Accounting

5. The process of recording, classifying, and summarizing financial transactions.
7. To make smaller in amount or value.
9. To make larger in amount or value.
11. Receivable: Money owed to a business by its customers.
15. Wealth in the form of money or other assets owned by a business.
17. The owner's financial interest in the company.

1. Costs incurred in the process of earning revenue.
2. Sheet: A financial statement showing a company's assets, liabilities, and owner's equity at a specific point in time.
3. Funds taken out of a business by the owner for personal use.
4. A business owned by one person.
6. Payable: Money a business owes to suppliers or creditors.
8. A company's debts or obligations.
10. Anything of value owned by a business.
12. A record that summarizes all transactions related to a particular item.
13. An event that affects the financial position of a company.
14. Income generated from business activities.
16. Equation: Formula that shows the relationship between assets, liabilities, and owner's equity.