accounting

Across

2. _________ and fixtures- is used when referring to movable items that are acquired to improve the condition of a place such as tables, chairs and etc.
3. _________ position- describes how much financial resources and obligations the business has and the interest of its owner or owners
4. going-concern concept
5. service income
7. initial or additional investment of cash or other assets by the owner of the business
9. language of business
10. refers to the obligations of the business to transfer a measurable amount of resources
11. refers to the things of value or rights owned by the business
13. proof of sales
14. obligations to suppliers for items bought but not yet paid
17. owner's ______- refers to the claim of the owner in the assets of the business
19. ___________ expense- refers to the cost of repairing or servicing assets like equipment and building
21. accounts __________- collectibles from customers for services rendered to them or goods sold to them on credit
24. goods acquired for sale and are still unsold
28. cash ____ statement- is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financial activities
30. refers to the excess of revenue over expenses
31. _____ receivable- collectible for services rendered or goods sold to on credit evidenced by a promissory note issued by the customer
32. expenses already but not yet incurred
34. office ________- papers, pens, ink, erasers and the like which are still unused
36. refers to the cost of transporting/ shipping in of goods during its acquisition by the business
37. currency (bills and coins), and cash equivalents such as checks
38. refers to the outflow of financial resources arising from profit-making activities of the business
39. defined as exchange of goods or services
41. refers to structures used for business
43. heavy equipment that performs certain functions such as sewing machines and etc.
45. refers to gross inflow of financial resources arising from profit-making activities
46. refers to the revenue derived from sale of goods
47. ______ expense- refers to amounts paid to employees

Down

1. miscellaneous income
3. delivery expense
6. refers to amounts paid for the use of water and electricity
8. is prepared in presenting the financial position of a business
12. refers to revenue earned as a result of providing service to the customers
15. withdrawals of cash or other assets by the owner of the business for his personal use
16. wheeled items that are used to transport goods
18. obligations to suppliers for items bought on credit by issuing a promissory note
20. cost is the sacrifice made for the resources given up, to acquire desired things or service
22. _____________ expenses- refers to the different minor expenses incurred and for which no specific account title has been adopted
23. refers to the cost of using space for office of business, storage of goods, and the like
25. goods sold
26. are terms used to identify specific elements of accounting to be used in the process of recording transactions
27. ______ equipment- refers to items used to perform office functions such as computers, printers, and etc.
29. official ________- proof of payment/ collections
33. how much expenses the business incurred
35. professional ____- refers to revenue earned as a result of providing professional service to the clients
40. income _________- is a financial statement designed to determine the result of business operations
42. land acquired for use in business
43. ________ measurement concept- economic activity is recorded and reported in terms of a common monetary unit of measurement (peso in the philippines)
44. ________ income- refers to revenue earned for lending money