1.6 Accounting Terminology

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Across
  1. 6. book in which all of the transactions of a business are recorded in chronological order
  2. 8. an item that the business owns and uses in the business
  3. 9. money that is paid for products or services to operate a business
  4. 10. record of the amounts deposited into a bank account on a specific date
  5. 11. availability of a liquid asset, such as cash, to a market or a business
  6. 13. document from a bank that shows all of the transactions for a given time period
  7. 14. statement that presents the cash inflows and the cash outflows for a business during an accounting period
Down
  1. 1. statement that shows all of the changes that have occurred within the owner’s equity
  2. 2. detailed list of either goods that are shipped/sold or services that are rendered
  3. 3. money owed for a product or a service
  4. 4. decline in value of an asset over time
  5. 5. plan for a business that lists the expected revenue and the expenses for a given time period
  6. 7. a listing of all of the physical assets of a business operation
  7. 12. an order to a bank to pay an amount from the depositor’s account to another individual or business