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Accounting I

Name _________________________________
Horizontales
Acid test ratio
Inflow of assets as a result of selling a product or providing a service
A check that has been paid by the bank & returned to the drawer for recordkeeping.
Amount owed to creditors: claims of creditors to the assets of a business.
Cash received by a business in a single transcription.
Verticales
The amount by which current assets exceed current liabilities.
Length of time the borrower has to repay a promissory note.
Tax levied on the earnings of individuals & businesses by federal, state, and local government
An amount paid to an employee based on a percentage of the employee's sales.
The review of a company's accounting systems & financial statements to confirm that they follow generally accepted accounting principles.
Non sufficient funds