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Chapter 1 key terms

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Chapter 1 key terms

							1							2

					3								T													4

							5				U
6
7	C
											8							9			10 B		11
					12
																							N
										13																E



																		S

14															O

						15																	C


								16
														A
				17

Across:

1.	where amounts are initially recorded in the accounting records at their cost or purchase price
3.	an economic event or condition that directly changes an entity's financial condition or its results of operations
5.	assets = liabilities + owners equity
7.	an information system that provides reports to users about economic activities and condition of a business
8.	resources owned by a business
12.	moral principles that guide the conduct of individuals
13.	a claim against the customer
14.	limits the economic data in an accounting system to data related directly to the activities of teh business
15.	resembles the basic format of the accounting equation
16.	the liability created by a purchase on an account
17.	organized under state or federal statutes as a separate legal taxable entity (large companies like Apple, Google, Ford etc)

Down:

2.	public accountants who have met a state's education, experience, and examination requirements that perform general accounting, audit, or tax services
3.	a list of the assets, liabilities, and owner's equity as of a specific date, usually at the close of the last day of a month or year
4.	revenue from providing services is recorded this way
6.	one word to define the excess of the revenue over expenses
9.	assets used in the process of earning revenue
10.	an organization in which basic resources, such as materials and labor, are assembled and processed to provide goods or services to customers
11.	the area of accounting that provides external users with information

© 2017 PuzzleFast.com, Noncommercial Use Only

Chapter 1 key terms

1

C

O

S

T

C

O

N

2

C

E

P

T

E

3

B

U

S

I

N

E

S

S

T

R

A

N

S

A

C

T

I

O

N

4

F

A

T

E

L

5

A

C

C

O

U

N

T

I

N

G

E

Q

U

A

T

I

O

N

E

6

E

A

F

S

7

A

C

C

O

U

N

T

I

N

G

I

E

R

C

8

A

S

S

E

T

S

9

E

10

B

11

F

A

N

12

E

T

H

I

C

S

D

X

U

I

R

I

S

P

P

S

N

N

N

H

13

A

C

C

O

U

N

T

R

E

C

E

I

V

A

B

L

E

G

E

B

N

N

N

D

S

E

L

S

E

C

T

I

E

S

I

C

S

S

A

A

L

14

B

U

S

I

N

E

S

S

E

N

T

I

T

Y

C

O

N

C

E

P

T

A

C

C

15

A

C

C

O

U

N

T

F

O

R

M

C

U

O

N

U

16

A

C

C

O

U

N

T

P

A

Y

A

B

L

E

N

A

T

17

C

O

R

P

O

R

A

T

I

O

N

I

T

N

G

Across:

1.	where amounts are initially recorded in the accounting records at their cost or purchase price
3.	an economic event or condition that directly changes an entity's financial condition or its results of operations
5.	assets = liabilities + owners equity
7.	an information system that provides reports to users about economic activities and condition of a business
8.	resources owned by a business
12.	moral principles that guide the conduct of individuals
13.	a claim against the customer
14.	limits the economic data in an accounting system to data related directly to the activities of teh business
15.	resembles the basic format of the accounting equation
16.	the liability created by a purchase on an account
17.	organized under state or federal statutes as a separate legal taxable entity (large companies like Apple, Google, Ford etc)

Down:

2.	public accountants who have met a state's education, experience, and examination requirements that perform general accounting, audit, or tax services
3.	a list of the assets, liabilities, and owner's equity as of a specific date, usually at the close of the last day of a month or year
4.	revenue from providing services is recorded this way
6.	one word to define the excess of the revenue over expenses
9.	assets used in the process of earning revenue
10.	an organization in which basic resources, such as materials and labor, are assembled and processed to provide goods or services to customers
11.	the area of accounting that provides external users with information

© 2017 PuzzleFast.com, Noncommercial Use Only