Accounting

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Across
  1. 4. Cost incurred in the process of generating revenue
  2. 5. Residual interest in assets after deducting all liabilities
  3. 6. Ability of a business to meet its long-term debts
  4. 8. Official inspection and examination of financial accounts
  5. 9. Book of original entry where transactions are first recorded
  6. 11. Recording revenue or expense before cash changes hands
  7. 14. Allocation of the cost of a tangible asset over its useful life
  8. 15. Ease with which an asset can be converted into cash
Down
  1. 1. A resource owned by a business that holds economic value
  2. 2. Income earned from normal business operations
  3. 3. Entry recorded on the left side of an account
  4. 7. Book or system containing all individual financial accounts
  5. 10. A debt or financial obligation owed to outside parties
  6. 12. Entry recorded on the right side of an account
  7. 13. Funds or assets invested in a business to generate income