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CR
ACCOUNTING RULES
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Assets: Things of value to a business.
Liabilities: Future obligations of a business.
Common Stock: A certificate given to an owner as proof of his investment (2 words).
Retained Earnings: This account represents the earnings of a business (profit) that is kept in the business since the business began operations (2 words).
Expenses: Costs that are incurred in the earnings process and are recorded through a decrease in assets and a decrease in retained earnings.
Dividends: A transfer of wealth from the business to the stockholder.
Revenue: Providing goods and/or services to customers in the course of operating a business.
Balance Sheet: A financial statement that reports the assets, liabilities, and stockholders' equity balances of a business on a particular day (2 words).
Income Statement: A financial statement that reports revenues and expenses (2 words).
Stockholders Equity: Assets = Liabilities + __________________ __________________.
ACCOUNTING RULES
Across:2. | This account represents the earnings of a business (profit) that is kept in the business since the business began operations (2 words). | 4. | A certificate given to an owner as proof of his investment (2 words). | 6. | A financial statement that reports the assets, liabilities, and stockholders' equity balances of a business on a particular day (2 words). |
| 7. | Assets = Liabilities + __________________ __________________. | 10. | Future obligations of a business. |
| | Down:1. | Costs that are incurred in the earnings process and are recorded through a decrease in assets and a decrease in retained earnings. | 3. | Things of value to a business. | 5. | Providing goods and/or services to customers in the course of operating a business. |
| 8. | A financial statement that reports revenues and expenses (2 words). | 9. | A transfer of wealth from the business to the stockholder. |
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© 2016
PuzzleFast.com, Noncommercial Use Only
ACCOUNTING RULES
Across:2. | This account represents the earnings of a business (profit) that is kept in the business since the business began operations (2 words). | 4. | A certificate given to an owner as proof of his investment (2 words). | 6. | A financial statement that reports the assets, liabilities, and stockholders' equity balances of a business on a particular day (2 words). |
| 7. | Assets = Liabilities + __________________ __________________. | 10. | Future obligations of a business. |
| | Down:1. | Costs that are incurred in the earnings process and are recorded through a decrease in assets and a decrease in retained earnings. | 3. | Things of value to a business. | 5. | Providing goods and/or services to customers in the course of operating a business. |
| 8. | A financial statement that reports revenues and expenses (2 words). | 9. | A transfer of wealth from the business to the stockholder. |
| |
© 2016
PuzzleFast.com, Noncommercial Use Only