Across
- 5. Example: Salaries, cost of goods, shipping costs, utilities
- 8. Ability to pay obligations expected to become due within the next year or operating cycle
- 9. Goods available for future sales or use in service for customers
- 11. the basic form of an account
- 12. Land lease, building mortgage
Down
- 1. The right side of an account
- 2. A record of all accounts maintained by the organization and their amounts.
- 3. The left side of an account
- 4. cash, property, plant and equipment
- 6. Increase in assets or decrease in liabilities
- 7. Cash payments made to stockholders
- 10. Set of accounting standards that have authoritative support