CrossWord Puzzle

2. as old as the history of man
4. It is owned by various persons called stockholders or shareholders
9. an entry recording a sum received, listed on the right-hand side or column of an account
11. as a profession is commonly classified into three main categories: public accounting, private business accounting,and government accounting
12. Ground area used in the operation of the business
13. advance payment for use of facilities (prepaid rent), purchase of supplies (supplies on hand) and right for protection (prepaid insurance)
16. refer to the changes that occur in journal entries that are already recorded
18. records a business transaction in the accounting system for an organization
19. The year and month are not rewritten for every entry unless the year or month changes, or a new page is needed
20. an entry recording an amount owed that is listed on the left side or column of an account
21. are what the business owes to outside parties

1. is a written promise to pay a definite amount at a specified future date
3. amounts owed to creditors for purchase of goods or for services received
5. include cash, stock, property, plant, or equipment -anything the business owns
6. structure occupied by the business
7. It is owned jointly by two or more persons who combined their resources and efforts
8. a columnar statement containing the different types of information required at the end of a trading period
10. barter trade was already in operation
14. amounts or claims from clients/customers resulting from service rendered by the company
15. refers to the owner's investment in an asset after all liabilities have been deducted
17. the commodities or goods that are bought and sold in business