Accounting Vocab

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Across
  1. 4. a record of transactions or receipts, including purpose or when
  2. 7. a person who organizes and operates a business that may be financially risky
  3. 9. shares by companies that represent ownership in company
  4. 14. 12-month period that starts january 1st and ends December 31st
  5. 17. owners equity+liabilities=assets
  6. 18. money that your business owes and haven’t paid yet
  7. 19. a record of a transaction happening
  8. 20. accountant for bookkeeping
  9. 21. set of financial records that use double entry bookkeeping
  10. 26. total amount of money brought by other businesses, lost 10,00 in revenue
  11. 27. 9 step process that tracks, records, and analysis financial transactions
  12. 30. entitles a creditor to receive payment
  13. 33. removing funds from a business account
  14. 35. list of goods sent or services provided
  15. 36. business that is out for money
  16. 38. person or company you owe money to
  17. 41. an inspection of a person's accounts or organizations accounts
  18. 42. one year period that organizations use to provide budgets and financial reports
  19. 44. companies assets that'll be claimed by owner or owners
  20. 45. one side of an account where increases or positives go
  21. 46. first place where data is recorded
  22. 47. enter something in an accounting book
  23. 49. financial transaction between two parties that’s an exchange of goods, money
  24. 50. a non registered, unincorporated business run by a single person that owns and manages the business
  25. 51. any debts your company has
Down
  1. 1. system of bookkeeping where every transaction is recorded in at least 2 accounts
  2. 2. the cost that you spent on something
  3. 3. legal documents that set up corporate companies
  4. 5. buys products and resells them to consumers
  5. 6. makes or provides services
  6. 8. investing money for profit
  7. 10. money that’s owed to a business by customers on credit
  8. 11. something that belongs to someone
  9. 12. the money that a business needs to thrive
  10. 13. a business that help a wide range of clients, with anything related to accounting
  11. 15. that's not for money
  12. 16. a legal form of business that protects its owners from a loss that is more than the investment
  13. 22. a document that shares financial information with clients and employees
  14. 23. entry recorded and amount owed
  15. 24. obtain good or service before payment
  16. 25. an accountant that is certified and practices public accounting
  17. 28. list of all accounts you use to record financial transactions
  18. 29. spend more than you are earning in the business, also called net loss
  19. 31. uses additional parts and/or raw materials to finish a good
  20. 32. A document that comes with a paycheck, that has information about employees earnings, deductions, and net pay
  21. 34. the government doesn’t have or place many restrictions on a business that is private
  22. 37. a relationship between two or more people to do trade or business
  23. 39. a document that proves that a transaction happened
  24. 40. account or record used to store bookkeeping entrees for transactions, balance sheet
  25. 43. a record of all transactions
  26. 48. the amount you earned, taking out the amount you spent on the product or business