General Accounting Chapter 1

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Across
  1. 1. Certificates that represent ownership of a corporation
  2. 5. A process designed to accumulate, classify, and summarize financial data
  3. 6. A business or organization whose major purpose is to produce a profit for its owners
  4. 8. Accounting standards developed and applied by professional accountants
  5. 9. An independent accountant's review of a firm's financial statements
  6. 11. A company's policies and procedures to safeguard assets and promote compliance with management policies and applicable laws
  7. 12. The owners of a corporation
  8. 13. A business entity owned by two or more people who are legally responsible for the debts and taxes of the business
Down
  1. 2. Someone money is owed to
  2. 3. Misrepresentation of a firm's accounting data
  3. 4. Periodic reports of a firm's financial position or operating results
  4. 7. A publicly or privately owned business entity that is separate from its owners
  5. 10. A business entity owned by one person, who is legally responsible for the debts and taxes of the business