Vocabulary Crossword Lesson 4

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Across
  1. 3. detailed plans for the financial needs of a business
  2. 4. sheet a report that lists a company’s assets, liabilities, and owner’s equity
  3. 7. budget an estimate of the actual money received and paid out for a specific period of time
  4. 9. budget plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable
  5. 10. budget describes the financial plan for ongoing operations of the business for a specific period of time
  6. 11. records financial documents that are used to record and analyze the financial performance of a business
  7. 12. costs of operating a business
Down
  1. 1. equity the value of the business after liabilities are subtracted from assets; the value of the owner’s investment in the business
  2. 2. all income that a business receives over a period of time
  3. 5. what a company owns; anything of value owned by a business
  4. 6. what a company owes
  5. 8. statement a report of revenue, expenses, and net income or loss from operations for a specific period