Across
- 2. _________ and fixtures- is used when referring to movable items that are acquired to improve the condition of a place such as tables, chairs and etc.
- 3. _________ position- describes how much financial resources and obligations the business has and the interest of its owner or owners
- 4. going-concern concept
- 5. service income
- 7. initial or additional investment of cash or other assets by the owner of the business
- 9. language of business
- 10. refers to the obligations of the business to transfer a measurable amount of resources
- 11. refers to the things of value or rights owned by the business
- 13. proof of sales
- 14. obligations to suppliers for items bought but not yet paid
- 17. owner's ______- refers to the claim of the owner in the assets of the business
- 19. ___________ expense- refers to the cost of repairing or servicing assets like equipment and building
- 21. accounts __________- collectibles from customers for services rendered to them or goods sold to them on credit
- 24. goods acquired for sale and are still unsold
- 28. cash ____ statement- is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financial activities
- 30. refers to the excess of revenue over expenses
- 31. _____ receivable- collectible for services rendered or goods sold to on credit evidenced by a promissory note issued by the customer
- 32. expenses already but not yet incurred
- 34. office ________- papers, pens, ink, erasers and the like which are still unused
- 36. refers to the cost of transporting/ shipping in of goods during its acquisition by the business
- 37. currency (bills and coins), and cash equivalents such as checks
- 38. refers to the outflow of financial resources arising from profit-making activities of the business
- 39. defined as exchange of goods or services
- 41. refers to structures used for business
- 43. heavy equipment that performs certain functions such as sewing machines and etc.
- 45. refers to gross inflow of financial resources arising from profit-making activities
- 46. refers to the revenue derived from sale of goods
- 47. ______ expense- refers to amounts paid to employees
Down
- 1. miscellaneous income
- 3. delivery expense
- 6. refers to amounts paid for the use of water and electricity
- 8. is prepared in presenting the financial position of a business
- 12. refers to revenue earned as a result of providing service to the customers
- 15. withdrawals of cash or other assets by the owner of the business for his personal use
- 16. wheeled items that are used to transport goods
- 18. obligations to suppliers for items bought on credit by issuing a promissory note
- 20. cost is the sacrifice made for the resources given up, to acquire desired things or service
- 22. _____________ expenses- refers to the different minor expenses incurred and for which no specific account title has been adopted
- 23. refers to the cost of using space for office of business, storage of goods, and the like
- 25. goods sold
- 26. are terms used to identify specific elements of accounting to be used in the process of recording transactions
- 27. ______ equipment- refers to items used to perform office functions such as computers, printers, and etc.
- 29. official ________- proof of payment/ collections
- 33. how much expenses the business incurred
- 35. professional ____- refers to revenue earned as a result of providing professional service to the clients
- 40. income _________- is a financial statement designed to determine the result of business operations
- 42. land acquired for use in business
- 43. ________ measurement concept- economic activity is recorded and reported in terms of a common monetary unit of measurement (peso in the philippines)
- 44. ________ income- refers to revenue earned for lending money