Across
- 4. The principal service that a public accountant offers.
- 8. A mathematician credited with the ownership of the first written work about Algebra, Geometry and Bookkeeping.
- 9. This includes the recording transactions and preparing financial reports for the use of the management, owners, or creditors.
- 10. The simplest form of organization, it is owned by one person known as proprietor or entrepreneur.
- 12. It is an accounting job done by private business enterprises.
- 14. It refers to a business or individual who helps a range of clients, from individuals to corporations.
- 15. The residual interest in the assets of the enterprise after deducting all its liabilities.
- 17. A financial report that shows properties owned by the business and all debts or claims against these.
- 18. This is where items are sorted and grouped. Similar items are classified under the same name.
- 19. These are things of value that are owned and used by the enterprise in its operations.
- 20. The data recorded are summarized through financial statements wherein these are submitted to the management.
Down
- 1. It is defined as the systematic and chronological recording of the financial transactions of an enterprise.
- 2. It is a statement issued by an accounting board clarifying how accounting standards should be applied.
- 3. These are obligations that the firm owes to other individuals or organizations for the acquisition of goods or services.
- 5. An association of two or more persons to carry on as co-owners of a business for profit.
- 6. These services are intended to provide advice regarding the operations and finances of clients.
- 7. A business owned by five or more persons whose ownership is evidenced by shares of stocks.
- 11. It is also known as the language of business.
- 13. It reports the revenues earned by a company and the expenses used for such revenues.
- 16. This includes preparation and filing of income tax returns.