FP SH1629 - Fundamentals of Accountancy, Business & Management 1 (Set A).pdf

This preview shows page 1 - 2 out of 3 pages.

SH1629Name ___________________________________________ Section ____________________________ Date _____________2ndTerm, SY 2017-2018*Property of STIFirst Periodical Examination (Set A)Page 1 of 3Exam Reminders:Any form of cheating will result in a score ofZERO. (e.g.leaking of exam items and answers on social media,copyingfromotherstudents,usingprohibitedresources/cheat sheets, etc.)Use black or blue pen only. Pencils and erasable pens arenot allowed.I.MATCHING TYPE (15 items x 2 points)Match the descriptions inBOX Awith the terms inBOX BWrite the letter of the answer on the space provided beforeeach number. Answers may be used twice..BOX A___1. This is defined as an information system thatmeasures,processes,andcommunicatesfinancial information.___2. This is the process that involves grouping thevarious accounts referred to in the classifyingprocess.___3. This is a combination of figures and narrationsbased on the figures presented.___4.This is a processing system that involves enteringthe two effects of every transaction.___5. This is a grid of rows and columns into whichinformation are entered.___6.These are decreases in economic benefits duringthe accounting period in the form of outflows orincidences of liabilities that result in decreases inequity.___7.It is a resource controlled by the enterprise as aresult of past events and from which futureeconomic benefits are expected to flow to theenterprise.___8.This function takes a number of data, transformsit, and produces a numerical result.___9.This function is helpful when calculating interests,monthly payments, and assist in what-if scenarios.___10. This is the basic summary device for accounting.___11. This is the net worth invested in the business bythe owner.___12. This represents the distribution of earnings to theowners of the company.

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 3 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Summer
Professor
Professor Nuay Aqui
Tags
Balance Sheet, Generally Accepted Accounting Principles, Double entry bookkeeping system

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture