Introduction t o Accounting

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Across
  1. 4. type of accounting recording transactions and preparing financial reports for the use of the management, governmental units and such.
  2. 5. Father of Modern Accounting
  3. 8. businesses which buy goods and without changing their form, sell them at a profit
  4. 11. often referred to as the language of business
  5. 12. type of accounting job done by private business enterprises.
  6. 15. interested in information to enable them to assess the ability of the firm to provide remuneration and other benefits
  7. 17. also called income.
  8. 18. use financial statements as a basis to answer such question.
  9. 19. derive their income from sales of services to clients or customers
Down
  1. 1. the amount of cash or value of the property that the owner vested in the enterprise but later drawn for self
  2. 2. are obligations that the firm owes to other individuals or organizations for the acquisitions of goods and services.
  3. 3. transactions is commonly referred to as bookkeeping.
  4. 6. an association of two or more persons to carry on as co-owners of a business for profit.
  5. 7. includes preparation and filing of income tax returns.
  6. 9. oftentimes referred to as the cost of earning revenues
  7. 10. data recorded are summarized through financial statements
  8. 13. things of value that are owned and used by the enterprise in its operations
  9. 14. private business firms, rely on accumulated accounting data.
  10. 16. interested in the financial statement to determine whether to acquire ownership in the firm.
  11. 20. professional service rendered by a Certified Public Accountant and his employees to the public for a fee