Business & Marketing Essentials - Accounting

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Across
  1. 4. The process of keeping financial records
  2. 8. A financial summary with estimates as to when, where, and how much money will flow into and out of a business
  3. 9. A financial statement that captures the financial condition of the business at that particular moment
  4. 11. An individual who has had specialized training in accounting procedures
  5. 12. The listing of a business’s different accounts and their current balances
  6. 14. Debts that the business owes
Down
  1. 1. A special book or computer program in which a business’s transactions are recorded in the order in which they occur
  2. 2. The steps of the accounting cycle that involve recording each business transaction; the process of analyzing financial transactions, journalizing transactions, posting to ledgers, and balancing the books
  3. 3. The methods and procedures used in consistently handling the business’s financial information
  4. 5. Those who invest their funds in a business; may be owners or stockholders
  5. 6. The amount an owner has invested in the business plus or minus profits and losses
  6. 7. A type of accounting that involves preparing and reporting financial data to internal users
  7. 10. A financial summary that shows how much money the business has made or has lost; also called the profit-and-loss statement
  8. 11. Anything of value that a business owns
  9. 13. The accounting record for a specific department or area of the business