Introduction To Accounting

Name: ______________________   Date: ____________

Use the clues to fill in the crossword.

Across

  1. 3. A record of the financial situation of an institution on a particular date by listing its assets (12)
  2. 4. The act of making something from raw materials (13)
  3. 5. A political or theological orientation advocating the preservation of the best in society (12)
  4. 6. Termination of a business operation by using its assets to discharge its liabilities (11)
  5. 7. A collection of rules and procedures and conventions that define accepted accounting practice (4)
  6. 11. A business firm whose articles of incorporation have been approved in some state (11)
  7. 13. A person who owes a creditor (6)
  8. 14. An obligation to pay money to another party (9)
  9. 16. Work done by one person or group that benefits another (7)

Down

  1. 1. Wealth in the form of money or property owned by a person or business and human resources (7)
  2. 2. The exchange of goods for an agreed sum of money (13)
  3. 8. A contract between two or more persons who agree to pool talent and money and share profits (11)
  4. 9. Someone who records the transactions of a business (10)
  5. 10. The state in which a substance exhibits a characteristic readiness to flow with little or no (9)
  6. 12. To examine carefully for accuracy with the intent of verification (8)
  7. 15. A useful or valuable quality (5)