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    Learning Activity Sheet in FABM I: III. Matching Type

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    ocampo mtb
    Accounting provides quantitative financial information about an entity that is useful for making economic decisions. It records all types of events in accounting books and involves identifying, recording, and communicating this economic information. Auditing is the process of doing this. The history of accounting can be traced back to ancient civilizations, with double-entry bookkeeping developing in the 14th century in Europe.

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    Learning Activity Sheet in FABM I: III. Matching Type

    Uploaded by

    ocampo mtb
    171 views1 page
    Accounting provides quantitative financial information about an entity that is useful for making economic decisions. It records all types of events in accounting books and involves identifying, recording, and communicating this economic information. Auditing is the process of doing this. The history of accounting can be traced back to ancient civilizations, with double-entry bookkeeping developing in the 14th century in Europe.

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    Learning-Activity-Sheet-in-FABM-I

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    Accounting provides quantitative financial information about an entity that is useful for making economic decisions. It records all types of events in accounting books and involves identifying, recording, and communicating this economic information. Auditing is the process of doing this. The history of accounting can be traced back to ancient civilizations, with double-entry bookkeeping developing in the 14th century in Europe.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    171 views1 page

    Learning Activity Sheet in FABM I: III. Matching Type

    Uploaded by

    ocampo mtb
    Accounting provides quantitative financial information about an entity that is useful for making economic decisions. It records all types of events in accounting books and involves identifying, recording, and communicating this economic information. Auditing is the process of doing this. The history of accounting can be traced back to ancient civilizations, with double-entry bookkeeping developing in the 14th century in Europe.

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    © All Rights Reserved
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    of 1

    Learning Activity Sheet in FABM I ___________ 2) Quantitative information is expressed in units and

    Quarter 1, Week 1, Module 1-2 numbers.


    ___________ 3) All types of events are recorded in the accounting books.
    Name: _____________________________________ Date: __________ ___________ 4) Auditing is a process of identifying, recording and
    Grade Level: ________ Section: ____ Score: ________ communicating
    economic information that is useful in making economic decision.
    Objective: 1. Define accounting ___________ 5) The basic objective of accounting is to provide quantitative
    2. Describe the nature of accounting financial
    3. and narrate the history/origin of accounting information about an entity that is useful in making rational economic
    decision.
    Content: Accounting Definition, Nature and History ___________ 6) Marketing is responsible in creating value for customer and
    building strong customer relationships.
    Worksheet Activity 1 ___________ 7) Management is a process of establishing common objectives,
    coordinating efforts towards those objectives, and efficiently and
    I. Fill in the blanks and identify the following terms. effectively utilizing available resources to achieve certain goals.
    1) Accounting is often referred to as a ____________________ because it ___________ 8) As a practical art, accounting is a body of knowledge which
    is fundamental to communication of financial information. has been systematically gathered, classified and organized.
    ___________ 9) Bookkeeping and accounting are synonymous.
    2) _______________________ are those that affect the assets, liabilities, ___________ 10) Accounting is often referred to as a “Language of
    equity, income and expense of a ________________________. business” because it is fundamental to the communication of financial
    information.
    3) As a practical art, accounting requires the use of creative skills and
    ________________ .
    III. Matching Type:
    4) The early history of ________________ cannot be traced with much Like all things, who, what, where, when and how a thing exists. Arrange the
    accuracy. accounting history: Match Column A to Colum B.
    Column A Colum B
    5) _______________________ is the initial activity or clerical part of ___1. Cradle of Civilization A. Beginning of Modern Accounting
    accounting. ___2.14th Century B. Mass production and great importance of
    fixed assets
    6.) ______________________ is a type of information expressed in ___3. Revolution C. Development of Accounting Theory
    numbers, quantities, or units. ___4. Luca Pacioli D. Father of Accounting
    ___5. Industrial Revolution E. Double-Entry Bookkeeping
    7.) As a _________________, accounting is a body of knowledge which ___6. 19th Century F. Clay Tablet
    has been systematically gathered, classified and organized.

    8.) A ____________________ is one that consists of an input, a process,


    and an output.

    9.) Accounting as a _____________________________ is likened to a


    Global Positioning System (GPS) attached to a car.

    10.) Good management is the key to a business____________________.

    II. TRUE or FALSE


    Instruction: Before each statement, write TRUE if the statement is
    correct or FALSE if the statement is incorrect.
    ___________ 1) Financial information is a quantitative information.

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