Bookkeeping and Accounting

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Across
  1. 5. the simplest form of organization, it is owned by one person known as proprietor or entrepreneur.
  2. 6. is interested in the financial statement to determine whether to acquire ownership in the firm.
  3. 7. this involves the measurement of social costs and benefits such as the measurement of traffic patterns for the most efficient use of traffic funds.
  4. 8. This provides management a plan for future operations and after this plan has been applied, summaries and reports comparing the actual accomplishments with the plan are provided.
  5. 12. a financial report as of a given date designed to reflect the financial position of the company by presenting all the properties owned by the business and all debts or other claims against these properties.
  6. 13. in this phase, items are sorted and grouped.
  7. 14. things of value that are owned and used by the enterprise in its operations.
  8. 15. are obligations that the firm owes to other individuals or organizations for the acquisitions of goods and services.
  9. 16. represents the investment of the owner in the business.
  10. 17. this has to do with the controlling, determining, and controlling costs particularly those costs in producing a product or service.
  11. 18. business owned by five or more persons whose ownership is evidenced by shares of stocks.
  12. 19. This is the principal service that a public accountant offers.
Down
  1. 1. Faculty members in Accounting in various colleges and universities are Certified Public Accountants.
  2. 2. may be defined as the systematic and chronological recording of the financial transactions of an enterprise.
  3. 3. are interested in information to enable them to assess the ability of the firm to provide remuneration and other benefits.
  4. 4. It is accounting job done by private business enterprises.
  5. 9. This includes the recording transactions and preparing financial reports for the use of the management, owners, creditors, governmental units, and other interested parties.
  6. 10. This includes preparation and filing of income tax returns.
  7. 11. an association of two or more persons to carry on as co-owners of a business for profit.