Across
- 2. The first step in the accounting process - after you've collected raw data what do you do with it?
- 4. A main purpose of accounting is to aid owners / stakeholders with this. (2 words no space, DM)
- 5. Resources that are owned and/or controlled by the business and will provide a future economic benefit
- 6. The type of liability that means owners are responsible for all debts created by the business.
- 10. The number of people who can own a partnership
- 11. A system used for recording and processing financial information and producing reports for interested parties so they can make informed decisions about the future of the business.
- 13. Refers to the owner’s investment in the business. From the business’ point of view, this investment is a debt owed to the owner.
- 14. Another Name for Accounts Payable - Classed as a liabiltiy
- 16. A stakeholder that operates outside the business
- 17. defined as a business’s legal financial debts or obligations that arise during the course of business operations.
Down
- 1. Another name for an accountant - begins with B
- 3. Data that is numerically based and is measurable.
- 7. A stakeholder that is from within the business
- 8. Profit Gross Profit - Expenses =
- 9. Data that is subjective as it is usually opinion based and struggle to be measured.
- 12. Sales Revenue - Cost of Goods Sold =
- 15. Another Name for Accounts Receivable - classed under current assets