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- Module 5 Quiz Answers
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- What are the different disbursement authorities?
- What is a government disbursement?
- What is disbursement authority?
- What are the types of disbursement?
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Question 281 / 1 ptsWhich of the following government agencies will most likely be able to obtain adisbursement authority in the form of Cash Disbursement Ceiling
(CDC)?DILGCorrect!DOLEDENRDSWD
Question 290 / 1 ptsA government entity will report surplus in its statement of financial
performance in whichof the following instances?
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What are the different disbursement authorities?
The different modes of disbursements are as follows: a) checks (MDS or commercial checks), b) cash (out of cash advance granted to authorized Disbursing Officer), c) advice to debit the account, d) tax remittance advice, e) working Fund/CDC, and f) direct payment method. Sec.
What is a government disbursement?
After collecting revenue from natural resource production, the Office of Natural Resources Revenue distributes that revenue. Recipients include federal agencies, funds, and local governments. This process is called "disbursement." ONRR disburses revenue according to federal laws and regulations.
What is disbursement authority?
A disbursement authority is a document issued to an agency authorizing the liquidation/payment of obligations incurred. There are several types of disbursement authority issued by the Department of Budget and Management (DBM) to government agencies.
What are the types of disbursement?
A loan disbursement may be positive or negative. A positive disbursement results in a credit to an account, while a negative disbursement results in an account debit. A negative disbursement may occur if financial aid funds are overpaid and later withdrawn from the student's account.
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