BAF3M - Test #1 (Chapters 1-3) Review

1234567891011121314
Across
  1. 1. The income ______ shows revenue and expenses over a time period.
  2. 4. The left side of an account.
  3. 5. A student's allowance would be a source of ______ for him.
  4. 11. The debts a business owes.
  5. 12. Statement showing assets, and liabilities is the _____ sheet.
  6. 13. Revenue - Expenses = ___ Income
  7. 14. A business that does not sell goods is a ______ business.
Down
  1. 2. Items on the left side of the balance sheet.
  2. 3. Money owed to a business is called its ______
  3. 6. Accounting GAAP that focuses on expense accounts.
  4. 7. The value of the business is call the owner's _____.
  5. 8. The income of business can also be called its _____.
  6. 9. Expenses that remain constant are _______ expenses.
  7. 10. A creditor would be part of a company's accounts _____.