ACCOUNTING

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Across
  1. 4. Costs incurred in operating a business.
  2. 5. A record of a specific asset, liability, equity, revenue, or expense.
  3. 7. A collection of all accounts used by a business.
  4. 8. Loss Occurs when expenses exceed revenue.
  5. 9. Income Amount remaining after expenses are deducted from revenue.
  6. 10. An entry on the right side of an account.
  7. 11. An entry on the left side of an account.
  8. 13. The book where transactions are first recorded.
  9. 14. An amount owed by a business.
Down
  1. 1. The process of recording and reporting financial information.
  2. 2. Equity The owner's claim on the business assets.
  3. 3. Income earned from selling goods or services.
  4. 5. Anything valuable owned by a business.
  5. 6. A business event that affects financial records.
  6. 12. Balance A list of account balances used to check accuracy.