Show:
Business
Major Accounts
Financial Statements
Journal
Ledger
100
What is the primary purpose of business?
earn or generate profit
100
What is the asset which composed of bills, currencies, checks, and other forms of money?
Cash
100
What is the final product of accounting process?
Financial Statement
100
What is the other name for journal book?
Book of Original Entry
100
What is the other name for the ledger book?
Book of Final Entry
200
Other term for business which means exchange of goods and money?
commerce
200
What is the creditor's claim from the business with promissory note?
Notes Payable
200
What is the formal report of the financial position of a business on a certain date?
Balance Sheet
200
What is the process of recording financial information into the journal?
Journalizing
200
What is the process of transferring journal entries to the ledger accounts?
Posting
300
Other term of business which involves export and import of products?
Traffic
300
What expenses include water and electricity paid for?
Utility Expense
300
What is the other name for Balance Sheet?
Statement of Financial Position
300
Which content of the General Journal contains when the transaction happened?
Date
300
What is the number placed on the reference number in the general ledger?
Journal Page
400
What is the duly registered association of persons with common bond and interest?
Cooperative
400
What revenues that originates from business operations?
Operating Revenues
400
What financial statement reports on the changes in the owner's equity?
Statement of Capital
400
What is the column in the General Journal contains the number of each account?
Reference Number
400
What contains all the asset, liability, and owner's equity accounts of the company?
General Ledger
500
What is the type of business that is engaged in two or more other types of business activities ?
Hybrid
500
What is a security which represents ownership in a corporation?
Common Stock
500
Who was the first woman president of the Philippines?
Cory Aquino
500
What is the list of accounts where you get the reference number?
Chart of Accounts
500
Aside from the general ledger, what are the other kinds of ledger?
Subsidiary Ledgers