Across
- 2. commonly referred to as bookkeeping.
- 5. business owned by five or more persons whose ownership is evidenced by shares of stocks. Each owner is called stockholder.
- 9. to as the language of business.
- 11. put money in your pocket
- 12. items are sorted and grouped
- 13. Total initial or additional investments made by the owner
- 17. This is the principal service that a public accountant offers
- 19. the accountant’s interpretation on the financial statement is needed
- 20. simplest form of organization
Down
- 1. takes money in your pocket
- 3. This provides management a plan for future operations
- 4. coins and currencies
- 6. defined as gross inflow
- 7. These reports are submitted to the management at the end of each accounting period or as the need arises.
- 8. defined as an exchange of goods or services
- 10. interested in the financial statement to determine whether to acquire ownership in the firm.
- 14. an association of two or more persons to carry on as co-owners of a business for profit
- 15. defined as grow outflow
- 16. The principal revenue of both the merchandising and manufacturing concerns in selling good to customers.
- 18. It is not an expense of the business.
