Across
- 2. principal revenue of both the merchandising and manufacturing
- 3. uses financial information as a measure for making future financial decisions and a measure of its effectiveness
- 5. proprietorship, it is owned by one person known as as entrepreneur(the simplest form of organization)
- 8. defined as the gross economic inflow of economic benefit (also called revenue)
- 9. business owned by five or more persons whose ownership is evidenced by shares of stocks
- 10. also called income
- 11. things of value that are owned and used by the enterprise in its operation (puts money in your pocket)
- 14. the language of business
- 16. systematic and chronological recording of the financial of an enterprise
- 18. cost of the land where building stands
- 20. obligations that the firm owes (takes money out of your pocket)
Down
- 1. an association of two or more persons to carry on as co-workers of a business for profit
- 4. equity, represents the investment of the owner in the business
- 6. oftentimes referred to as the cost of earning revenues
- 7. currencies and cash equivalents either on hand or deposited in the bank
- 12. Pacioli, father of modern accounting
- 13. refers to the amount of cash or value of the property that the owner vested in the enterprise but later withdrawn for personal use
- 15. she/he is interested to know whether she/he is getting a fair return of his investment
- 17. total initial or additional investments made by the owner
- 19. cost of the building owned and being used by the business