Mẹo Hướng dẫn Which of the following accounts is credited when government entity remits contributions to the GSIS PhilHealth and Pag ibig? Hướng dẫn FULL 2022

Bạn đang tìm kiếm từ khóa Which of the following accounts is credited when government entity remits contributions to the GSIS PhilHealth and Pag ibig? Hướng dẫn FULL được Cập Nhật vào lúc : 2022-10-08 14:21:00 . Với phương châm chia sẻ Kinh Nghiệm về trong nội dung bài viết một cách Chi Tiết 2022. Nếu sau khi đọc tài liệu vẫn ko hiểu thì hoàn toàn có thể lại Comment ở cuối bài để Tác giả lý giải và hướng dẫn lại nha.

Mẹo Hướng dẫn Which of the following accounts is credited when government entity remits contributions to the GSIS PhilHealth and Pag ibig? Mới Nhất

Bạn đang tìm kiếm từ khóa Which of the following accounts is credited when government entity remits contributions to the GSIS PhilHealth and Pag ibig? được Cập Nhật vào lúc : 2022-10-08 14:20:29 . Với phương châm chia sẻ Mẹo về trong nội dung nội dung bài viết một cách Chi Tiết Mới Nhất. Nếu sau khi Read tài liệu vẫn ko hiểu thì hoàn toàn hoàn toàn có thể lại phản hồi ở cuối bài để Admin lý giải và hướng dẫn lại nha.

Confronted with the sudden reduction in its membership base, Pag-IBIG stood unfazed and took the challenges head on. As a first step, the Fund implemented an intensified marketing chiến dịch that focused on membership retention and generation.

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    Module 4 Part 1 Quiz
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    Which of the following financial statement is peculiar to a government entity?
    How does government accounting differs from the accounting for business entities?
    Which of the following government agencies will most likely be able to obtain a disbursement authority in the form of CDC?
    Which of the following accounts is debited when recording the receipt of notice of cash allocation?

It was during the years as a voluntary fund that Pag-IBIG evolved from an institution primarily for savings and housing into an agency with a wider reach that covers almost all other needs.

Pag-IBIG introduced innovative benefit

programs that heeded the calls for expansion of membership to include self-employed groups with informal income, overseas Filipino workers, and non-earning spouses. It also launched other novel programs such as the Multi-Purpose Loan for its short-term loans program, and shelter programs that address both individual and institutional housing requirements.

Clearly, the voluntary nature of Pag-IBIG membership did not stop the Fund from growing in depth and breadth. During the period, the

Pag-IBIG Fund has claimed its rightful place in the country’s economic and financial system, finally gaining the acceptance of its members, not by force, but by its continuing efforts to impress upon the members that the Fund exists solely for their benefit as well as their beneficiaries.

After eight years as a voluntary fund, the nature of Pag-IBIG membership reverted to mandatory on 17 June 1994 when President Fidel V. Ramos signed Republic Act 7742. The new law became effective on 1

January 1995.

Today, more than a decade after the universal Pag-IBIG coverage law was implemented, the Pag-IBIG Fund continues to be a strong partner in realizing Filipino workers’ dreams. Over the years, it initiated more programs and projects, particularly those that address the needs of members belonging to the bottom economic level. The Fund has established special housing partnerships with teachers and uniformed men, among others. The Rent-to-Own Program was introduced, providing

members another affordable way of homeownership.

The Fund’s efforts towards housing the Filipino did not go unnoticed. During the World Habitat Day celebration in October 2006, Pag-IBIG was given the prestigious Scroll of Honour Awards by the United Nations Human Settlements Program (UN-Habitat) for “making the dream of affordable housing a reality for hundreds of thousands of households.” Pag-IBIG is the first Philippine government agency to be awarded such recognition.

The Fund

likewise strengthened its partnership with accredited developers by way of its various institutional lending programs, among which is the much-sought after program for the development of medium and high-rise condominium buildings. The program provides a ready inventory of condominium units for sale affordable prices, and allows members to experience condominium style living in areas close to their places of work.

In recent years, the Fund has embarked on its successful bid in the

financial market, moving a step closer to its vision of becoming a premier and globally competitive provident financial institution. In 2001, the Fund floated P2 billion-worth of Pag-IBIG Housing Bonds to generate additional funds for its shelter financing programs, which was warmly received by both institutional and individual investors. The bonds matured in late 2006.

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9.Which of the following accounts is credited when a government entity remits contributions to theGSIS, PhilHealth and Pag-IBIG?a. Cash-Tax Remittance Adviceb. Cash-Modified

Disbursement System (MDS), Regularc. Cash-Treasury/Agency Deposit, Regulard. Cash — Collecting Officers10.Obligations recorded in the registries but not yet in the accounting book are referred to as

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C. LESSON WRAP-UP1)Activity 6: Thinking about Learning (5 mins)This document is the property ofPHINMA EDUCATION

Which of the following financial statement is peculiar to a government entity?

A unique financial reporting requirement of government entities is the use of fund cluster accounting. Under fund cluster accounting, separate books and reports are prepared for each type of fund held by a government entity.

How does government accounting differs from the accounting for business entities?

While a business uses a budget as a management resource, a government uses it to demonstrate accountability to the public. A government must also report all cash pass-through grants and other financial assistance while business entities may exclude certain pass-through grants as revenues and expenses.

Which of the following government agencies will most likely be able to obtain a disbursement authority in the form of CDC?

Which of the following government agencies will most likely be able to obtain a disbursement authority in the form of Cash Disbursement Ceiling (CDC)? It is an authority issued by the DBM to central, regional and provincial offices and operating units to cover their cash requirements.

Which of the following accounts is debited when recording the receipt of notice of cash allocation?

The entry to record the receipt of Notice of Cash allocation (NCA) by a government entity is: Debit Cash-Modified Disbursement System (MDS), Regular; Credit Accumulated Surplus (Deficit)

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