ACCOUNTING

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Across
  1. 2. any event that has a financial impact on the business and can be measured reliably
  2. 4. the book of accounts and their balances
  3. 7. right side of a t account
  4. 8. money paid out from a business
  5. 12. the cost of the inventory a business has sold to customers
  6. 13. an amount owed by a business
  7. 15. business owned by one person
  8. 17. assets=liability + owner's equity
  9. 18. first in, first out
  10. 20. a person who owns stock in a corporation
  11. 21. items owned by a business
Down
  1. 1. money received from sales
  2. 3. another name for a stockholder
  3. 5. left side of a t account
  4. 6. an association of two or more persons who c0-own a business for profit
  5. 9. shares into which the owner's equity of a corporation is divided
  6. 10. last in, first out
  7. 11. distribution by a corporation to its stockholders
  8. 14. initial public offering
  9. 16. the process of copying amounts from the journal to the ledger
  10. 19. the chronological accounting record of an entity's transactions