Both the Income Statement and the Bala
Match the following accounting terms with the BEST description (
answers may be
used more than once
Reports a company's financial position at a point in time, in
fact, it is sometimes called "Statement of Financial Position"
Discloses the events that caused cash to change during a
Reports a company's operating performance.
called "Profit/Loss Statement"
Reports a company's resources and the claims against those
Provides information about cash receipts and cash
disbursements of a company that occurred during a period
Complete the Basic Accounting Equation: