Matching Type

Directions: Match column A with the correct answer on

column B, write only the letter of answer on the blank
provided at the right side of the test paper.

Column A
Column B
_______1. The process of evaluating risks,
performance, financial health, and future prospects of a A. Horizontal analysis,
business by subjecting financial statement data to B. Operating Activities
computational and analytical techniques with the C. Statement of Changes
objective of making economic decisions. in Equity
D. Sales discount
_______2. Also called trend analysis, is a technique for E. Freight In
evaluating a series of financial statement data over a F. Financial statement
period of time with the purpose of determining the (FS) analysis
increase or decrease that has taken place G. Corporation
_______3. Activities that are directly related to the main H. Statement of
revenue-producing activities of the company such as Comprehensive
cash from customers and cash paid to Income
suppliers/employees I. Net change in cash or
net cash flow
_______4. The net amount of change in cash whether it (increase/decrease)
is an increase or decrease for the current period. The J. Initial Investment
total change brought by operating, investing and
financing activities.
_______5. The very first investment of the owner to the
company.
_______6. All changes, whether increases or decreases
to the owner’s interest on the company during the period
are reported here.
_______7. An entity whose assets, liabilities, income
and expenses are centered or owned by itself being a
legally separate entity from its owners. Owners are
called shareholders or stockholders of the company
_______8. This is where discounts given to customers
who pay early are recorded.
_______9. This account is used to record transportation
costs of merchandise purchased by the company.
_______10. Contains the results of the company’s
operations for a specific period of time which is called
net income if it is a net positive result while a net loss if
it is a net negative result.