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MOD110 -TERMINOLOGY (WK2)

TERMINOLOGY HOMEWORK
Across
An item that is owned by a business and will provide future benefits.
A type of ownership structure in which more than one person owns the business.
A type of ownership structure in which stockholders own the business. The owners’ risk is usually limited to their initial investment, and they usually have very little influence on the business decisions.
Telling the results of the financial information
The decrease in assets (or increase in liabilities) as a result of efforts to produce revenues.
Down
Something owed to another business entity.
The amount a business charges customers for products sold or services performed.
Sorting and grouping similar items together rather than merely keeping a simple, diary-like record of numerous events
Withdrawals that reduce owner’s equity as a result of the owner taking cash or other assets out of the business for personal use.
Bringing the various items of information together to determine a result.