Across
- 4. occurs when something that has value is exchanged for something else that has value
- 5. debts owed to others
- 6. recording assets at the price the business paid to acquire them
- 9. method of recording all transactions for business in a specific format
- 10. process of recording analyzing and interpreting the economic activities of business
Down
- 1. movement of cash in and out of business
- 2. something of value that is owned by a person or a business
- 3. shows the financial position of a business on a certain date
- 7. money that is left after you subtract cost of goods sold and expenses from revenue
- 8. measures how much money a business made or lost over period of time