Accountancy

2. the amount paid for insurance
4. an amount entered on the left side of a T-account
7. a business that sells to retail businesses
10. the amount of money borrowed on a promissory note or bond
11. makes choices and decisions; prepares and explains financial statements
12. person who keeps all the accounting records for a small to medium sized business
13. report of final balances in asset, liability and capital accounts

1. initially, money invested in a business by an owner; later, value of the owner's equity
3. a business that sells to the final user (consumer)
5. income earned by a business from the sale of goods and/or services
6. one who has a claim to a business' assets; one to whom money is owed
8. series of activities completed during a fiscal period to keep records
9. tool used to show increase or decrease resulting from a transaction