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True or False. Writeyour answer on a separate sheet of paper. Write Tifyour answeris True and Fifyour answeris False . 1 . The Cash Collecting

True or False. Writeyour answer on a separate sheet of paper. Write Tifyour answeris True and Fifyour answeris False.1. The Cash Collecting Officers are the responsible persons in remitting the collections of the government entity in the National Treasury.2. In government and private accounting the books of registries are considered as the accounting recoras.3. Thesupply officemaintains the journals and ledgers.4. Theaccounting records and budget registries are separately maintained for eachcluster.5. Thebudget officerecords the allotment in RAPAL and RAOD.6. According to the GAM for GAs, the Registries are maintained by the accounting unit of a governmentCITICA7. Allotment is a form of disbursement authority.8. Theclassifications of expenditure by object are personnel services, maintenance and other operating expenses financial expenses and capitaloutlay.To ensure that the allotments will not exceed appropriations, and to monitor appropriations and allotments, the Registry of Appropriations and Allotments (RAP AL) is used by the Budgetoffice.10. Theobligations shallbe incurred through the issuance of Obligation and Request Status (ORS).11. AccordingtoP.D.1445, all revenues of an entity shall beremitted to the National Treasury and includedinthe General Fund.12. Taxes, fines, penalties, gifts, donations and goods in-kind are revenue from non-exchange transactions.13. Bequests aretransfers made according to the provisions of deceased person' swill.14. Pledges are recognized as revenue because they do not meet the recognition criteria for asset.i.e. at present, the entity has not yet obtained control overthe itempledged15. In government accounting the revenue from rendering services is recognized on a straightline basis.

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