basic of accounting

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Across
  1. 3. Sheet – A financial statement that shows a company’s financial position at a given time (12 letters)
  2. 6. Asset – Long-term assets such as buildings and equipment (10 letters)
  3. 7. – A cost incurred in generating revenue (7 letters)
  4. 9. – The right side of an account (6 letters)
  5. 10. Expense – An expense paid in advance (14 letters)
  6. 12. – The left side of an account (5 letters)
  7. 13. – The ability to quickly convert assets to cash (9 letters)
Down
  1. 1. – The book where transactions are first recorded (7 letters)
  2. 2. – The cost of borrowing money (8 letters)
  3. 4. – Resources owned by a company (6 letters)
  4. 5. – The income earned by a company (7 letters)
  5. 8. – Wealth used to start or maintain a business (7 letters)
  6. 11. – An official inspection of a company's accounts (5 letters)