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Exam (elaborations)

GFEBS Reimbursable Exam Study Guide with Complete Solutions

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  • GFEBS

GFEBS Reimbursable Exam Study Guide with Complete Solutions fee that the us treasury adds to debt it collects is based on which of the following - Correct Answer️️ -*age of debt often is the interest calculation program sheduled to run - Correct Answer️️ - each day accordance with ...

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  • September 25, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • GFEBS
  • GFEBS
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EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

GFEBS Reimbursable Exam Study
Guide with Complete Solutions

9.the fee that the us treasury adds to debt it collects is based on which of the following -

Correct Answer✔️✔️-*age of debt


3.how often is the interest calculation program sheduled to run - Correct Answer✔️✔️-

each day

8.in accordance with intallment plan guidelines unless an exception os granted,

installment plans may not exceed what length of time - Correct Answer✔️✔️-36

11.the process whereby federal agencies refer delinquent debts to the us treaury for

collection is called - Correct Answer✔️✔️-*cross servicing

4.which of the following is the term for minis collected to recover the us tresury

borrowing cots - Correct Answer✔️✔️-*interest

17.which report is used to inform federal decision makers of the gross book value of the

receivables owed to federal agencies - Correct Answer✔️✔️-*tresury report

1.the is responsilb efor the posting of doubtful recievables to a separate account in the

general ledger - Correct Answer✔️✔️-debt allowance

20.is a status that identifies a recevable as written off and indicates that collection

activities cannot continue - Correct Answer✔️✔️-closed out


1/6

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
10. penalties are assessed on the portion of a debt remaining deliquent for more than

days - Correct Answer✔️✔️-*90

14.the is required by the us treasury to be used as the interest reate - Correct

Answer✔️✔️-vv

18.for delinquent dbet which of the following is the oldest debt category - Correct

Answer✔️✔️-8

*10

13.non delinquent debts are categorized as assets - Correct Answer✔️✔️-current and

non-current

5.a debt is classified as currently not collectable when the net value of the debt is equal

to - Correct Answer✔️✔️-less than 25

6.in the contex of gfebs debt managment cnc stands for - Correct Answer✔️✔️-collection

of negotiated

15.which of the following types of debt are exempt from interest fee penalties - Correct

Answer✔️✔️-*contractor debt



federal agency

16.a summary of the collection received by the us treasury for debts referrred by gfebs

is processed by which system - Correct Answer✔️✔️--*fpps

ipac

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