Accounting

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Across
  1. 2. Is the amount borrowed or lent.
  2. 5. Is technically defined as the process of recording the business transaction in a chronological order.
  3. 6. Deductions from the invoice costs to encourage costumers to pay early.
  4. 9. Often called the Language of business.
  5. 10. Is a document prepared for sales on account only.
  6. 13. Is another general term used to designate income.
  7. 14. When there is one debit and one credit entry.
  8. 15. Used when an asset account is debited at the time of payment.
  9. 16. Is the date on which the note is to be paid.
  10. 20. A column in the journal and in the ledger that shows the cross-referencing in the posting process.
  11. 24. A document evidencing the deposit of money in the bank.
  12. 26. General term to mean any earning made by the business.
  13. 28. A group of controlling accounts.
  14. 30. Shows accounts with open balances.
  15. 37. Property or rights on property owned by the business.
  16. 39. Deductions from the list price to encourage buyers to buy more.
  17. 40. Book of original entry.
  18. 41. Business paper showing that your account has been produced by items that are charged against you.
  19. 43. Is a record kept for each asset,liability,owner's equity,income and expense items.
  20. 45. Is a business document which evidence sale of service or merchandise for cash only.
  21. 46. Process of transferring the information from the journal to the ledger.
  22. 47. The amount paid for the use of money.
  23. 49. Document which evidence of payment.
  24. 50. Sometimes called combination journal.
Down
  1. 1. Is the amount to be paid on its maturity date.
  2. 3. Recording showing the details of general ledger account.
  3. 4. A list of account titles used by the bookkeeper as a guide in recording business transactions.
  4. 7. Refers to small items of equipment like pliers,hammer,screwdrivers, etc.
  5. 8. Is the date when the note is drawn.
  6. 11. Is issued when payment is made form the cash deposited in the bank.
  7. 12. When journal entry has two or more debits and/ or two or more credits.
  8. 17. Is the examination of financial statements by an independent certified public accountant for the fairness of the financial statements.
  9. 18. A written promise made by maker promising to pay a person called payee.
  10. 19. Shows the balance of an account brought about by the business transactions.
  11. 21. Book of final entry.
  12. 22. Type of trial balance which shows the debit totals and credit totals of all accounts in the general ledger.
  13. 23. Is the person to whom payment is to be made.
  14. 25. An organization owned by only one person.
  15. 27. Refers to the preparation of annual income tax returns and other services related to taxation.
  16. 29. Terms that shows the withdrawal of cash or other items form the business by the owner.
  17. 31. Is the body authorized by law to make rules and regulations involving the practice of the profession in the Philippines.
  18. 32. Is the length of time that covers the business transaction being reported upon.
  19. 33. Is a business paper issued by the seller to the buyer when the buyer returns the thing bought or asks for an allowance for the defect on the thing.
  20. 34. Document which evidences receipt of cash.
  21. 35. Refers to land space owned by the business.
  22. 36. Statement that gives the financial condition of a business as of a given date.
  23. 38. Process of recording the business transaction in the journal.
  24. 42. Is the person who promises to pay the note.
  25. 44. Business document that shows the name of the supplier,the items bought and the other terms and conditions surrounding the purchase.
  26. 48. Term to denote income derived from the sales of goods.