Accounting

3. The amount of money paid to employees for their work.
7. Income earned by a business from its operations.
8. The movement of cash in and out of a business.
11. A financial statement that shows a company's revenues, expenses, and net income or loss for a specific period.
13. Revenues or expenses that have been earned or incurred but not yet recorded.
14. Costs incurred by a business to generate revenue.
15. Anything owned by a business that has value and can be used to generate revenue.
16. The process of examining a company's financial records to ensure accuracy and compliance with laws and regulations.
17. The process of calculating and paying taxes owed to the government.
18. The book where transactions are initially recorded in chronological order.
21. A financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
22. The main accounting record that contains all of a company's accounts.
23. Debts or obligations that a business owes to others.
24. The process of allocating the cost of a long-term asset over its useful life.

1. The value of an asset as recorded on a company's balance sheet.
2. The portion of a company's earnings that is not paid out as dividends but is kept and reinvested in the business.
4. A system of accounting that requires every transaction to be recorded with equal debits and credits.
5. Reports that summarize a company's financial performance and position.
6. Entries on the right side of an account in double-entry accounting.
8. The cost of producing or acquiring the goods that a company sells.
9. The goods or materials that a company has on hand to sell or use in production.
10. The money invested in a business by its owners.
12. A list of all the accounts in the general ledger with their balances, used to check for accuracy.
19. Entries on the left side of an account in double-entry accounting.
20. The portion of a company's value that is owned by shareholders.