Across
- 3. (The amount of money that remains after expenses are subtracted from revenues)
- 6. (Assets that are expected to be converted into cash within a year)
- 8. (Obligations owed by a business to outsiders)
- 9. (The process of recording financial transactions)
- 11. (Resources owned by a business)
Down
- 1. (The cost of an asset spread over its useful life)
- 2. (The owner’s claim on the assets of the business)
- 4. (Income earned from the sale of goods or services)
- 5. (Financial statement showing revenue and expenses)
- 7. (A company’s legal responsibility for debts)
- 10. (Assets minus liabilities)