1. The beginning capital of Jadine Trading is P728,000. During the year the owner made an additional investment of P20,000 and withdrew P35,000 for personal use. Net income during the year amounted to P45,000. What is the amount of the owner’s equity in the statement of financial position?

2. Which of the following is a real account?

3. Notes to Financial Statements is one of the company's communication of financial information to people outside of the company.

5. Which of the following is NOT considered as a type of bank documents?

6. It is the party that has been directed by the depositor to pay a certain sum of money to the person presenting the check.

7. What is the correct order of the following assets on Balance Sheet?

8. Amounts earned by a company in its main operating activities are called gains.