Accounting and Finance

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Across
  1. 7. Records income and expenses when they are earned or incurred
  2. 9. The two sides of an account used to record increases and decreases
  3. 10. A statement showing assets liabilities and owners equity at a specific time
  4. 12. Assets equal liabilities plus owners equity
  5. 13. Standard accounting rules known as generally accepted accounting principles
  6. 14. Money earned from selling goods or services
  7. 15. Accounting that prepares financial statements for outside users
  8. 17. Accounting used by managers to make business decisions
  9. 19. A statement showing how cash moves in and out of a business
  10. 20. The owners share of the business
  11. 21. Income remaining after expenses are subtracted
  12. 22. The management of money and financial resources
Down
  1. 1. A statement showing income and expenses over time
  2. 2. Tracks and analyzes the costs of producing goods or services
  3. 3. The process of recording organizing and reporting financial information
  4. 4. A system where every transaction affects at least two accounts
  5. 5. Money a business owes to others
  6. 6. The step by step process used to record and report transactions
  7. 8. The complete record of all business accounts
  8. 11. Records income and expenses when cash is received or paid
  9. 16. A T shaped tool used to track debits and credits
  10. 18. Anything a business owns that has value