Across
- 1. Money a business is owed by customers for products or services sold on credit.(Twowords)
- 5. Long-term assets, like buildings or machinery, that are not easily converted into cash.(Twowords)
- 7. An entry in the books of accounts showing money taken from an account, usually when making a purchase or paying a bill.
- 9. The movement of money into and out of a business, showing how well it can pay its bills.
- 10. Money or assets used to start or maintain a business.(Twowords)
- 11. A financial statement that shows a company’s assets, liabilities, and shareholder equity at a specific point in time.(Twowords)
- 13. A record provided by a bank showing all transactions in an account over a set period.
- 15. A situation where expenses are greater than income, resulting in a loss.(Twowords)
- 16. Accounting that involves investigating financial records to uncover fraud, embezzlement, or other financial crimes.(Twowords)
- 17. Things that a business owns or controls that have value, like cash, equipment, or property.
- 18. An official examination of a company’s financial records to ensure accuracy and compliance.(Twowords)
Down
- 2. The costs a business or person pays to run or maintain operations, such as rent, salaries, or utilities.
- 3. Money earned through work or services, like salary, wages, or tips.
- 4. A complete record of all financial transactions in a business.
- 6. Money a business owes to suppliers or creditors for goods or services received.(twowords)
- 8. The money left after paying for necessary expenses like taxes and bills, available for spending or saving.(Twowords)
- 12. The value of ownership in a business, calculated as assets minus liabilities.
- 13. A plan that outlines how much money a business or person will spend and save over a certain period.
- 14. A professional accountant who has passed exams and met other state requirements to offer accounting services.
- 17. Recording income or expenses when they happen, rather than when the cash is received or paid.