Group 2 Crossword

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Across
  1. 4. is the goods a company on hand it intends to sell as a course of business.
  2. 6. are assets that pertain to the company’s right to collector right to claim payment issuing a note.
  3. 8. Type of business operations where you are selling tangible goods. Like grocery stores, hardware and clothing.
  4. 11. a type of good that does not have a physical nature. It is something that does not have a physical nature like transportation, consultation, repair, etc.
  5. 13. the processes and activities involved in running a retail business.
  6. 16. A transaction that includes an exchange of services or goods for a certain amount of money
  7. 18. provides an overview of a company's assets, liabilities, and shareholders' equity
  8. 20. Is a type of Business operation concerns with manipulating resources like raw materials, labor, machine and transforming them into finished products that are ready to be sold to customers.
  9. 21. is the company's total assets minus its total liabilities. represents the amount of money that would be returned to shareholders if all of the assets were liquidated and all of the company's debt was paid off.
Down
  1. 1. means that the assets and debts of the business remain separate from the personal assets and debts of the company's owners.
  2. 2. includes the sources of cash from investors or banks, as well as the uses of cash paid to shareholders.
  3. 3. costs that have been paid in advance of when they are due.
  4. 5. is any time frame used for financial reporting.
  5. 7. are payments due to staff for time worked.
  6. 9. are the input goods or inventory that a company needs to manufacture its products.
  7. 10. the process of recording your company's financial transactions into organized accounts on a daily basis.
  8. 12. The TAX that an incorporated business must pay to the federal government and, often, to state and city governments as well.
  9. 14. is an integral part of the business because it helps in earning revenue and expand and grow.
  10. 15. are the bills due as part of the normal course of operations of a business.
  11. 17. is a person skilled in the recording and reporting of financial transactions.
  12. 19. are the amount of money owed to the company by its customers for the sale of its product and service.