SS2 PRINCIPLES OF ACCOUNTS SECOND TERM REVISION QUESTIONS

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Question
The accounting officer who ensures strict compliance with the provisions of the Financial Memoranda is………

Answer
The chairmen of local governments

Question
The total cash receipts and payments are transmitted to the treasury by the means of ……..

Answer
Trancript

Question
To prevent fraud in the process of cash management, the cash office should ensure that …. except

Answer
Police should always help in counting the money

Question
To control against the insertion of ghost workers in the payrolls, one of these documents is maintained.

Answer
Group register

Question
In governemnt Accounting, when fraudulent payment or overpayment is made and discovered in the current financial year,

Answer
Cr Relevant Sub-head A/C

Question
When one ministry rendered services to another ministry ……… vouchers should be used.

Answer
Adjustment vouchers

Question
The vouchers that are to prepared whenever disbursements are to be made are called…….

Answer
Payment Vouchers

Question
Funds that are received from non- financial institutions are called…..

Answer
External Grants

Question
All refunds made by the government for the services rendered to any of its arm is classified as…

Answer
Reimbursements

Question
All funds received on behalf of the government are kept in …..

Answer
The Consolidated Revenue Fund

Question
The officer who monitors government expenditure and ensures that there is no extra-budgetary spending is…

Answer
Officer Controlling Expenditure

Question
The officer who is responsible to receive, keep, and pay public money is ……

Answer
Sub-Treasurer

Question
The person who controls human, material and financial resources of government is known as

Answer
Accounting officer

Question
Governmental funds use ………….

Answer
modified accrual basis of accounting

Question
An account in government that is a self- balancing set of accounts is called……

Answer
Fund basis accounting

Question
The legal basis of governmeent accounting excludes one of these:

Answer
Cash basis

Question
One of the bases of government accounting that is not easily understood by people managing it is

Answer
The accrual basis

Question
The claim that helps the user of government accounting to assess and analyse the performance of government is……

Answer
Accounting Period Concept

Question
An accountant looks at the negative side of things and not positive sides is hinged upon which law?

Answer
Conservatism

Question
The hypothesis upon which financial statements are prepared is called

Answer
Accounting Concepts

Question
The accounting officer who ensures strict compliance with the provisions of the Financial Memoranda is………

Answer
The chairmen of local governments

Question
The total cash receipts and payments are transmitted to the treasury by the means of ……..

Answer
Trancript

Question
To prevent fraud in the process of cash management, the cash office should ensure that …. except

Answer
Police should always help in counting the money

Question
To control against the insertion of ghost workers in the payrolls, one of these documents is maintained.

Answer
Group register

Question
In governemnt Accounting, when fraudulent payment or overpayment is made and discovered in the current financial year,

Answer
Cr Relevant Sub-head A/C

Question
When one ministry rendered services to another ministry ……… vouchers should be used.

Answer
Adjustment vouchers

Question
The vouchers that are to prepared whenever disbursements are to be made are called…….

Answer
Payment Vouchers

Question
Funds that are received from non- financial institutions are called…..

Answer
External Grants

Question
All refunds made by the government for the services rendered to any of its arm is classified as…

Answer
Reimbursements

Question
All funds received on behalf of the government are kept in …..

Answer
The Consolidated Revenue Fund

Question
The officer who monitors government expenditure and ensures that there is no extra-budgetary spending is…

Answer
Officer Controlling Expenditure

Question
The officer who is responsible to receive, keep, and pay public money is ……

Answer
Sub-Treasurer

Question
The person who controls human, material and financial resources of government is known as

Answer
Accounting officer

Question
Governmental funds use ………….

Answer
modified accrual basis of accounting

Question
An account in government that is a self- balancing set of accounts is called……

Answer
Fund basis accounting

Question
The legal basis of governmeent accounting excludes one of these:

Answer
Cash basis

Question
One of the bases of government accounting that is not easily understood by people managing it is

Answer
The accrual basis

Question
The claim that helps the user of government accounting to assess and analyse the performance of government is……

Answer
Accounting Period Concept

Question
An accountant looks at the negative side of things and not positive sides is hinged upon which law?

Answer
Conservatism

Question
The hypothesis upon which financial statements are prepared is called

Answer
Accounting Concepts

Question
The accounting officer who ensures strict compliance with the provisions of the Financial Memoranda is………

Answer
The chairmen of local governments

Question
The total cash receipts and payments are transmitted to the treasury by the means of ……..

Answer
Trancript

Question
To prevent fraud in the process of cash management, the cash office should ensure that …. except

Answer
Police should always help in counting the money

Question
To control against the insertion of ghost workers in the payrolls, one of these documents is maintained.

Answer
Group register

Question
In governemnt Accounting, when fraudulent payment or overpayment is made and discovered in the current financial year,

Answer
Cr Relevant Sub-head A/C

Question
When one ministry rendered services to another ministry ……… vouchers should be used.

Answer
Adjustment vouchers

Question
The vouchers that are to prepared whenever disbursements are to be made are called…….

Answer
Payment Vouchers

Question
Funds that are received from non- financial institutions are called…..

Answer
External Grants

Question
All refunds made by the government for the services rendered to any of its arm is classified as…

Answer
Reimbursements

Question
All funds received on behalf of the government are kept in …..

Answer
The Consolidated Revenue Fund

Question
The officer who monitors government expenditure and ensures that there is no extra-budgetary spending is…

Answer
Officer Controlling Expenditure

Question
The officer who is responsible to receive, keep, and pay public money is ……

Answer
Sub-Treasurer

Question
The person who controls human, material and financial resources of government is known as

Answer
Accounting officer

Question
Governmental funds use ………….

Answer
modified accrual basis of accounting

Question
An account in government that is a self- balancing set of accounts is called……

Answer
Fund basis accounting

Question
The legal basis of governmeent accounting excludes one of these:

Answer
Cash basis

Question
One of the bases of government accounting that is not easily understood by people managing it is

Answer
The accrual basis

Question
The claim that helps the user of government accounting to assess and analyse the performance of government is……

Answer
Accounting Period Concept

Question
An accountant looks at the negative side of things and not positive sides is hinged upon which law?

Answer
Conservatism

Question
The hypothesis upon which financial statements are prepared is called

Answer
Accounting Concepts

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