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
2/6
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
2/6
