Accounting Terms

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Across
  1. 3. stacked-up or piled-up over time
  2. 6. is when a company takes another smaller company
  3. 8. is official examination of records to verify their accuracy
  4. 9. everything a company owns for a long time and used to run the business
  5. 10. the money a company owes to another company or person
  6. 12. phrase used when a company buys fixed assets
  7. 15. company owns forever
  8. 16. is decrease in the value
  9. 20. lists all assets and liabilities for a period of time
  10. 21. a person that calculates rates, using risk factors
  11. 25. another word for cost
  12. 26. the income from business activities
  13. 27. another word for loss
Down
  1. 1. is systematic payment over time
  2. 2. record summarizing financial activities
  3. 4. is money or assets invested at the beginning
  4. 5. shows all company’s sales and all costs for a period of time
  5. 6. everything a company owns that has positive value
  6. 7. is increase in the value
  7. 11. is boss of bookkeeper
  8. 13. another word for profit
  9. 14. is recording of all the entries of a business in its records
  10. 17. set aside (money or time) for later
  11. 18. the inability to pay your debts
  12. 19. is money flowing into an account
  13. 22. is money flowing out of your account
  14. 23. something (money)that is owed
  15. 24. only had a right for a number of years