Across
- 4. Often clerical in nature and concerned with routine matters
- 5. A special form of business that is considered a type of legal person or legal entity
- 8. Process of gathering and preparing financial information about a business/organization to provide accurate and useful records in order to make informed decisions
- 10. A business enterprise, the equity of which belongs entirely to one person
- 12. Serves the general public for a fee in the same way as a doctor or a lawyer does
- 13. Recurring set of accounting procedures carried out during each fiscal period
- 15. A form of business in which more than one person shares in the ownership and operation of a business
- 17. Equal amounts of time
Down
- 1. A business that buys raw materials, converts them into a new product, and sells these products to earn a profit (ex: paper mill)
- 2. Has met the requirements of at least one of the three accounting organizations in Canada
- 3. A business that does not make or sell a product as its main activity, rather it sells a service to the public (ex: tutoring company)
- 6. An organization that works to meet social needs and not for a financial profit (ex: Canadian Cancer Society)
- 7. Professional person who develops and maintains accounting systems, interprets data, prepares reports, and supervises the work of other employees
- 8. Employee who ensures that transactions are properly recorded and that supporting documents are present and correct. Carries out routine calculations and banking transactions
- 9. A business that buys goods and resells them at a higher price for a profit (ex: grocery store)
- 11. A business that produces materials directly from natural sources (ex: farm)
- 14. A special form of business that is owned by share-holders (also known as a Limited Company)
- 16. Examination and testing of the books, records, and procedures of a business in order to be able to express an opinion about its financial statements