Accounting

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