Accounting

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Across
  1. 6. The excess of revenue over expenses
  2. 9. The difference between debit and credit in an account
  3. 10. The process of recording, classifying, and reporting financial transactions
  4. 11. Something valuable owned by a business
  5. 13. The decrease in value of an asset over time
  6. 15. The cost paid to run a business
  7. 18. Money invested by the owner
  8. 19. A debt or obligation that must be paid
  9. 20. A condition when expenses are higher than revenue
Down
  1. 1. A book that summarizes all accounts from the journal
  2. 2. The owner’s right in the business after liabilities are deducted
  3. 3. A book used to record daily transactions
  4. 4. Income earned from business activities
  5. 5. The left side of an account
  6. 7. STATEMENT A report showing a company’s financial performance
  7. 8. A bill issued for goods or services sold
  8. 12. A business activity involving money
  9. 14. The right side of an account
  10. 16. FLOW The movement of cash in and out of a business
  11. 17. BALANCE A list of accounts and their balances to check accuracy