Across
- 1. = The owner’s equity section of a corporation’s balance sheet is known as shareholders equity or _____equity.
- 5. = Other non-regular expenses like gasoline, toll fee and parking fee
- 7. = Father of accounting
- 10. = Accounting is the ____ of the business
- 12. = Revenue or expense generate from the business activities
- 14. = Business tax expense
- 17. = Credited with typing the list names know
- 18. = A record of a single transaction
- 21. = Bill prepared by a seller and submitted to the buyer
- 23. = Assumed selling ____ of goods or service Plant = One or more buildings used as a place to product/manufacture
- 24. = Something that is in its ___ or “natural” state to be used in production process
- 26. = Electricity and water expense
- 28. = Infrastructure owned by the firm that is used for the business
- 30. = Bank Loan
- 32. = These first examples of accounting from ____ and Egypt.
- 34. =The title of the liability account that reports amounts that were received by the company before they were earned is _______ Revenues.
- 36. = Expenditures to keep assets in good condition
- 37. = Amount _____ by the owner form earnings of the business.
- 38. on this form _____.
- 40. = Money that is in safekeeping in bank of choice can be withdrawn anytime
- 41. = Keep ___ of cash flow
- 42. = Entry on the left side of an account
- 44. = Most liability accounts have this word as part of their title.
- 45. = A written cash flow plan
- 46. = Cash _____ awarded to customer of choice
- 47. = Process of recording, classifying, summarizing, and ___ all financial transaction of entity
- 48. = When expense is greater than revenue you have a ______.
- 54. = Own the business, and they are called stockholders and stakeholders.
- 56. = Merchandise purchases intended for sale
- 61. =Revenues for selling merchandise
- 62. = Exchange of goods and services for money
- 63. = Gain ___ among creditors
- 64. = Asset, Liabilities and Owners Equity
- 67. A person who starts a new business and takes on its rick
- 71. = Land owned by the firm that is used from the business
- 72. = They buy and sell goods to client
- 73. = Available cash and near-cash on hand to pay for current liabilities
- 74. = Accounts listed last on the balance sheet.
- 79. = labor payments to employees of the business
- 80. = Expenses incurred to advertise and promote the business
- 84. = Honda, BMW, Ford, Isuzu etc
- 85. =Payment for the use of borrowed money
- 86. = Sold to customers at retail without special restrictions
- 88. = Money of resource owed by the business
- 90. = This is the profit left after all over have been taken off
- 91. = Every____recorded in a business will have a debit value that equals a credit value.
- 92. = Small amount of cash kept in the business to pay for minor expenses
- 93. = This is represent the unsold good at the end of the accounting period?
- 94. =_____ investments of the owner.
- 95. = The title of the asset account that reports the unexpired cost of insurance premiums that have already been paid is _____ Insurance.
Down
- 2. =Amounts that require payment in the future
- 3. = A visual aid used by accountants to illustrate Dr and Cr
- 4. = Developed a punch card machine to speed up data handling in U.S.
- 6. = Expenses for research and development undertakings
- 8. = Payments either in cash or credit
- 9. = The difference between a sole proprietorship’s total asset and it’s total liabilities is _____’s equity.
- 11. = Entity that owes money or assets to a creditor
- 13. = Purchase materials and supplies on account
- 15. = Cash
- 16. = Compensation earned by hourly-paid workers
- 19. = A written promise to repay money.
- 20. = Rental expense
- 22. = Computer, Calculator and Typewriter
- 25. = Unpaid obligation evidenced by promissory note
- 27. = They first invented the practice of writing in order to keep receipts.
- 29. = invented the adding machine
- 31. = Products that are ready for sale
- 33. = Generally accepted accounting guidelines are referred to as ______.
- 35. =Physical or mental work rendered for the business
- 39. = Advance payment made by the company
- 43. = Written authorization to vendor to deliver goods in specific quantities at a prior-agreed price
- 45. = Helps in creating budgets and future _____ prospect
- 49. = This is the profit left after all over have been taken off
- 50. = ____ is the language of business
- 51. = Delivery trucks, delivery vans
- 52. = Considered the first cost accountant
- 53. = Office Supplies
- 55. = Debts that are payable in one year
- 57. = Entry on the right side of an account
- 58. = Because the accounting system used in the U.S. requires at least one debit and one credit, we refer to the accounting system as ______-entry.
- 59. Income =Interest earned from investments
- 60. = Management of money and other financial assets
- 65. = petty cash fund
- 66. = Invented the double entry accounting system
- 68. = The income statement and the statement of cash flows report amounts covering a _____ of time.
- 69. = One part of stockholders’ equity is ______ earnings.
- 70. = short-term investments
- 75. = Asset = liability+__
- 76. = Contains all account needed to prepare financial statement
- 77. = In 1998 ___ was launched
- 78. = Money collected, paid the company that is for deposit
- 79. = Provide service and earn income from it
- 81. = _____ is concerned with correct payment of taxes
- 82. = Two or more persons own the business.
- 83. = anything that involves ____ (purchase, borrow, receive) in the present or in the future
- 87. = At least ___ entries made for each transaction
- 89. =Set of standards for the accounting history