chapter 5 angel T

8. A business that moves goods from one company to another.
10. Sells goods directly to the final consumer.
13. A written contract to operate a business and sell products/services.
14. A listing of account names and numbers, identifying their type (asset, liability, etc.).
18. A written statement of a business's purpose and goals.
20. A company's capacity to pay its debts.
21. A business owned and run by one person.
23. A ledger containing individual accounts with common characteristics.
24. Organizations owned and operated by their members.
25. A diagram detailing company structure and reporting relationships.

1. The number of employees reporting to a manager.
2. Reduction in customer debt due to returned merchandise.
3. A business that gathers raw goods.
4. A business that produces finished products.
5. A business owned/controlled by two or more people with a written agreement.
6. A new, risky business undertaking.
7. General ledger account that summarizes subsidiary ledger balances.
9. Unsold merchandise at the end of an accounting period.
11. Recognizing a business opportunity, testing it, and gathering resources.
12. A separate legal entity formed by state documents.
15. Recording the transfer of income statement figures to the balance sheet.
16. Total charged to customers for goods sold.
17. Owner is fully responsible for all business debt.
19. Revenue minus expenses.
22. Uncollectible account, requiring reversal of previously recorded income.