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Test I. Matching Type. Write The Letter On The Space Provided. No Erasures!

The document contains two tests - a matching type test to match accounting terms to their definitions, and a test to have the student create a personal weekly cash flow statement covering 4 weeks including sources of cash, purchases/expenses, and weekly inflows and outflows. The student is then asked 3 questions analyzing their cash flow statement and financial management skills based on the information provided.

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Aimelenne Jay Aninion
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93 views1 page

Test I. Matching Type. Write The Letter On The Space Provided. No Erasures!

The document contains two tests - a matching type test to match accounting terms to their definitions, and a test to have the student create a personal weekly cash flow statement covering 4 weeks including sources of cash, purchases/expenses, and weekly inflows and outflows. The student is then asked 3 questions analyzing their cash flow statement and financial management skills based on the information provided.

Uploaded by

Aimelenne Jay Aninion
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
Download as docx, pdf, or txt
Download as docx, pdf, or txt
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Name: ______________________________ Date: ________________

Test I. Matching Type. Write the letter on the space provided. No erasures!

COLUMN A COLUMN B
____ 1. Accounting System a. Exchanges of goods/services between among 2 or more entities or some other event having an
economic impact on a business
____ 2. Debit b. An entry on the right side of an account
____ 3. Credit c. A collection of accounts of all the accounts used by a business that could appear on the
Financial statements
____ 4. Transactions d. records in which transactions are first entered, providing a chronological record of business
activity
____ 5. Double entry accounting e. A record used to classify and summarize the effects of transaction
____ 6. Journal entry f. An entry on the left side of an account
____ 7. Journal g. Procedures and methods used, including data processing equipment, to collect and report accounting data

____ 8. Accounting Process h. A collection of accounts maintained by a business


____ 9. General Journals i. Procedures and methods used, including data processing equipment, to collect and report accounting data

____10. Account j. The process of summarizing transactions by transferring amounts from the journals to the ledger accounts
____11. Ledger k. An accounting record used to record all business activities for which a special journal is not maintained
____12. Posting l. A record used as the basis for analyzing and recording transactions such as, check stubs and receipts
____13. General Ledger m. Procedures used for analyzing, recording, classifying and summarizing the information to be presented in
accounting reports

Test II.

Create your personal weekly cash flow statement covering 4 weeks. List down the sources of the cash that you have on
a weekly basis. Then list down all of your purchases and expenses. Next, come up with a list showing the inflow and
outflow of funds on a weekly basis.

1. Based on the cash flow statement you prepared, what can you deduce about your source of cash and how you
are managing your money?
2. Are you satisfied with the outcome of your cash flow statement? Why or why not?
3. Do you think you should improve your financial management skill or are you already responsible in handling
your money and possibly your future income?

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