The purpose of this statement is to show the net increase of decrease in cash during the period and the ending cash balance, thus it will help the business in projecting the future net cash flows. Statement of Financial Position false Statement of Changes in Owner’s Equity false Statement of Cash Flow true None of the above false Single This statement contains the balances of the business’ assets, liabilities and owner’s equity at a specific date. Statement of Cash Flow false Statement of Financial Position true Statement of Changes in Owner’s Equity false None of the above false Single PFRS stands for ___________________________. Philippine Financial Recording Standards false Philippine Financial Reporting Standards true Philippine Financial Reporting Statistics false None of the above false Single The purpose of this statement is to report the events that increased or decreased owner’s equity over the course of the accounting period. Statement of Changes in Owner’s Equity true Statement of Income false Statement of Financial Position false None of the above false Single The purpose of this statement is to show the performance of the business for a given period of time. Statement of Financial Position false Statement of Income true Statement of Changes in Owner’s Equity false None of the above false Single The document that contains the name of the client, the date of the transactions, details of merchandise sold, number of items, price, credit terms, any discounts received and the total amount owed. Sales Invoice true The Chart of Accounts false Double entry system false None of the above false Single A written evidence issued to the buyer acknowledging a collection of cash payment. It contains the details of payment and the invoice being paid. Sales Invoice false Double entry system false Official Receipt true None of the above false Single A summary of account titles with corresponding account numbers. The Chart of Accounts true Trial Balance false Official Receipt false None of the above false Single A statement that lists down all the general ledger accounts and its balances. The Chart of Accounts false Trial Balance true Double entry system false None of the above false Single Ensures that for every transaction, one or more accounts is debited with the total amount equal to the total of one or more accounts credited. Double entry system true The Chart of Accounts false Trial Balance false None of the above false Single