Accounting I Chapters 1 & 2

Edit Answers
123456789101112131415
Across
  1. 3. The accounting assumption that a business exists independently of its owner’s personal holding
  2. 4. The type of accounting that focuses on reporting information to external, or outside, users
  3. 5. An organization that operates for purposes other than making a profit
  4. 8. an accountant who has met education and experience requirements and passed a national test
  5. 11. The specific period of time covered by an accounting report
  6. 13. The type of accounting that focuses on reporting information to management
  7. 14. A business that operates to earn money for its owners
  8. 15. When accounting information is processed by recording it into a compute
Down
  1. 1. When accounting information is processed by hand
  2. 2. Documents that present summarized information about the financial status of a business
  3. 6. the review of a company’s accounting systems and financial statements to confirm that they follow generally accepted accounting principles
  4. 7. a business that provides a variety of accounting services including the independent audit
  5. 9. The set of rules that all accountants use to prepare financial reports
  6. 10. Designed to collect, document, and report on financial transactions affecting the business
  7. 12. The accounting assumption that a business is expected to operate indefinitely