Terminology Review

123456789101112
Across
  1. 5. Example: Salaries, cost of goods, shipping costs, utilities
  2. 8. Ability to pay obligations expected to become due within the next year or operating cycle
  3. 9. Goods available for future sales or use in service for customers
  4. 11. the basic form of an account
  5. 12. Land lease, building mortgage
Down
  1. 1. The right side of an account
  2. 2. A record of all accounts maintained by the organization and their amounts.
  3. 3. The left side of an account
  4. 4. cash, property, plant and equipment
  5. 6. Increase in assets or decrease in liabilities
  6. 7. Cash payments made to stockholders
  7. 10. Set of accounting standards that have authoritative support