Felipe- Chapter 2 vocab

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Across
  1. 2. gives corp certain rights/ privaleges
  2. 3. basic and necassary
  3. 8. fin info enter in computer
  4. 10. provides need service for a fee
  5. 16. summ info ab financial status
  6. 17. business rec by law to have its own life
  7. 20. generally accepted accountin principle
  8. 21. behavior
  9. 22. $ investors, banks, business owners supply
  10. 23. accouting cycle/ time cov by acc repor
  11. 25. business spends more money then they have
  12. 26. $ earned over/above am spent keep busi operating
  13. 27. reporting to manage/ internal user
Down
  1. 1. collect docs/ report fin transactions
  2. 4. transforms ideas to real-world-business
  3. 5. business owned by 1 person
  4. 6. buys finished products/ resells
  5. 7. free to produce goods/services
  6. 9. exisits ind of its owners holdings
  7. 10. enough/ adequete
  8. 11. to become liable or subject too
  9. 12. particular, definite, named individualy
  10. 13. reporting info to external users
  11. 14. buys raw materials/to finish prod
  12. 15. unless evidence/ bus has ab to survive
  13. 18. acc info processed by hand
  14. 19. business owned by 2 or more people
  15. 24. degrees of loudnesss