. Treasury Appropriation d. The Local Accountant shall certify the obligation of allotment and completeness of supporting
c. Annual Appropriation documents.
d. Continuing Appropriation e. None of the above
e. None of the above This includes all charges against the fund of the local government unit for current operating
It is based on estimated income and program of expenditures for a given year. expenditures, capital outlays and provisions for retirement of long term obligations.
a. The Local Budget a. Current Operating Expenditures
b. Allotment b. Unnecessary Expenditures
c. Appropriation c. Irregular Expenditures
d. General Fund d. Government Expenditures
e. Allotment System e. Capital Outlays
It is a system of budget control to ensure that obligations incurred will not exceed appropriations or This refers to appropriations for the purchase of goods and services for current consumption or for
authorizations made by appropriation ordinance, directing the payment of goods and services from benefits expected to terminate within the fiscal year.
local government funds under specified conditions or purposes. a. Current Operating Expenditures
a. The Local Budget b. Unnecessary Expenditures
b. Allotment c. Irregular Expenditures
c. Appropriation d. Government Expenditures
d. General Fund e. Capital Outlays
e. Allotment System This refers to appropriations for the purchase of goods and services, the benefits of which extend
It is an authorization issued by the Local Chief Executive to a department/office of the local beyond the fiscal year and which add to the assets of local government unit concerned.
government unit, which allows it to incur obligations for specified amounts within its appropriations. a. Current Operating Expenditures
a. The Local Budget b. Unnecessary Expenditures
b. Allotment c. Irregular Expenditures
c. Appropriation d. Government Expenditures
d. General Fund e. Capital Outlays
e. Allotment System This signifies that the expenditure incurred does not adhere to established rules, regulations,
This is the yearly overall financial plan of the local government unit equivalent to its approved procedural guidelines, policies, principles or practices that have gained recognition in law.
appropriation disaggregated into components or categories. a. Unnecessary Expenditures
a. Physical Performance Targets b. Extravagant Expenditures
b. Local Budget Matrix c. Excessive Expenditures
c. Obligation d. Irregular Expenditures
d. Cash Program e. Unconscionable Expenditures
e. Allotment This pertains to expenditures which could not pass the test of prudence or the obligation of a good
This reflects the targeted units of work under each program/activity/project (P/A/P) for each father of a family, thereby not responsive to the exigencies of the service.
a. Unnecessary Expenditures d. Expenditures for supplies and materials in quantities beyond that required and needed by the
b. Extravagant Expenditures LGU for a determinable period, resulting in overstocking.
c. Excessive Expenditures e. None of the above.
d. Irregular Expenditures The following expenditures are considered extravagant except:
e. Unconscionable Expenditures a. Purchase of luxurious and expensive office furnishings for office buildings.
It signifies expenses without knowledge or sense of what is right, reasonable and just and not b. Purchase of wines, liquors, cigars and cigarettes.
guided or restrained by conscience. c. Installation of highly sophisticated outdoor signs, billboards and neon signs advertising the office.
a. Unnecessary Expenditures d. Purchase of expensive cars for the use of the Justices of the Supreme Court and the Heads of
b. Extravagant Expenditures Constitutional Commissions.
c. Excessive Expenditures e. None of the above.
d. Irregular Expenditures It constitutes all payments made during a given period either in currency, by check, through bank
e. Unconscionable Expenditures and electronic transfers, telegraphic transfers, letters of credit, credit/debit cards and other non-
This signifies unreasonable expense or expenses incurred at an immoderate quantity or exorbitant conventional modes of payment.
price. a. Local Funds
a. Unnecessary Expenditures b. Appropriations
b. Extravagant Expenditures c. Disbursements
c. Excessive Expenditures d. Savings
d. Irregular Expenditures d. None of the above
e. Unconscionable Expenditures Disbursements of public funds shall be guided by the following prohibitions except:
This signifies those incurred without restraint, judiciousness and economy. These expenditures a. Advance Payments
exceed the bounds of propriety and are immoderate, prodigal, lavish, luxurious, wasteful, grossly b. Expenditures for Religious or Private Purposes
excessive, and injudicious. c. Expenses for Reception and Entertainment
a. Unnecessary Expenditures d. Cash Overdrafts in the Treasury
b. Extravagant Expenditures e. None of the above
c. Excessive Expenditures Disbursements from the General Fund and Special Education Fund shall require the following
d. Irregular Expenditures except:
e. Unconscionable Expenditures a. Certification as to existence of appropriation that has been legally made for the purpose by the
The following are considered irregular expenditures except: Local Budget Officer.
a. Office equipment and property without the proper identification or inventory markings. b. Certification as to necessity, legality, as well as to the validity, propriety and legality of support
b. Reimbursement of expenses incurred by persons other than authorized representatives of the documents by the head of the requesting department or office.
LGU for attending conferences, meetings and other official functions. c. Certification in the Disbursement Voucher by the Local Accountant and the Local Treasurer.
c. Payment for emergency purchase, where there is no emergency. d. Approval by the Local Chief Executive.
d. Payments made on the basis of split requisitions, purchase orders, vouchers or checks even with e. None of the above
approval by proper authority of the LGU. Disbursement from the Trust Fund shall require the following except:
e. Bringing home government motor vehicles after office hours by officials to whom these are a. Certification by the Local Budget Officer
assigned. b. Certification by the Local Treasurer
The following expenditures are considered unnecessary except: c. Certification by the Local Accountant
a. Grant of overtime pay for work that is not urgent in nature as to require completion within a d. Approval by the Local Chief Executive
specified time or that can be undertaken during regular office hours. e. Necessary documents are attached to the disbursement vouchers/payrolls.
b. Expenses for advertisement of anniversaries, etc., in newspapers, television or radio merely for It is used for the payment of salaries and other emoluments of government employees.
publicity or propaganda purposes. a. Human Resource Budget
c. Use of air conditioners when not needed, or even during the absence of the official in whose b. General Payroll
room the air conditioner is installed. c. Daily Wage Payroll
d. Use of table lamps while working in the office where the room is adequately illuminated from the d. Local Fund
ceiling lights. e. Payroll
e. None of the above. These are those granted to Cashiers, Disbursing Officers, Paymasters and/or Property/Supply
Excessive Expenditures signify unreasonable expense or expenses incurred at an immoderate Officers separately.
quantity or exorbitant price. The price is excessive if it is more than what percentage of allowable a. Commutable Allowances
price variance between than the price for the item bought and the price for the same item per b. Honoraria to officials and employees
canvass of the auditor. c. Special Cash Advances
a. 33 d. Regular Cash Advances
b. 10 e. Salaries and Wages
c. 20 These are those granted on the explicit authority of the Local Chief Executive only to duly
d. 15 designated disbursing officers or employees for other legally authorized purposes.
e. 50 a. Commutable Allowances
To determine if the price is excessive, the following factors may be considered except: b. Honoraria to officials and employees
a. Supply and Demand Forces in the Market c. Special Cash Advances
b. Government Price Quotations d. Regular Cash Advances
c. Special Discount for Bulk Orders e. Salaries and Wages
d. Warranty of Products or Special Features The cash advance for petty operating expenses shall be sufficient for the recurring expenses of the
e. Brand of Products agency for:
The following expenditures are considered excessive except: a. 15 days
a. Payment for maintenance of government vehicles and replacement of parts beyond their life b. 1 month
cycle. c. 1 quarter
b. Overpricing of purchases characterized by grossly exaggerated or inflated quotations, in excess d. 6 months
of the current and prevailing market price by a 10% variance from the purchased item. e. 1 year
c. Payment for repair of government equipment at a cost exceeding 30% of the current market price The Accountable Officer may request replenishment of the case advance when the disbursements
of the same or similar equipment. reach at least:
a. 10% Examples of the use of intelligence and/or confidential expenses are as follows except:
b. 25% a. Purchase of information relevant to security and peace and order.
c. 50% b. Payment of allowances for special security personnel.
d. 75% c. Payment of rewards.
e. None of the above. d. Rentals and other incidental expenses related to the maintenance of safe houses.
The cash advance shall be supported by which document(s): e. Purchase of supplies, materials and equipment necessary for intelligence and confidential
a. Written authority by the Local Chief Executive operations and/or projects.
b. Approved application for bond The annual appropriations for discretionary purposes of the local chief executive shall not exceed at
c. Estimate of expenses what percentage of the actual receipts derived from basic real property tax in the next preceding
d. None of the above calendar year.
e. All of the above a. 2
The amount of the cash advance shall be limited to the requirements for 2 months. The b. 3
Accountable Officer shall submit a Report of Disbursements: c. 5
a. Within 3 days after the end of each month d. 10
b. Within 5 days after the end of each month e. None of the above
c. Within 10 days after the end of each month The Barangay Kagawad who is designated as Chairman of the Committee on Appropriation shall be
d. Within 15 days after the end of each month responsible in monitoring the approved appropriations and the charges against the following funds
e. Within 30 days after the end of each month except:
Travels and payment of travel expenses of officials and employees of National Government a. 20% Development Fund
Agencies will require approval of the Department Secretary or his equivalent if it will last more than: b. Calamity Fund
a. 10 days c. Sangguniang Kabataan Fund
b. 15 days d. The Local Budget
c. 30 days e. Gender and Development Fund
d. 45 days The following are classified as Personal Services except:
e. 60 days a. Salaries and Wages (Regular)
The travel expenses of government personnel regardless of rank and destination shall be in the b. Salaries and Wages (Contractual)
amount of: c. Special allowances
a. Php 500.00 d. Honoraria
b. Php 800.00 e. Cash Gift
c. Php 1,500.00 The frequency of which the Barangay Treasurer shall record all the checks issued in the Summary
d. Php 5,000.00 of Checks Issued.
e. Any amount as requested a. Daily
The cash advance voucher for official foreign travel shall be supported by which document(s): b. Weekly
a. Travel Order c. At the end of the month
b. Itinerary of Travel d. On or before the 5th day of the following month
c. Authority from the President to claim Representation Expenses, when applicable. e. None of the above
d. Certification of the local official or employee concerned duly verified by the Local Accountant to The frequency of which the Barangay Record Keeper shall record check disbursement based on
the effect that no clothing allowance had been received during the next preceding 24 months, if the certified Summary of Checks Issued in the Check Disbursement Register.
clothing allowance is being claimed. a. Daily
e. Official receipts of initial expenses made in preparation for such travel. b. Weekly
Cash advance for salaries and wages shall be liquidated within the prescribed period of: c. At the end of the month
a. 3 days after each 15 day/end of the month pay period d. On or before the 5th day of the following month
b. 5 days after each 15 day/end of the month pay period e. None of the above
c. 15 days after each 15 day/end of the month pay period The schedule of which the Barangay Record Keeper shall submit the Check Disbursement Register
d. 30 days after each 15 day/end of the month pay period together with the Summary of Check Issued to the City/Municipal Accountant for recording of the
e. None of the above checks issued in the books.
Cash advance for Petty Operating Expenses and Field Operating Expenses shall be liquidated a. Daily
within the prescribed period of: b. Weekly
a. 3 days after the end of the year c. At the end of the month
b. 5 days after the end of the year d. On or before the 5th day of the following month
c. 15 days after the end of the year e. None of the above
d. 20 days after the end of the year The schedule for which the Check Disbursement Register shall be totaled, balanced, ruled
e. 30 days after the end of the year recapitulated and certified.
A cash advance has to be returned or refunded immediately to the Collecting Officer if it has not a. Daily
been used for period of: b. Weekly
a. 2 months c. At the end of the month
b. 3 months d. On or before the 5th day of the following month
c. 6 months e. None of the above
d. 1 year The barangay Disbursement Voucher in 4 copies shall be distributed to the following except:
e. 2 years a. Local Auditor concerned
Liquidation of the cash advance for Petty Operating Expenses shall be supported by the following b. City/Municipal Accountant
reports and documents except: c. Attached to the city/municipal Disbursement Voucher
a. Report of Disbursements d. Barangay Treasurer
b. Approved Requisition and Issue Voucher with the Certificate of Emergency Purchase, if e. Punong Barangay
necessary The cash advance for payroll charged against Barangay Funds maintained by depository bank shall
c. Receipts, Sales Invoices be liquidated.
d. Certificate of Acceptance/Inspection a. Within 3 days after the end of the pay period
e. Canvass of at least 3 suppliers b. Within 5 days after the end of the pay period
c. Upon demand by the Barangay Treasurer c. Cash Flow from Financing Activities
d. Upon full release of the amount to intended recipients d. Cash Flow Analysis
e. Within 15 days after the end of the pay period e. Cash Receipts Forecast
At what percentage of the General Fund of the barangay shall the budget for the Sangguniang It is a schedule of all income collections and other receipts to be prepared by all collecting units. All
Kabataan be? receipts shall also be classified into operating, financing and investing activities.
a. 10% a. Cash Flow from Investing Activities
b. 3% b. Cash Disbursement Forecast
c. 20% c. Cash Flow from Financing Activities
d. 5% d. Cash Flow Analysis
e. None of the above e. Cash Receipts Forecast
Sanggunian Kabataan budgeting is the same as that of the other LGUs. The major phases are the It is a schedule of all expenditures to be prepared by the local treasury personnel in charge of
following except: expenditures and disbursements.
a. Budget Preparation a. Cash Flow from Investing Activities
b. Budget Authorization b. Cash Disbursement Forecast
c. Budget Review and Execution c. Cash Flow from Financing Activities
d. Budget Accountability and Reporting d. Cash Flow Analysis
e. None of the above e. Cash Receipts Forecast
It is the exercise of economic, political and administrative authority to manage a country’s/local It is a cash flow monitoring tool used to guide the Local Chief Executive, the Local Treasurer, and
government affairs at all levels. It comprises mechanisms, processes, and institutions through which the Local Budget Officer to control the releases of allotment depending on the
citizens and groups articulate their interests, exercise their legal rights, meet their obligations, and collection/expenditure performance during the period.
mediate their differences. a. Cash Flow from Investing Activities
a. Cash Programming Tools b. Cash Disbursement Forecast
b. Cash Flow from Operating Activities c. Cash Flow from Financing Activities
c. Cash Flow Forecast d. Cash Flow Analysis
d. Good Governance e. Cash Receipts Forecast
e. Cash Management and Programming It is the ratio of the Present Value of Annual Cash Returns discounted at the lowest acceptable rate
It allows Local Treasurers to manage the cash such that it is available when it is needed for to the Present Value of the Initial Investment Cost.
payment of obligations and at the same time optimize its utilization, ensure that released allotments Present Value Index
are adequately covered by available cash and/or future collections, and provide information to Time value of money
facilitate the control of expenditures. Net Present Value
a. Cash Programming Tools Discounted Rate of Return
b. Cash Flow from Operating Activities Annual Cash Inflow
c. Cash Flow Forecast It is the amount of cash a project is expected to generate annually, and equal to the cash inflows
d. Good Governance from projected sales and or service fees minus the estimated cash outflows for operational
e. Cash Management and Programming expenses.
It aids the Local Treasurer in cash management and programming such as Cash Flow Forecast and a. Present Value Index
the Cash Flow Analysis. b. Time value of money
a. Cash Programming Tools c. Net Present Value
b. Cash Flow from Operating Activities d. Discounted Rate of Return
c. Cash Flow Forecast e. Annual Cash Inflow
d. Good Governance It refers to the expected increase in its peso value considering the prevailing interest rates, the
e. Cash Management and Programming passage of time, and opportunity cost of capital and similar factors.
It is a monthly schedule of anticipated receipts and disbursements of the local government unit for a. Present Value Index
the fiscal year showing the beginning and ending cash balances of each month. b. Time value of money
a. Cash Programming Tools c. Net Present Value
b. Cash Flow from Operating Activities d. Discounted Rate of Return
c. Cash Flow Forecast e. Annual Cash Inflow
d. Good Governance It is the rate at which an investment is earning, and equates the present value of cash returns with
e. Cash Management and Programming the present value of the initial investment.
It pertains to the receipts from, and disbursements of cash out of, the regular and primary Present Value Index
operations of the local government unit such as from collection of taxes, share from IRA, payment Time value of money
to creditors and employees, etc. Net Present Value
a. Cash Programming Tools Discounted Rate of Return
b. Cash Flow from Operating Activities Annual Cash Inflow
c. Cash Flow Forecast It represents the excess of the present value of annual cash returns (discounted at the lowest
d. Good Governance acceptable rate) over the present value of the initial capital investment.
e. Cash Management and Programming a. Present Value Index
It includes receipt of cash from bank loans, proceeds from the floatation of bonds and receipts from b. Time value of money
other types of borrowings. c. Net Present Value
a. Cash Flow from Investing Activities d. Discounted Rate of Return
b. Cash Disbursement Forecast e. Annual Cash Inflow
c. Cash Flow from Financing Activities It refers to the estimated useful life of an asset or that length of period during which economic
d. Cash Flow Analysis benefits can be derived therefrom.
e. Cash Receipts Forecast a. Cost of money
It pertains to receipts from the sale, acquisition or purchase of long term investments such as real b. Economic life
estate, machinery and other Plant, Property and Equipment. c. Scrap value
a. Cash Flow from Investing Activities d. Payback Period
b. Cash Disbursement Forecast e. None of the above
It refers to the length of time or number of years it will take to recover the initial outlay for a project. A written notification by the Auditor to the agency head and the accountable officer concerned of the
a. Cost of money total suspensions, disallowances and charges found in audit, as well as the settlements thereof.
b. Economic life a. Disallowance
c. Scrap value b. Settlement
d. Payback Period c. Certificate of Settlement and Balances
e. None of the above d. Termination
The LGU should consider long-term financing for the acquisition, maintenance and replacement or e. Suspension
expansion of physical assets (including land) only if the economic enterprise would be expected to The process of determining the status or balance of the accountability of an accountable officer.
generate revenue in the near term or if these assets have a useful life of at least: a. Disallowance
a. 1 year b. Settlement
b. 3 years c. Certificate of Settlement and Balances
c. 5 years d. Termination
d. 10 years e. Suspension
e. None of the above The deferment of action to allow or disallow in audit a transaction pending compliance with certain
Cash Programming Tools such as Cash Flow Forecast and Cash Flow Analysis can provide the requirements.
following information except: a. Disallowance
a. Effectiveness of the Local Chief Executive b. Settlement
b. Excess in the collection of taxes and other revenues c. Certificate of Settlement and Balances
c. Under-collection of taxes and other revenues d. Termination
d. Under-disbursement or excess in the disbursement e. Suspension
e. Large amount of idle cash that may be invested The disapproval in audit of a transaction, either in whole or in part.
When funding competing capital projects, the viability and approvability of the project and its funding a. Disallowance
from long-term debt should be b. Settlement
assessed based on the following factors except: c. Certificate of Settlement and Balances
a. Approval from the Local Chief Executive d. Termination
b. Nature of the project and uses of funds e. Suspension
c. Cost-benefit analysis of the project These are items of property, plant and equipment and are referred to as such because of their
d. Expenditure plan and sources of debt financing permanent nature and because they are not subject to rapid turnover.
e. None of the above a. Quick Assets
It refers to the answerability of every public officer whose duties permit or require the possession or b. Liability
custody of government funds or property and who shall be accountable therefor and for the c. Fixed Assets
safekeeping thereof in conformity with law. d. Equity
a. Liability e. Current Assets
b. Public Service The following are examples of fixed assets except:
c. Accountability a. Equipment
d. Honesty b. Furniture and fixtures
e. Responsibility c. Land
The obligation to prudently exercise assigned or imputed authority attaching to the assigned or d. Office Supplies
imputed role of an individual or group participating in organizational activities or decision. e. Building
a. Liability A personal obligation arising from an audit disallowance or charge in the course of post
b. Public Service audit of a transaction or examination of the cash and accounts of an accountable officer.
c. Accountability a. Quick Assets
d. Honesty b. Liability
e. Responsibility c. Fixed Assets
The officer of any government agency whose duties permit or require the possession or custody of d. Equity
government funds or property, (such as the Local Treasurer, Collecting Officer, Disbursing Officer, e. Current Assets
Cashier, Paymaster, and Property Officer) who is required by law to render account to the Cash and other assets that are not earmarked for specific purposes other than the payment of a
Commission on Audit. current liability or a readily marketable investment.
a. Persons Responsible a. Quick Assets
b. Accountable Officer b. Liability
c. Local Treasurer c. Fixed Assets
d. Persons Liable d. Equity
e. None of the above e. Current Assets
The persons determined by the auditor to be answerable for an audit disallowance or charge arising A holding that can be converted into cash within a short period of time.
from the post-audit of transaction or examination of the cash and accounts of an accountable a. Quick Assets
officer. b. Liability
a. Persons Responsible c. Fixed Assets
b. Accountable Officer d. Equity
c. Local Treasurer e. Current Assets
d. Persons Liable It is the process of elevating to the next higher authority a decision, order, or ruling.
e. None of the above a. Settlement
The persons determined by the auditor to be answerable for compliance with the audit b. Appeal
requirements as called for in the notice of suspension. c. Reconsideration
a. Persons Responsible d. Complaint
b. Accountable Officer e. None of the above
c. Local Treasurer When a Local Treasurer or officer accountable for government funds or property absconds with
d. Persons Liable them, dies, or becomes incapacitated in the performance of his duties, in the case of funds and
e. None of the above property of the province, city and municipality, the designation of a custodian to take charge of the
funds or property until a successor shall have been appointed and qualified shall be made by: b. Certificate of Settlement and Balances
a. President of the Philippines c. Notice of Disallowance
b. Local Chief Executive d. Notice of Charge
c. Governor e. Credit Notice
d. Secretary of Finance It shall be issued as often as suspensions are made by the auditor for the purpose of notifying the
e. COA Director agency head and the accountable officer concerned on the suspended transactions.
When a loss of government funds or property occurs while they are in transit or the a. Notice of Suspensions
loss is caused by fire, theft, or other casualty or force majeure, the officer accountable therefor or b. Certificate of Settlement and Balances
having custody thereof shall immediately notify the Commission on Audit or auditor concerned and, c. Notice of Disallowance
unless the auditor allows a longer period, shall present his application for relief with the available d. Credit Notice
supporting evidence within: e. Audit Observation Memorandum
a. 30 days It shall be used and issued as often as disallowance are made by the auditor in order to notify the
b. 45 days agency head, the accountable officers concerned, and the other persons liable for the disallowed
c. 60 days transaction.
d. 90 days a. Notice of Suspensions
e. None of the above b. Certificate of Settlement and Balances
The sealing of safe and other cash receptacles shall be resorted to by the examining officer only in c. Notice of Disallowance
the following exceptional cases except: d. Notice of Charge
a. The absence or non-appearance of the accountable officer for the count. e. Credit Notice
b. When the accountable officer refuses to submit himself to cash examination. It is issued by the auditor to the accountable officer within 30 days from receipt of the report of
c. An interruption or the non-completion of the count during the day or the necessity of controlling disbursements for liquidation of cash advances, to inform the latter of the amount allowed in audit
cash, cash items and records. and any suspensions and/or disallowance made.
d. In cases of deceased, incapacitated or absconding accountable officer pending the cash count to a. Notice of Suspensions
be conducted by a committee created to make an inventory of his cash, cash items and other b. Certificate of Settlement and Balances
accountabilities. c. Notice of Disallowance
e. When prima facie evidence of missing funds has been established. d. Notice of Charge
The following shall be disallowed as credit to accountable officer’s accountability except: e. Credit Notice
a. Post-dated Checks and Treasury Warrants It shall be used and issued as often as charges are made by the auditor to notify the agency head,
b. Chits, IOUs, Vales or other forms of Promissory Notes accountable officer concerned and other persons liable for the deficiencies noted in the audit of
c. Cash and cash items revenues and receipts.
d. Demonetized Bills and Coins and Unacceptable Mutilated Bills a. Notice of Suspensions
e. Private Checks not made payable to the agency or the official title or designation of the agency b. Certificate of Settlement and Balances
head c. Notice of Disallowance
After the cash examination is completed, the auditor shall prepare and submit a final narrative d. Notice of Charge
report which shall contain: e. Credit Notice
a. Introduction The Certificate of Settlement and Balances shall be issued for every accountable officer and for
b. Findings each fund within:
c. Recommendations a. 10 days after the end of each quarter
d. All of the above b. 30 days after the end of each quarter
e. None of the above c. 60 days after the end of each quarter
A person who, by direct provision of the law, popular election or appointment by competent d. 90 days after the end of each quarter
authority, shall take part in the performance of public functions in the government, or shall perform e. None of the above
in said government or in any of its branches public duties as an employee, agent, or subordinate It shall be issued to the agency head and/or other officials concerned relative to the
official, of any rank or class. findings/observations/other deficiencies noted in the audit of accounts/transactions and requiring
a. Public officer comment/reply thereto within the period specified therein.
b. Accountable officer a. Notice of Disallowance
c. Auditor b. Audit Observation Memorandum
d. Local Treasurer c. Credit Notice
e. Examining officer d. Auditor’s Order
Auditors of all government agencies shall certify the balances arising in the accounts settled by e. None of the above
them to the Commission on Audit and to the proper Local Treasurer, Collecting Officer, or It shall be used by the auditor to enforce the settlement of audit disallowances and charges,
Disbursing Officer, in such form as the Commission on Audit may prescribe, within: whenever the persons liable therefor refuse or fail to voluntarily settle the disallowances and
a. 30 days charges after the decision has become final and executor.
b. 45 days a. Notice of Disallowance
c. 60 days b. Audit Observation Memorandum
d. 90 days c. Credit Notice
e. None of the above d. Auditor’s Order
Unless extended in writing and for good cause, a charge of suspension by the accountable officer e. None of the above
shall become a disallowance if after receipt of the certificate or notice it is not satisfactorily All transactions which are irregular, unnecessary, excessive and extravagant and those which are
explained within: illegal and unconscionable. These are:
a. 30 days a. Grounds for Disallowance
b. 45 days b. Grounds for Charges
c. 60 days c. Grounds for Suspension
d. 90 days d. Grounds for Termination
e. None of the above e. None of the above
It summarizes all suspensions, disallowances and charges found in audit, including the settlements Transactions or accounts which could otherwise have been settled for some documentary or
thereof as of a given date. technical requirements and those the legality/propriety/regularity of which the auditor doubts, but
a. Notice of Suspensions which may possibly be allowed in audit after satisfactory explanation or valid justification by the
parties concerned. These are: d. Sufficient ground for administrative disciplinary action against the officials and employees
a. Grounds for Disallowance involved
b. Grounds for Charges e. Automatic dismissal from the service after due notice and hearing
c. Grounds for Suspension Under R. A. No. 7160, failure to collect tax due on real property by any officer or to dispose of
d. Grounds for Termination delinquent real property at public auction by the Local Treasurer shall be punished by:
e. None of the above a. A fine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both
When there is error in the assessment which resulted in under collection, and error in the b. A fine between Php 1,000.00 – Php 5,000.00 or by imprisonment between 1 – 6 months or both
computation of the amount due the payor which may either be over collection or under collection. c. A fine between Php 200.00 – Php 10,000.00 or penalty of prision correccional in its minimum
These are: period or both
a. Grounds for Disallowance d. Sufficient ground for administrative disciplinary action against the officials and employees
b. Grounds for Charges involved
c. Grounds for Suspension e. Automatic dismissal from the service after due notice and hearing
d. Grounds for Termination Any public officer who is guilty of the misappropriation or malversation of funds or property shall
e. None of the above suffer the penalty of reclusion temporal in its minimum and medium periods, if the amount involved
The liability of public officers and other persons for audit disallowances shall be determined on the is:
basis of the following except: a. Php 200.00 – Php 2,000.00
a. Nature of the Disallowance b. Php 2,000.00 – Php 6,000.00
b. Duties, responsibilities or obligations of the officers/persons concerned c. Php 6,000.00 – Php 12,000.00
c. Extent of their participation or involvement in the disallowed transaction d. Php 12,000.00 – Php 22,000.00
d. Amount of losses or damages suffered by the government thereby e. None of the above
e. Financial capacity of the accountable officer Any public officer who is guilty of the misappropriation or malversation of funds or property shall
Unless a request for reconsideration is filed or an appeal is taken, the Report, Certificate of suffer the penalty of prision correccional in its minimum and medium periods, if the amount involved
Settlement and Balances, Order or Decision of the auditor shall become final after notice thereof to is:
the parties concerned upon the expiration of: a. Php 200.00 – Php 2,000.00
a. 1 month b. Php 2,000.00 – Php 6,000.00
b. 3 months c. Php 6,000.00 – Php 12,000.00
c. 6 months d. Php 12,000.00 – Php 22,000.00
d. 12 months e. None of the above
e. None of the above Any public officer who is guilty of the misappropriation or malversation of funds or property shall
Under R. A. No. 7160, failure to post and publish the itemized monthly collections and suffer the penalty of prision mayor in its maximum period to reclusion temporal in its minimum
disbursements of the LGU within the prescribed period shall be punished by: period, if the amount involved is:
a. A fine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both a. Php 200.00 – Php 2,000.00
b. A fine between Php 1,000.00 – Php 5,000.00 or by imprisonment between 1 – 6 months or both b. Php 2,000.00 – Php 6,000.00
c. A fine between Php 200.00 – Php 10,000.00 or penalty of prision correccional in its minimum c. Php 6,000.00 – Php 12,000.00
period or both d. Php 12,000.00 – Php 22,000.00
d. Sufficient ground for administrative disciplinary action against the officials and employees e. None of the above
involved Any public officer who is guilty of the misappropriation or malversation of funds or property shall
e. Automatic dismissal from the service after due notice and hearing suffer the penalty of prision mayor in its maximum and medium periods, if the amount involved is:
Under the Revised Penal Code, frauds against the public treasury and similar offenses by a public a. Php 200.00 – Php 2,000.00
officer, such as (1) Demanding, directly or indirectly, the payment of sums different from or larger b. Php 2,000.00 – Php 6,000.00
than those authorized by law, (2) Failing voluntarily to issue a receipt, as provided by law, for any c. Php 6,000.00 – Php 12,000.00
sum of money collected by him officially, (3) Collecting or receiving, directly or indirectly, by way of d. Php 12,000.00 – Php 22,000.00
payment or otherwise, things or objects of nature different from that provided by law, shall be e. None of the above
punished by: It refers to the actual cost of the machinery to its present owner, plus the cost of transportation,
a. A fine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both handling, and installation at the present site. This is applicable for newly acquired machinery not yet
b. A fine between Php 1,000.00 – Php 5,000.00 or by imprisonment between 1 – 6 months or both depreciated and appraised within the year of its purchase.
c. A fine between Php 200.00 – Php 10,000.00 or penalty of prision correccional in its minimum a. Acquisition Cost
period or both b. Actual Use
d. Sufficient ground for administrative disciplinary action against the officials and employees c. Ad Valorem Tax
involved d. Market Value
e. Automatic dismissal from the service after due notice and hearing e. Amortization
Under R. A. No. 7160 and without prejudice to criminal prosecution under the Revised Penal Code It is a levy on real property determined on the basis of a fixed proportion of the value of the real
and other applicable laws, any Local Treasurer who fails to issue or execute the warrant of distraint property.
or levy after the expiration of the time prescribed, or who is found guilty of abusing the exercise a. Acquisition Cost
thereof by competent authority shall be punished by: b. Actual Use
a. A fine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both c. Ad Valorem Tax
b. A fine between Php 1,000.00 – Php 5,000.00 or by imprisonment between 1 – 6 months or both d. Market Value
c. A fine between Php 200.00 – Php 10,000.00 or penalty of prision correccional in its minimum e. Amortization
period or both It refers to the principal purpose for which the property is principally or predominantly utilized by the
d. Sufficient ground for administrative disciplinary action against the officials and employees person in possession thereof.
involved a. Acquisition Cost
e. Automatic dismissal from the service after due notice and hearing b. Actual Use
Under R. A. No. 7160, the enforcement of any tax ordinance or revenue measure after due notice of c. Ad Valorem Tax
the disapproval or suspension thereof shall be: d. Market Value
a. A fine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both e. Amortization
b. A fine between Php 1,000.00 – Php 5,000.00 or by imprisonment between 1 – 6 months or both It is a valuable addition made to a property or an amelioration in its condition, amounting to more
c. A fine between Php 200.00 – Php 10,000.00 or penalty of prision correccional in its minimum than a mere repair or replacement of parts involving capital expenditures and labor, which is
period or both intended to enhance its value, beauty or utility or to adapt it for new or further purposes.
a. Appraisal a. Useful Life
b. Assessment b. Remaining Economic Life
c. Assessment Level c. Assets
d. Re-assessment d. Economic Life
e. Improvement e. Machinery
It is the act or process of determining the value of property as of a specific date for a specific It is the period of time expressed in years from the date of appraisal to the date when the machinery
purpose. becomes valueless.
a. Appraisal a. Useful Life
b. Assessment b. Remaining Economic Life
c. Assessment Level c. Assets
d. Re-assessment d. Economic Life
e. Improvement e. Machinery
It is the assigning of new assessed values to property, particularly real estate, as the result of It is the estimated period over which it is anticipated that a piece of machinery or equipment may be
general, partial, or individual reappraisal of the property. profitably utilized.
a. Appraisal a. Useful Life
b. Assessment b. Remaining Economic Life
c. Assessment Level c. Assets
d. Re-assessment d. Economic Life
e. Improvement e. Machinery
It is the act or process of determining the value of a property, or proportion thereof subject to tax, It is land devoted principally to industrial activity as capital investment and is not classified as
including the discovery, listing, classification, and appraisal of properties. agricultural, commercial, timber, mineral, or residential land.
a. Appraisal a. Commercial Land
b. Assessment b. Idle Lands
c. Assessment Level c. Industrial Land
d. Re-assessment d. Mineral Lands
e. Improvement e. Residential Land
It is the percentage applied to the fair market value to determine the taxable value of the property. It is land devoted principally for the object of profit and is not classified as agricultural, industrial,
a. Appraisal mineral, timber, or residential land.
b. Assessment a. Commercial Land
c. Assessment Level b. Idle Lands
d. Re-assessment c. Industrial Land
e. Improvement d. Mineral Lands
It is the price at which a property may be sold by a seller who is not compelled to sell and bought by e. Residential Land
a buyer who is not compelled to buy. It is land principally devoted to habitation.
a. Assessed Value a. Commercial Land
b. Depreciated Value b. Idle Lands
c. Fair Market Value c. Industrial Land
d. Remaining Value d. Mineral Lands
e. Replacement or Reproduction Cost e. Residential Land
It is the cost that would be incurred on the basis of current prices, in acquiring an equally desirable These are lands in which minerals, metallic or non metallic, exist in sufficient quantity or grade to
substitute property, or the cost of reproducing a new replica of the property on the basis of current justify the necessary expenditures to extract and utilized such materials.
prices with the same or closely similar material. a. Commercial Land
a. Assessed Value b. Idle Lands
b. Depreciated Value c. Industrial Land
c. Fair Market Value d. Mineral Lands
d. Remaining Value e. Residential Land
e. Replacement or Reproduction Cost The appraisal, assessment, levy and collection of real property tax shall be guided by the following
It is the value remaining after deducting depreciation from the acquisition cost. fundamental principles except:
a. Assessed Value a. Real property shall be appraised at its current and fair market value.
b. Depreciated Value b. Real property shall be classified for assessment purposes on the basis of its potential use.
c. Fair Market Value c. Real property shall be assessed on the basis of a uniform classification within each local
d. Remaining Value government unit.
e. Replacement or Reproduction Cost d. The appraisal, assessment, levy and collection of real property tax shall not be let to any private
It is the value corresponding to the remaining useful life of the machinery. person.
a. Assessed Value e. The appraisal and assessment of real property shall be equitable.
b. Depreciated Value A province or city or municipality within Metropolitan Manila Area shall fix a uniform rate of basic
c. Fair Market Value real property tax applicable to their respective jurisdiction. For provinces, at what maximum rate of
d. Remaining Value the Assessed Value should the levy be?
e. Replacement or Reproduction Cost a. 1%
It is the fair market value of the real property multiplied by the assessment level. It is synonymous to b. 2%
taxable value. c. 3%
a. Assessed Value d. 5%
b. Depreciated Value e. 10%
c. Fair Market Value A province or city or municipality within Metropolitan Manila Area shall fix a uniform rate of basic
d. Remaining Value real property tax applicable to their respective jurisdiction. For cities, or municipalities of
e. Replacement or Reproduction Cost Metropolitan Manila Area, at what maximum rate of the Assessed Value should the levy be?
It embraces machines, equipment, mechanical contrivances, instruments, appliances, or apparatus a. 1%
which may or may not be attached, permanently or temporarily, to the real property. b. 2%
c. 3% b. January 1
d. 5% c. January 31
e. 10% d. September 30
For additional Ad Valorem Tax on idle lands, at what maximum rate of the assessed value of the e. December 31
property may a province or city, or a municipality within the Metropolitan Manila Area levy an annual The owner of the real property or the person having legal interest therein may pay the real property
tax in addition to the basic real property tax? tax and the additional tax for SEF due thereon, without interest, in 4 equal installments, to be due
a. 1% and payable as follows:
b. 2% a. January 1, April 1, July 1, and October 1
c. 3% b. January 31, April 30, July 31, and October 31
d. 5% c. March 31, June 30, September 30, and December 31
e. 10% d. April 15, July 15, October 15, and December 31
For additional levy on real property tax for the Special Education Fund outside of Metropolitan e. None of the above
Manila Area, who has the authority to impose the additional SEF tax? For payment of tax under protest, the taxpayer shall file a protest to the Provincial, City Treasurer,
a. Local Treasurer or Municipal Treasurer in the case of a municipality within Metropolitan Area, within:
b. Local Chief Executive a. 30 days
c. Barangay Chairman b. 45 days
d. Municipality c. 60 days
e. Province d. 6 months
A province, city or municipality may impose a special levy on the lands comprised within its e. 2 years
territorial jurisdiction specially benefited by public works projects or improvements funded by the 15. The Provincial, City Treasurer, or Municipal Treasurer in the case of a municipality within
LGU concerned. The tax ordinance imposing the levy shall meet the following requirements except: Metropolitan Manila Area shall decide the protest filed by the taxpayer when the payment was made
a. Describe with reasonable accuracy the nature, extent, and location of the public works projects or under protest, within:
improvements to be undertaken. a. 30 days
b. State the estimated cost of the public works projects or improvements. b. 45 days
c. Identify the lands and owners to be affected or the persons having legal interest therein. c. 60 days
d. Specify the meters and bounds by monuments and lines. d. 6 months
e. Specify the number of annual installments for the payment of the special levy. e. 2 years
The following are exempt from real property tax except: An act providing for the recognition and use of electronic commercial and non-commercial
a. Autonomous regions transactions, penalties for unlawful use thereof, and other purposes.
b. Government-Owned or Controlled Corporations a. R. A. No. 7160
c. Provinces and sub-provinces b. R. A. No. 6657
d. Cities and municipalities c. R. A. No. 6810
e. Barangays d. R. A. No. 8792
It refers to any agency of National Government, not integrated within the department framework, e. R. A. No. 7279
vested with special functions or jurisdiction by law, endowed with some if not all corporate powers, An act instituting a comprehensive agrarian reform program to promote social justice and
administering special funds, and enjoying autonomy, usually through a charter. industrialization providing the mechanism for its implementation and for other purposes.
a. Local Government Unit a. R. A. No. 7160
b. Sanggunian b. R. A. No. 6657
c. Local Treasurer c. R. A. No. 6810
d. Instrumentality d. R. A. No. 8792
e. Congress e. R. A. No. 7279
The real properties owned by the following government-owned or controlled corporations are not The basic real property tax and any other tax levied under Title 2, Book II of R. A. No. 7160 shall,
exempt from the real property tax except: from the date they become due, be collected within:
a. Philippine Economic Zone Authority a. 5 years
b. Bauang Private Power Corporation b. 7 years
c. McArthur Park and Beach Resort c. 10 years
d. Land Bank of the Philippines d. 15 years
e. Embassies, consulates, and other diplomatic officers e. 20 years
The real property tax for any year shall accrue and constitute a lien on the property which shall be In case of fraud or intent to evade payment of the real property tax, an administrative or judicial
superior to any lien, mortgage, or encumbrance of any kind whatsoever, and shall be extinguished action may be instituted for the collection of the same, from the discovery of such fraud or intent to
only upon the payment of the delinquent tax, on: evade payment, within:
a. April 15 a. 5 years
b. January 1 b. 7 years
c. January 31 c. 10 years
d. September 30 d. 15 years
e. December 31 e. 20 years
The Provincial, City or Municipal Assessor shall prepare and submit to the Treasurer of the LGU an The period of prescription within which to collect the real property tax levied under Title 2, Book II of
assessment roll containing a list of all persons whose real properties have been newly assessed or R. A. No. 7160 shall be suspended for the time during any the following scenario-s except:
re-assessed and the values of such properties, on: a. The Local Treasurer is legally prevented from collecting the tax.
a. April 15 b. The owner of the property has no financial capacity to pay the tax.
b. January 1 c. The owner of the property or the person having legal interest therein requests for re-investigation
c. January 31 and executes a waiver in writing before the expiration of the period within which to collect.
d. September 30 d. The owner of the property or the person having legal interest therein is out of the country or
e. December 31 otherwise cannot be located.
For the current year, the City or Municipal Treasurer shall, in the case of the basic real property tax e. None of the above
for the SEF, post the notice of the dates when the tax may be paid without interest at a conspicuous The Warrant of Levy shall be mailed to or served upon the delinquent real property owner or person
and publicly accessible place at the city or municipal hall, on or before: having legal interest therein, and after receipt of the same, the levying officer shall submit a report
a. April 15 on the levy to the sanggunian concerned within:
a. 3 days be distributed accordingly. At what percentage of the
b. 5 days proceeds will accrue to the barangay where the property is located?
c. 10 days a. 35%
d. 15 days b. 70%
e. 30 days c. 40%
After service of the Warrant of Levy, the Local Treasurer shall proceed to publicly advertise for sale d. 50%
or auction the property or a usable portion thereof as may be necessary to satisfy the tax e. 25%
delinquency and expenses of sale which shall be effected by the issuance of a Notice of Sale and The proceeds of the basic real property tax, including interest thereon, and proceeds from the use,
the posting and publication thereof, within: lease or disposition, sale or redemption of property acquired by public auction by the province shall
a. 3 days be distributed accordingly. At what percentage of the proceeds will accrue to the General Fund of
b. 5 days the municipality where the property is located?
c. 10 days a. 35%
d. 15 days b. 70%
e. 30 days c. 40%
It is issued by the Local Treasurer concerned, together with the official receipt and tax clearance d. 50%
which shall in effect extinguish the tax lien on the property if the owner of the real property or person e. 25%
having legal interest therein pays the delinquent tax, the interest due thereon and the expenses of The proceeds of the basic real property tax, including interest thereon, and proceeds from the use,
sale before the date fixed for the sale. lease or disposition, sale or redemption of property acquired by public auction by the city shall be
a. Certificate of Release distributed accordingly. At what percentage of the proceeds will accrue to the General Fund of the
b. Proof of Service city?
c. Warrant of Levy a. 30%
d. Certificate of Redemption b. 70%
e. Certificate of Sale c. 40%
It is issued by the Local Treasurer to the purchaser containing the name of the purchaser, a d. 50%
description of the property sold, the amount of the delinquent tax, the interest due thereon, the e. 25%
expenses of sale and brief description of the proceedings. The proceeds of the basic real property tax, including interest thereon, and proceeds from the use,
a. Certificate of Release lease or disposition, sale or redemption of property acquired by public auction by the province shall
b. Proof of Service be distributed accordingly. At what percentage of the proceeds will accrue to the barangay where
c. Warrant of Levy the property is located or equally to all component barangays of the city?
d. Certificate of Redemption a. 30%
e. Certificate of Sale b. 70%
It is issued by the Local Treasurer to the owner of the delinquent real property or person having c. 40%
legal interest therein invalidating the Certificate of Sale issued to the purchaser if he pays the d. 50%
amount of the delinquent tax, including the interest due thereon and the expenses of the sale plus e. 25%
interest of 2% per month within one year from date of sale. The proceeds of the basic real property tax, including interest thereon, and proceeds from the use,
a. Certificate of Release lease or disposition, sale or redemption of property acquired by public auction by the province shall
b. Proof of Service be distributed accordingly. At what percentage of the proceeds shall be distributed among the
c. Warrant of Levy component barangays of the cities where the property is located?
d. Certificate of Redemption a. 30%
e. Certificate of Sale b. 70%
In case there is no bidder for the real property advertised for sale, the local Treasurer shall c. 40%
purchase the property in behalf of the LGU concerned. The taxpayer or any of his representative d. 50%
may redeem the property by paying to the Local Treasurer the full amount of the real property tax e. 25%
and the related interest and cost of the sale within: These are those imposed by a local government unit on the privilege of engaging in business,
a. 6 months occupation and other activities within its territorial jurisdiction.
b. 1 year a. Amusement Places
c. 2 years b. Agricultural Product
d. 3 years c. Business taxes
e. 5 years d. Business
For real estate taken for taxes, fees or charges, the sanggunian concerned may, by ordinance duly e. Amusement
approved, may dispose of the real property acquired under Section 263 of R.A. No. 7160 at public It includes the yield of the soil, such as corn, rice, wheat, rye, hay, coconuts, sugarcane, tobacco,
auction, upon notice of not less than: root crops, vegetables, fruits, flowers and their by-products; ordinary salt; all kinds of fish; poultry;
a. 5 days and livestock and animal products, whether in their original form or not.
b. 15 days a. Amusement Places
c. 20 days b. Agricultural Product
d. 30 days c. Business taxes
e. None of the above d. Business
The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, e. Amusement
lease or disposition, sale or redemption of property acquired by public auction by the province shall A pleasurable diversion and entertainment. It is synonymous to relaxation, avocation, pastime, or
be distributed accordingly. At what percentage of the proceeds will accrue to the General Fund of fun.
the province? a. Amusement Places
a. 35% b. Agricultural Product
b. 70% c. Business taxes
c. 40% d. Business
d. 50% e. Amusement
e. 25% These include theaters, cinemas, concert halls, circuses and other places of amusement where one
The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, seeks admission to entertain oneself by seeing or viewing the show or performance.
lease or disposition, sale or redemption of property acquired by public auction by the province shall a. Amusement Places
b. Agricultural Product a. Amusement Places
c. Business taxes b. Agricultural Product
d. Business c. Business taxes
e. Amusement d. Business
It means trade or commercial activity regularly engaged in as a means of livelihood or with a view to e. Amusement
profit. These include theaters, cinemas, concert halls, circuses and other places of amusement where one
a. Amusement Places seeks admission to entertain oneself by seeing or viewing the show or performance.
b. Agricultural Product a. Amusement Places
c. Business taxes b. Agricultural Product
d. Business c. Business taxes
e. Amusement d. Business
It include non-bank financial intermediaries, lending investors, finance and investment e. Amusement
companies, pawnshops, money shops, insurance companies, stock markets, stock brokers and It means trade or commercial activity regularly engaged in as a means of livelihood or with a view to
dealers in securities and foreign exchange, as defined under applicable law, or rules and profit.
regulations thereunder. a. Amusement Places
a. Central Bank b. Agricultural Product
b. Credit card companies c. Business taxes
c. Banks and other financial institutions d. Business
d. Financial service providers e. Amusement
e. Banking investments It include non-bank financial intermediaries, lending investors, finance and investment companies,
It is the capital which a person employs in any undertaking, or which he contributes to the capital of pawnshops, money shops, insurance companies, stock markets, stock brokers and dealers in
a partnership, corporation, or any other juridical entity or association in a particular taxing securities and foreign exchange, as defined under applicable law, or rules and regulations
jurisdiction. thereunder.
a. Corporation a. Central Bank
b. Capital Investment b. Credit card companies
c. Contractor c. Banks and other financial institutions
d. Countryside and Barangay Business Enterprise d. Financial service providers
e. Charges e. Banking investments
These refer to pecuniary liability, as rents or fees against persons or property. It is the capital which a person employs in any undertaking, or which he contributes to the capital of
a. Corporation a partnership, corporation, or any other juridical entity or association in a particular taxing
b. Capital Investment jurisdiction.
c. Contractor a. Corporation
d. Countryside and Barangay Business Enterprise b. Capital Investment
e. Charges c. Contractor
It includes persons, natural or juridical, not subject to professional tax under Section 139 of R. A. d. Countryside and Barangay Business Enterprise
No. 7160, whose activity consists essentially of the sale of all kinds of services for a fee, regardless e. Charges
of whether or not the performance of the service calls for the exercise or use of the physical or These refer to pecuniary liability, as rents or fees against persons or property.
mental faculties of the contractor or his employees. a. Corporation
a. Corporation b. Capital Investment
b. Capital Investment c. Contractor
c. Contractor d. Countryside and Barangay Business Enterprise
d. Countryside and Barangay Business Enterprise e. Charges
e. Charges It includes persons, natural or juridical, not subject to professional tax under Section 139 of R. A.
It includes partnerships, no matter how created or organized, joint-stock companies, joint accounts No. 7160, whose activity consists essentially of the sale of all kinds of services for a fee, regardless
(cuentas en participacion), associations or insurance companies. of whether or not the performance of the service calls for the exercise or use of the physical or
a. Corporation mental faculties of the contractor or his employees.
b. Capital Investment a. Corporation
c. Contractor b. Capital Investment
d. Countryside and Barangay Business Enterprise c. Contractor
e. Charges d. Countryside and Barangay Business Enterprise
These are those imposed by a local government unit on the privilege of engaging in business, e. Charges
occupation and other activities within its territorial jurisdiction. It includes partnerships, no matter how created or organized, joint-stock companies, joint accounts
a. Amusement Places (cuentas en participacion), associations or insurance companies.
b. Agricultural Product a. Corporation
c. Business taxes b. Capital Investment
d. Business c. Contractor
e. Amusement d. Countryside and Barangay Business Enterprise
It includes the yield of the soil, such as corn, rice, wheat, rye, hay, coconuts, sugarcane, tobacco, e. Charges
root crops, vegetables, fruits, flowers It refers to any business entity, association, or cooperative registered under the provisions of R. A.
and their by-products; ordinary salt; all kinds of fish; poultry; and livestock and animal products, No. 6810.
whether in their original form or not. a. Corporation
a. Amusement Places b. Capital Investment
b. Agricultural Product c. Contractor
c. Business taxes d. Countryside and Barangay Business Enterprise
d. Business e. Charges
e. Amusement It means one whose business is to buy and sell merchandise, goods, and chattels as a merchant.
A pleasurable diversion and entertainment. It is synonymous to relaxation, avocation, pastime, or He stands immediately between the producer or manufacturer and the consumer and depends for
fun. his profit not upon the labor he bestows upon his commodities but upon the skill and foresight with
which he watches the market. c. Persons
a. Gross Sales or Receipts d. Operator
b. Dealer e. Civilian
c. Franchise It means any person who, either for himself or on commission, travels from place to place and sells
d. Fee his goods or offers to sell and deliver the same.
e. Operator a. Residents
It means a charge fixed by law or ordinance for the regulation or inspection of a business or activity. b. Peddler
a. Gross Sales or Receipts c. Persons
b. Dealer d. Operator
c. Franchise e. Civilian
d. Fee They refer to every natural or juridical being, susceptible of rights and obligations or of being the
e. Operator subject of legal relations.
It is a right or privilege, affected with public interest which is conferred upon private persons or a. Residents
corporations, under such terms and conditions as the government and its political subdivisions may b. Peddler
impose in the interest of public welfare, security, and safety. c. Persons
a. Gross Sales or Receipts d. Operator
b. Dealer e. Civilian
c. Franchise It refer to natural persons who have their habitual residence in the province, city, or municipality
d. Fee where they exercise their civil rights and fulfill their civil obligations, and to juridical persons for
e. Operator which the law or any other provisions creating or recognizing them fixes their residence in a
It included the total amount of money or its equivalent representing the contract price, particular province, city or municipality.
compensation or service fee, including the amount charged or materials supplied with the services a. Residents
and the deposits or advance payments actually or constructively received during the taxable quarter b. Peddler
for the services performed or to be performed for another person. c. Persons
a. Gross Sales or Receipts d. Operator
b. Dealer e. Civilian
c. Franchise It means a sale where the purchaser buys the commodity for his own consumption irrespective of
d. Fee the quantity of the commodity sold.
e. Operator a. Wharfage
It includes every person who, by physical or chemical process, alters the exterior texture or form or b. Wholesale
inner substance of any raw material or manufactured or partially manufactured product in such c. Retail
manner as to prepare it for special use or uses to which it could not have been put in its original d. Vessel
condition. e. Operator
a. Marginal Farmer or Fisherman It includes every type of boat, craft, or other artificial contrivance used, or capable of being used, as
b. Manufacturer means of transportation on water.
c. Municipal Waters a. Wharfage
d. Motor Vehicle b. Wholesale
e. Businessman c. Retail
It refers to an individual engaged in subsistence farming or fishing which shall be limited to the sale, d. Vessel
barter or exchange of agricultural or marine products produced by himself and his immediate family, e. Operator
and whose annual net income from such farming or fishing does not exceed Php 50,000.00 or the It means a fee assessed against the cargo of a vessel engaged in foreign or domestic trade based
poverty line established by NEDA for the particular region or locality, whichever is higher. on quantity, weight, or measure received and/or discharged by vessel.
a. Marginal Farmer or Fisherman a. Wharfage
b. Manufacturer b. Wholesale
c. Municipal Waters c. Retail
d. Motor Vehicle d. Vessel
e. Businessman e. Operator
It means any vehicle propelled by any power other than muscular power using the public roads, but It means a sale where the purchaser buys or imports the commodities for resale to persons other
excluding road rollers, trolley cars, street sweepers, sprinkles, lawn mowers, bulldozers, graders, than the end user regardless of the quantity of the transaction.
forklifts, amphibian trucks, and cranes. a. Wharfage
a. Marginal Farmer or Fisherman b. Wholesale
b. Manufacturer c. Retail
c. Municipal Waters d. Vessel
d. Motor Vehicle e. Operator
e. Businessman
It include streams, lakes, tidal waters within the municipality, marine waters included between two
lines drawn perpendicularly to the general coastline from points where the boundary lines of the
municipality or city touch the sea at low tide and a third line parallel with the general coastline and
15 kilometers from it.
a. Marginal Farmer or Fisherman
b. Manufacturer
c. Municipal Waters
d. Motor Vehicle
e. Businessman
It includes the owner, manager, administrator, or any other person who operates or is responsible
for the operation of a business establishment or undertaking.
a. Residents
b. Peddler