Across
- 4. accounting work carried on by an accountant employed by a single business in industry; the branch of accounting that provides, financial information about business segments, activities, or products.
- 7. the result of an excess of revenue over expenses.
- 9. an inflow of money or other assets that results from the sales of goods or services or from the use of money or property; also called income.
- 12. record sales to customers and other revenues earned by the company.
- 13. an unincorporated business with one owner.
- 14. resources that a company owns, resources that are expected to have future benefit.
- 15. an unincorporated business with one or more owners.
- 18. members of firms that perform accounting services for other companies.
- 20. managers and owners use when making business decisions.
- 21. accounting work performed for a federal, state, or local governmental unit.
- 23. Summarized cash inflows and cash outflows for operating, investing, and financing activities of a business.
- 24. subcategories of an account.
Down
- 1. standardized financial reports that summarize information about past transactions.
- 2. Summarizes what a company has earned and the expenses incurred to earn the income.
- 3. an incorporated business with one or more owners.
- 5. represent the net worth of a business-calculated as assets minus liabilities.
- 6. a point at which revenue equals expenses.
- 8. Sheet Summarizes what a company owns and owes on a particular date.
- 10. record costs that have expired or have been consumed in the process of generating income.
- 11. amounts a company owes to others.
- 16. The process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated to owners, managers, and other interested parties.
- 17. a list of all accounts and account numbers for a business.
- 19. collects information about customers, such as name, customer number, address and contact information.
- 22. the result of an excess of expenses over revenue.