FABM2

A business organization ownd by one person. Also called as single proprietorship.

• Partnership
• Sole proprietorship
• Corporation
• Limited Liability Company

State or right of owning a business or holding property.

• Leasing
• Renting
• Borrowing
• Proprietorship

When two or more person's combine their property and industry.

• Cooperative
• Corporation
• Sole proprietorship
• Partnership

The owners' of a partnership business.

• Shareholders
• Employees
• Investors
• Partners

The term for the owner of a corporation

• Shareholder
• Director
• Manager
• Employee

It shows the movement of equity account during the period.

• Statement of Changes in Equity
• Income Statement
• Balance Sheet
• Cash Flow Statement

It outlines a glimpse into the financial circumstances of a business over a period of time.

• Cash Flow

• Statement of Changes in Equity

• Statement of Comprehensive Income

• Statement of Financial Position

It is a broad financial metric that includes all incomes and expenses that affect a company's financial standing over a period.

• Statement of Financial Position

• Statement of Changes in Equity

• Statement of Comprehensive Income

• General Ledger

This is part of the SCE, where you can get in the Statement of Comprehensive Income

• Equity

• Additional Investment

• Initial Investment

• Net Income

When you see a number inside a parentheses in your cash flow, for example (P20,000), what do you mean by that?

• Positive

• Add

• Negative

• Multiply