CrossWord Puzzle

4. as a profession is commonly classified into three main categories: public accounting, private business accounting,and government accounting
5. are what the business owes to outside parties
8. a columnar statement containing the different types of information required at the end of a trading period
10. advance payment for use of facilities (prepaid rent), purchase of supplies (supplies on hand) and right for protection (prepaid insurance)
12. include cash, stock, property, plant, or equipment -anything the business owns
14. It is owned jointly by two or more persons who combined their resources and efforts
17. as old as the history of man
18. is a written promise to pay a definite amount at a specified future date
19. the commodities or goods that are bought and sold in business
21. amounts or claims from clients/customers resulting from service rendered by the company

1. records a business transaction in the accounting system for an organization
2. Ground area used in the operation of the business
3. The year and month are not rewritten for every entry unless the year or month changes, or a new page is needed
6. It is owned by various persons called stockholders or shareholders
7. barter trade was already in operation
9. refers to the owner's investment in an asset after all liabilities have been deducted
11. refer to the changes that occur in journal entries that are already recorded
13. an entry recording an amount owed that is listed on the left side or column of an account
15. amounts owed to creditors for purchase of goods or for services received
16. structure occupied by the business
20. an entry recording a sum received, listed on the right-hand side or column of an account