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GFEBS Reimbursable Questions and Answers

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9.the fee that the us treasury adds to debt it collects is based on which of the following ✔✔*age of debt 3.how often is the interest calculation program sheduled to run ✔✔each day 8.in acc... ordance with intallment plan guidelines unless an exception os granted, installment plans may not exceed what length of time ✔✔36 11.the process whereby federal agencies refer delinquent debts to the us treaury for collection is called ✔✔*cross servicing 4.which of the following is the term for minis collected to recover the us tresury borrowing cots ✔✔*interest 17.which report is used to inform federal decision makers of the gross book value of the receivables owed to federal agencies ✔✔*tresury report1.the is responsilb efor the posting of doubtful recievables to a separate account in the general ledger ✔✔debt allowance 20.is a status that identifies a recevable as written off and indicates that collection activities cannot continue ✔✔closed out 10. penalties are assessed on the portion of a debt remaining deliquent for more than days ✔✔*90 14.the is required by the us treasury to be used as the interest reate ✔✔vv 18.for delinquent dbet which of the following is the oldest debt category ✔✔8 *10 13.non delinquent debts are categorized as assets ✔✔current and non-current5.a debt is classified as currently not collectable when the net value of the debt is equal to ✔✔less than 25 6.in the contex of gfebs debt managment cnc stands for ✔✔collection of negotiated 15.which of the following types of debt are exempt from interest fee penalties ✔✔*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 ✔✔-*fpps ipac 19.which of the fllowing are assessed to cover the added coasts incurred in handling a debt beyon the date on which payment was due ✔✔fines *fees [Show More]

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