Deca Chapter 4

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Across
  1. 3. Period of time for which a business summarizes accounting information and prepares financial statements
  2. 4. Financial statement that reports showing cash moves in to and out of a business
  3. 5. opposite of an asset, and what a business owes
  4. 8. Review of the financial statements of a business and the accounting practices that were used to produce them
  5. 10. Financial statement that summarizes changes in the owner’s equity during a fiscal period
  6. 11. Generally Accepted Accounting Principles
  7. 13. revune earned from selling goods or services
  8. 14. Money that a business earns for the goods and services it sells also called income
Down
  1. 1. Money and other assets owned by a business and used to produce goods and services
  2. 2. Difference between. current assets and current liabilities
  3. 6. Financial statement that reports the revenue and expenses of a business for a specific time period
  4. 7. Property or item of value owned by a business
  5. 9. Financial statement that reports the assets, liabilities, and owner's equity of an organization
  6. 12. cost involved in operating a business