Accounting Vocabulary
Across
- 3. value a company has after it's assets
- 6. someone that owes money
- 7. things that belong to a company
- 9. part of profit paid to shareholders
- 12. money owed to a supplier or lender
- 13. when illegal activity is suspected
- 15. someone that lends money
- 16. a book/collection of financial accounts
- 18. unable to pay debts
- 19. examining company's systems of control
- 20. recording both sides of a transaction
- 21. owners of a company through share purchase
- 22. false result, artificially high profit
Down
- 1. day-to-day recording of transactions
- 2. gradual loss of value of an asset
- 4. deliberately false information
- 5. asset's value= money received when sold
- 8. amount paid to lender on capital borrowed
- 10. when a company can't repay it's debt
- 11. rules that define accounting procedures
- 14. the action of buying/selling something
- 17. statement of assets/liabilities/capital