Accounts

2. flow / term that describes the inflow and outflow of cash in a business.
5. balance / listing of all accounts in the General Ledger with their balance amount (either debit or credit)
6. payable / all of the expenses that a business has incurred but has not yet paid
10. / Amount of money paid to workers on daily basis
12. / the term that accounts for the loss of value in an asset over time
15. / Money invested by the owner into the business
17. / term used to classify the assets that a company has purchased to sell to its customers that remain unsold
18. / any money earned by the business.
19. / Occurs when expenses exceed revenue

1. / a document that proves payment was made
3. sheet / A financial statement that reports on all of a company’s assets, liabilities, and equity
4. / A term referencing how quickly something can be converted into cash
7. act of buying goods or services
8. / Money taken by the proprietor for personal use
9. debt / The state of being unable to pay the money owed, by a person or a company
11. expense / An expense that been incurred but hasn’t been paid
12. are recorded because of this principle
13. / A Person who owns the business
14. profit / Net sales minus cost of goods sold
16. / the amount paid on a loan or line of credit that exceeds the repayment of the principal balance.