Across
- 3. A summary of accounting information
- 7. Anything of value that a business owns
- 10. A financial summary that shows how much money the business has made or has lost; also called the profit-and-loss statement
- 12. In business, the function that involves all money and money management matters
- 13. An individual who has had specialized training in accounting procedures
- 14. Money received by a business or an individual from outside sources
- 15. The total value of the business
Down
- 1. Rules that accountants must follow when preparing financial statements
- 2. The process of keeping financial records
- 4. Finance activity involving making decisions about financing
- 5. The monies that a business spends; also called expenditures
- 6. The amount an owner has invested in the business plus or minus profits and losses
- 7. A process or series of steps that businesses complete to maintain their financial records effectively
- 8. A sum of money paid to an investor or stockholder as earnings on an investment
- 9. A financial statement that captures the financial condition of the business at that particular moment
- 11. Debts that the business owes