Across
- 4. a list of all the accounts you must use to record financial transactions in your general ledger
- 7. a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit
- 11. licensed professional who has passed an examination administered by a state's Board of Accountancy.
- 12. increase of an asset or a decrease in a liability or owner's equity
- 17. an economy where the market determines prices, products, and services rather than the government
- 19. an amount of money lost by a business or organization
- 20. an account or record used to store bookkeeping entries for balance-sheet and income-statement transactions
- 22. any company that uses raw materials or components to create finished goods
- 23. the examination of the financial report of an organisation
Down
- 1. a business or individual who helps a range of clients, from individuals to corporations, prepare financial documents
- 2. The ledgers must have every transaction in a business with at least one debit entry and one credit entry
- 3. a legal entity organized and operated for a collective, public or social benefit
- 5. a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so
- 6. a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something
- 8. companies that buy products and then resell them to end consumers
- 9. a non-registered, unincorporated business run solely by one individual proprietor with no distinction between the business and the owner
- 10. decrease an asset or expense account or increase a liability or equity account
- 11. used in accounting to record individual ownership rights of the owners of a company
- 13. record all their financial transactions using a single accounting system
- 14. a company that performs tasks for the benefit of their customers
- 15. the expected balance each account type maintains, which is the side that increases
- 16. filing financial records, reconciling bank statements with the general ledger, updating and maintaining accounting databases, and processing backups
- 18. the relationship between two or more people to do trade or business
- 21. graphical representation of a general ledger that records a business' transactions