Financial Accounting

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Across
  1. 3. Acronym for generally accepted accounting principles
  2. 5. Money owed to a business by customers for goods or services delivered
  3. 6. Accounting method that recognizes revenue when it is received and expenses when they are paid
  4. 9. of accounts List of all accounts in a business
  5. 10. capital Amount of money a business has after its liabilities are paid
  6. 12. basis Accounting method that records revenue and expenses when they occur
  7. 14. Form used to record business transactions in chronological order
  8. 15. Group of account
  9. 16. Transferring information from the journals to a ledger
  10. 17. accounting
  11. 18. Individual record that summarizes information for a single category, such as cash or sales
Down
  1. 1. Also called a profit and loss statement
  2. 2. Review of the financial statements of a business and the accounting practices that were used to produce them
  3. 4. Money that a business owes to suppliers for goods or services received
  4. 7. Transaction for which cash for a sale will be received at a later date
  5. 8. period Period of time for which a business summarizes accounting information and prepares financial statements
  6. 11. Organization that exists independently of its owner’s finances
  7. 13. People with an interest, usually financial, in a business