Across
- 1. Journal: A journal where all types of business transactions are recorded.
- 5. (Certified Public Accountant): A professional accountant who has passed exams and met licensing requirements.
- 8. Entry Accounting: A method where every transaction affects at least two accounts to keep the balance.
- 9. Cycle The steps businesses follow to track money and prepare financial statements.
- 13. A business that is a separate legal entity from its owners, offering limited liability.
- 15. Document: Original papers like invoices or receipts that show a business transaction.
- 17. Business: A business that makes products from raw materials.
- 19. Balance: The expected side (debit or credit) that increases an account’s value.
- 20. of Accounts: A list of all accounts used in a business’s accounting system.
- 21. A paper showing that payment has been received for a product or service.
- 23. An entry on the left side of an account, increasing assets or expenses.
- 24. Year: A 12-month period used for budgeting and financial reports.
- 26. An entry on the right side of an account, increasing liabilities or income.
- 27. Proprietorship: A business owned by one person who is responsible for all its debts.
- 29. Year: A 12-month period from January 1 to December 31.
- 31. A note used to record a business transaction, often for internal use.
- 32. A book or system where all accounts are summarized.
- 33. A review of financial records to ensure they are accurate.
- 34. Business: A business that provides services instead of products.
Down
- 2. Clerk: A worker who helps manage a business’s financial records.
- 3. Money or assets invested in a business.
- 4. Accounting Firms: Companies that provide accounting services to other businesses.
- 6. A business owned by two or more people who share the profits and risks.
- 7. Business: A business that buys and sells physical goods.
- 10. The money a business makes after covering its costs.
- 11. Businesses: Companies that aim to make money for their owners.
- 12. Stub: A part of a check that shows payment details.
- 14. The process of recording transactions in the journal.
- 16. A bill sent by a seller to a buyer showing what was sold and how much to pa
- 18. Businesses: Organizations that work for a cause, not to make a profit.
- 22. A person who starts and runs a business.
- 25. Enterprise System: An economy where businesses compete with little government control.
- 28. The first place where business transactions are written down.
- 30. When a business spends more than it earns.