Subsidiary Ledgers and Controlling Accounts

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