Ch 16 Intro to Business

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Across
  1. 4. Indicates the flow of cash through a business. Businesses prepare cash flow statements to view where money in their business goes, or where it is allocated
  2. 7. The amount of money required to launch business activities
  3. 8. A full record of all of the accounts and transactions in those accounts
  4. 10. The system of recording, summarizing, and analyzing business and financial transactions
  5. 11. The prediction of how much revenue a business will acquire through sales within a set period of time
  6. 12. A detailed estimate of income and expenses for a specific period of time
  7. 13. A budget that projects a business’s cash flow
  8. 15. Balance due from a debtor on a current account
  9. 16. An evaluation of a business’s financial records to ensure that they are accurate and that standard accounting principles were used
  10. 17. A list of a business’s employees and how they are to be compensated
Down
  1. 1. Financial statements that detail a company’s financial performance by showing revenue and expenses over a period of time
  2. 2. A prediction of how much revenue will be generated and how much in expenses a business will pay in a future amount of time
  3. 3. Financial statement used by all types of businesses to detail assets, liabilities, and owner’s equity at one specific moment in time
  4. 5. A method of recording transactions that log both credits and debits of every transaction
  5. 6. Balance due to a creditor on a current account
  6. 9. A detailed record that displays business transactions in chronological order
  7. 14. A relationship between different components of a financial statement that indicates the state of finances in a business