Accounting vocabulary
Across
- 7. Long-term debts like loans and bonds
- 8. Long-term resources like buildings and vehicles
- 10. Obligations or debts owed by the business
- 11. Owner's investment in the business
- 12. Short-term resources like inventory and cash.
Down
- 1. Physical assets that can be touched or seen.
- 2. Accounts of customers who buy on credit.
- 3. Short-term debts due within a year
- 4. A collection of accounts for recording transactions
- 5. Costs directly related to core business activities.
- 6. Remaining amount after expenses from revenue.
- 9. Costs incurred during business operations.