Accounting terms

2. A written document that acts as proof of a financial transaction.
4. The financial deficit that occurs when total expenses are greater than total revenue.
5. Money or goods taken out of the business by the owner for personal use.
8. Goods bought by a trading business specifically for the purpose of reselling them.
12. A reduction in the standard price of goods given to encourage quick payment or large orders.
13. The money, assets, or resources invested into a business by its owner.
14. A business unit that is treated as separate and distinct from its owners.
16. Valuable economic resources owned by a business that bring future financial benefits.
17. The physical items or merchandise that a business buys and sells to make money.
18. A transaction or happening that changes a business's financial position.

1. Another term for stock
3. The daily costs incurred to run the business and generate revenue
4. What a business owes to outsiders
6. A profit made from a non-routine transaction for more than it's worth.
7. The financial gain left over when a company’s total revenues are higher than its total expenses.
9. A partial refund or price deduction given to a buyer after the transaction has taken place.
10. The goods and materials a business currently holds, waiting to be sold.
11. Revenue earned from selling goods or providing services to customers.
15. The total money earned by a business from its operations
16. A record in the financial system used to track the increases and decreases of a specific item.