Across
- 3. Essential supplies
- 4. Closing procedure where all financial data is summarized, balances are reconciled, and results are prepared for the reporting period.
- 6. A document detailing an employee's salary, including gross income and any deductions made for taxes and social security, to reflect the final net pay.
- 8. The traditional methodology of recording transactions by hand in accounting and subsidiary books until the acquisition of the computer system
- 10. Mandatory change from physical accounting books to computerized financial management systems
- 11. The estimated residual value subtracted from the acquisition cost of the asset before calculating the periodic expense
- 12. The managerial objective of ensuring that the financial results of the two different accounting systems match accurately, overcoming the difference
Down
- 1. The result of subtracting the cost of goods or services sold from total revenue over a three-month period.
- 2. The systematic allocation of the cost of a fixed asset over its estimated service period
- 5. The numerical concept widely used to express sales volume and workforce proportions
- 7. mathematical measure that represents a part of a whole, divided into 100 equal units, and is expressed as a fraction of 100 or a decimal
- 9. The period of time in which a product, active ingredient, is expected to function optimally, safely and effectively.