BASIC ACCOUNTING TERMS

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Across
  1. 3. - A detailed account of all cash transactions (8 letters)
  2. 5. - Money that a business owes to others (11 letters)
  3. 7. - An increase in resources resulting from the operation of a business (7 letters)
  4. 8. - Money spent to earn revenue (8 letters)
  5. 10. - The right side of a T-account (6 letters)
  6. 11. - Money invested by the owner in the business (7 letters)
  7. 13. - The left side of a T-account (5 letters)
Down
  1. 1. - The financial outcome when total revenues exceed total expenses (6 letters)
  2. 2. - A statement that shows the financial position of a business (11 letters)
  3. 4. - A decrease in the value of an asset over time (12 letters)
  4. 5. - A systematic record of all transactions relating to a particular account (6 letters)
  5. 6. - A book where daily financial transactions are first recorded (7 letters)
  6. 8. - The owner's claim on the assets of the business (6 letters)
  7. 9. - Money taken out by the owner for personal use (8 letters)
  8. 12. - Resources owned by a business (6 letters)