4.01 Vocabulary

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Across
  1. 4. Rules that accountants must follow when preparing financial statements
  2. 7. The amount an owner has invested in the business plus or minus profits and losses
  3. 8. A sum of money paid to an investor or stockholder as earnings on an investment
  4. 9. A financial statement that captures the financial condition of the business at that particular moment (assets and liabilities)
  5. 11. Summaries of accounting information; records that show a business’s financial activities
  6. 14. A financial summary that shows how much money the business has made or has lost over a period of time; also called the profit-and-loss statement
  7. 16. Finance activity involving making decisions about financing
  8. 17. Anything of value that a business or individual owns
  9. 18. A company’s worth according to the balance sheet; also called book value
  10. 19. The monies that a business spends; also called expenditures
Down
  1. 1. An individual who has had specialized training in accounting procedures
  2. 2. In business, the function that involves all money and money management matters
  3. 3. The movement of funds into and out of a business; determines the amount of cash the business has to work with at any given time
  4. 5. the amount of money a business has invested in its goods and other property
  5. 6. Finance activity involving making decisions about a firm’s investments
  6. 10. The process of keeping and interpreting financial records
  7. 12. A process or series of steps that businesses complete to maintain their financial records effectively
  8. 13. The money received by resource owners and by producers for supplying goods and services to customers
  9. 15. Debts