ACCOUNTING- Deals with transactions that are DEPOSITS- a bank provides a means to save our

financial in nature. money and grow it with interest

INCOME STATEMENT- Also known as profit and loss SAVINGS ACCOUNT- is an interest bearing deposit
statement that shows organizations operational account held in bank or in other financial institution
earnings and expenses. that provides a modest interests rate.

INVESTING- Is about building a better future for you,

your business, or your family.

INVESTING- is the process of buying a bond, stock,

treasury bills

SECURITIES- these can be in the form of treasury bills.

These are government issue and are sold by the
government to raise funds

ASSETS- are properties, resources

LIABILITIES- entail an organizations legal and financial

responsibility and obligation.

BALANCE SHEET- According to business authors MARY

JANE BYRD and LEON MEGGINSON, the most basic
accounting truth is “the total liabilities (plus owner’s
equity) always equal the total assets of the firm.

- Financial health of your business

TRANSACTION- is an activity that involves money in

exchange of goods or services.

PROFIT- or income is the difference between what you

have earned (revenue) and what you have spent
(expenses).

STOCKS- are another form of investment that can be

purchased through the PHILIPPINE STOCK EXCHANGE
stocks

INSURANCE- alternative ways of earnings.

- Insusrance company provides the insured a

coverage