Across
- 3. Assets taken by the owner for personal use
- 5. When revenue is greater than expenses
- 7. A company whose shares are available to the publi
- 8. A business owned by two or more people
- 10. An asset expected to be used for more than one accounting period
- 12. When expenses are greater than revenue
- 13. Funds invested into the business by the owner
- 15. A liability due to be paid within 12 months
- 17. Income earned from normal business activities
Down
- 1. The assumption that a business will continue operating
- 2. The rule that only transactions measurable in money are recorded
- 4. A liability not due to be paid within the next 12 months
- 6. An asset expected to be used or converted into cash within 12 months
- 9. The idea that a business is treated as separate from its owner
- 11. A business owned and operated by one person
- 14. A company with restricted ownership of shares
- 16. A cost incurred in earning revenue