subsiadiary ledgers and controlling accounts

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Across
  1. 2. stock: The total shares of ownership in a corporation.
  2. 3. of incorporation: legal document that identifies basic characteristics of a corporation, which is part of the application submitted tor; a state to become a corporation.
  3. 5. merchandise business: buys and resells merchandise primarily to other merchandising businesses
  4. 6. merchandising business: merchandising business that sells to those who use or consume the goods
  5. 8. ledger: ledger that is summarized in a single general ledger account.
  6. 10. organization which many persons or other corporation may own
  7. 12. business from which merchandise, supplies, or other assets are purchased
  8. 13. Goods that a business purchases to sell.
  9. 14. Accountants often refer to a subsidiary ledger as a subledger
Down
  1. 1. business: business that purchases and resells goods
  2. 4. assets or other financial resources available to a business
  3. 7. legal right issued by a state approving the formation of a corporation, granting the business the legal right to conduct operations as a corporation.
  4. 8. The owner of one or more shares of stock
  5. 9. of stock: Each unit of ownership in a corporation
  6. 11. payable ledger: the subsidiary ledger containing vendor accounts.