PROJECT IN TLE

1. are reported on the balance sheet usually at cost or lower.
3. is the total assets of an entity, minus its total liabilities.
4. refers to the cost of repairing or servicing assets like equipment and building.
5. and coins)
6. cash or other asstes by the owner of the business for his personal use.
7. are accrued expenses.
9. describes how much financial resources and obligations the business has and the interest of its owner or owners.
11. amounts paid for the use of electricity.
15. is a financial statement designed to determine the result of business operations.
21. used when referring to movable items that are acquired.
25. turnover is income that a company receives from its normal business activities
27. is the money spent or cost incurred in an entity's efforts to generate revenue.
28. refers to items used to perform office functions.
30. refers to revenue earned as a result of providing professional service.
31. defined as an obligation of an entity arising from past transactions or events
32. obligations to suppliers for items bought on credit by issuinh a promisorry note.
34. minor income earned from various activities other than the business' main source.
35. account title refers to revenue derived from sale of goods.

1. obligations to suppliers for items bought but not yet paid.
2. refers to the cost of transporting/shipping in of goods during its acquisition by the business.
4. refers to the different minor expenses incurred and for which no specific account title has been adopted.
8. amounts paid for the use of water.
10. expenses already incurred.
12. use for business.
13. refers to the cost of using space for office of business.
14. heavy equipment that performs certain functions.
16. papers,pens,ink,erasers etc and the like which are still unused.
17. terms used to identify specific elements of accounting to be used in the process of recording transactions.
18. refers to cost of borrowing money used by the business.
19. goods acquired for sale and are still unsold.
20. are obligations of the company; they are amounts owed to creditors for a past transaction
22. wheeled items that are used to transport goods.
23. refers to revenue earned for lending money.
24. refers to amounts paid to employees.
26. collectibles from services rendered or goods sold to them on credit.
29. refers to the cost of transporting/shipping out goods to customers.
33. initial or additional investment of cash or other assets.