These are those accounts that are presented under the assets portion of the SFP but are reductions to the company’s assets.

A form of the SFP that shows assets on the left side and liabilities and owner’s equity on the right side just like the debit and credit balances of an account.

Building, Land, Machinery and Equipment are example of __________

Temporary accounts are also called as _________

This 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.

An entity whose assets, liabilities, income and expenses are centered or owned by only one person

It is the very first investment of the owner to the company.

This provides an analysis of inflows and/or outflows of cash from/to operating, investing and financing activities .

Activities that are directly related to the main revenue-producing activities of the company

Under cash flow, these are the cash transactions related to purchase or sale of non-current assets

It is the process of evaluating risks, performance, financial health, and future prospects of a business

It is a technique for evaluating a series of financial statement data over a period of time with the purpose of determining the increase or decrease that has taken place

Vertical analysis is also known as __________

This measures the ability of the company to generate income from the use of its assets and invested capital as well as control its cost.

This refers to to the company’s capacity to pay their long term liabilities.