Across
- 1. generally accepted accounting principles
- 6. designed to collect, document and report financial transactions affecting the business
- 7. buys raw materials and uses machines to transform them into finished products
- 11. a business recognized by law to have a life of its own
- 13. they buy finished and resell them to individuals or other business
- 15. people are able to produce goods and services
- 16. gives a corporation certain rights and privledges
- 17. when the account info is processed by hand
Down
- 2. business owned by two or more people
- 3. provides a needed service for a fee
- 4. when the financial information is recorded by entering it into a computer
- 5. summarized information about the financial status of a business
- 8. person who transforms products or services into real-world businesses
- 9. money
- 10. when business spend more money than they earn
- 12. money that investors, banks, or business owners supply
- 14. business owned by one person