Accounting Introduction

4. Costs incurred by a business
6. Money owed by the business to suppliers
7. A document that provides evidence of goods ordered from a supplier
8. Treats the owner of a business and the business itself as two separate identities
11. Evidence that a transaction has taken place
12. Goods a business buys for resale to customers
13. Amounts owed by a business
16. The process of identifying, recording, measuring, communicating and interpreting financial information

1. A document that provides evidence of money received
2. Asset nature
3. Income earned by a business
5. Money owed by customers to the business
6. Items of value owned by a business
9. The process of grouping individual accounts into similar categories
10. Accepted to be true
14. Individual records showing all increases and decreases in the financial value of each item in a business
15. Shows the mathematical relationship between the assets, liabilities and owner's equity of a business