Across
- 2. Is the amount borrowed or lent.
- 5. Is technically defined as the process of recording the business transaction in a chronological order.
- 6. Deductions from the invoice costs to encourage costumers to pay early.
- 9. Often called the Language of business.
- 10. Is a document prepared for sales on account only.
- 13. Is another general term used to designate income.
- 14. When there is one debit and one credit entry.
- 15. Used when an asset account is debited at the time of payment.
- 16. Is the date on which the note is to be paid.
- 20. A column in the journal and in the ledger that shows the cross-referencing in the posting process.
- 24. A document evidencing the deposit of money in the bank.
- 26. General term to mean any earning made by the business.
- 28. A group of controlling accounts.
- 30. Shows accounts with open balances.
- 37. Property or rights on property owned by the business.
- 39. Deductions from the list price to encourage buyers to buy more.
- 40. Book of original entry.
- 41. Business paper showing that your account has been produced by items that are charged against you.
- 43. Is a record kept for each asset,liability,owner's equity,income and expense items.
- 45. Is a business document which evidence sale of service or merchandise for cash only.
- 46. Process of transferring the information from the journal to the ledger.
- 47. The amount paid for the use of money.
- 49. Document which evidence of payment.
- 50. Sometimes called combination journal.
Down
- 1. Is the amount to be paid on its maturity date.
- 3. Recording showing the details of general ledger account.
- 4. A list of account titles used by the bookkeeper as a guide in recording business transactions.
- 7. Refers to small items of equipment like pliers,hammer,screwdrivers, etc.
- 8. Is the date when the note is drawn.
- 11. Is issued when payment is made form the cash deposited in the bank.
- 12. When journal entry has two or more debits and/ or two or more credits.
- 17. Is the examination of financial statements by an independent certified public accountant for the fairness of the financial statements.
- 18. A written promise made by maker promising to pay a person called payee.
- 19. Shows the balance of an account brought about by the business transactions.
- 21. Book of final entry.
- 22. Type of trial balance which shows the debit totals and credit totals of all accounts in the general ledger.
- 23. Is the person to whom payment is to be made.
- 25. An organization owned by only one person.
- 27. Refers to the preparation of annual income tax returns and other services related to taxation.
- 29. Terms that shows the withdrawal of cash or other items form the business by the owner.
- 31. Is the body authorized by law to make rules and regulations involving the practice of the profession in the Philippines.
- 32. Is the length of time that covers the business transaction being reported upon.
- 33. Is a business paper issued by the seller to the buyer when the buyer returns the thing bought or asks for an allowance for the defect on the thing.
- 34. Document which evidences receipt of cash.
- 35. Refers to land space owned by the business.
- 36. Statement that gives the financial condition of a business as of a given date.
- 38. Process of recording the business transaction in the journal.
- 42. Is the person who promises to pay the note.
- 44. Business document that shows the name of the supplier,the items bought and the other terms and conditions surrounding the purchase.
- 48. Term to denote income derived from the sales of goods.