Michael/Eliseo-Accounting

2. A complete record of all financial transactions in a business.
4. The movement of money into and out of a business, showing how well it can pay its bills.
6. Money earned through work or services, like salary, wages, or tips.
8. Money or assets used to start or maintain a business.
11. The money left after paying for necessary expenses like taxes and bills, available for spending or saving.
16. The value of ownership in a business, calculated as assets minus liabilities.
17. An official examination of a company’s financial records to ensure accuracy and compliance.
19. A financial statement that shows a company’s assets, liabilities, and shareholder equity at a specific point in time.
20. Money a business is owed by customers for products or services sold on credit.

1. Long-term assets, like buildings or machinery, that are not easily converted into cash.
3. Things that a business owns or controls that have value, like cash, equipment, or property.
5. Accounting that involves investigating financial records to uncover fraud, embezzlement, or other financial crimes.
7. Recording income or expenses when they happen, rather than when the cash is received or paid.
9. An entry in the books of accounts showing money taken from an account, usually when making a purchase or paying a bill.
10. A situation where expenses are greater than income, resulting in a loss.
12. Money a business owes to suppliers or creditors for goods or services received.
13. A professional accountant who has passed exams and met other state requirements to offer accounting services.
14. The costs a business or person pays to run or maintain operations, such as rent, salaries, or utilities.
15. A record provided by a bank showing all transactions in an account over a set period.
18. A plan that outlines how much money a business or person will spend and save over a certain period.