Subisidiary Ledgers and Controlling Accounts

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Across
  1. 2. Business that purchases and resells goods.
  2. 7. Legal right for a business to conduct operations as a corporation.
  3. 8. Goods that a business purchases to sell.
  4. 9. Owner of one or more shares of stock.
  5. 10. Subsidiary ledger containing vendor accounts.
  6. 13. Assets or other financial resources available to a business.
  7. 14. Merchandising business that sells to those who use or consume the goods.
  8. 15. Ledger that is summarized in a single general ledger account.
  9. 16. Legal document that identifies basic characteristics of a corporation.
Down
  1. 1. Business from which merchandise, supplies, or other assets are purchased.
  2. 3. Another name for subsidiary ledger.
  3. 4. Buys and resells merchandise primarily to other merchandising businesses.
  4. 5. Total shares of ownership in a corporation.
  5. 6. Each unit of ownership in a corporation.
  6. 11. Organization with the legal rights of a person which many persons or other corporations may own.
  7. 12. Account in a general ledger that summarizes all accounts in a subsidiary ledger.