Financial Statements

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Across
  1. 1. represents the residual interest of the owner to the business
  2. 4. activities comes from the receipts of cash from customers and payment of expenses
  3. 5. is another term for income
  4. 6. assets are also the property, plant and equipment accounts
  5. 9. represents what the company owns
  6. 10. statement shows the balance of the owner’s equity account at any given point of time
  7. 11. are what the company owes
  8. 14. comes from the owner’s investments and withdrawals and borrowing and repayment of loans
  9. 15. of cash represent usage of funds
Down
  1. 1. are necessary to be incurred to earned income
  2. 2. comes from the acquisition and disposal of fixed assets
  3. 3. assets are assets of the business
  4. 7. statement shows the sources and usage of funds
  5. 8. sheet shows the financial condition of the business
  6. 12. of cash represents sources of funds
  7. 13. Statement shows the result of operation of the business