Vocab Ch 7 Financial Statements for a Proprietorship Crossword
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
 
 
Down: 1) This accounting concept is applied when financial statements are prepared with the expectation that a business will remain in operation indefinitely.3) A financial statement showing the revenue and expenses for a fiscal period.4) The percentage relationship between one financial statement item and the total that includes that item. An example of this would be the relationship of rent expense to total expenses. Across: 2) This accounting concept is applied when financial statements contain all information necessary to understand a business's financial condition.5) This results when total expenses exceed total revenues.6) This concept is applied when financial statements are prepared at the end of the fiscal period.7) A financial statement that reports assets, liabilities, and owner's equity on a specific date.8) Any persons or groups who will be affected by an action. An example of this would be shareholders or employees in a company that may be impacted by a management decision.9) This results when total revenues exceed total expenses. This term is also known as net profit.
 

 

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