Across
- 3. clerk a professional who is responsible for maintaining financial records, running reports, and recording a wide range of transactions.
- 5. The income generated from normal business operations, typically from sales of goods and services.
- 6. Assets owned by an individual or business, including real estate, equipment, and inventory.
- 9. the relationship between two or more people to do trade or business.
- 10. An individual or institution that lends money or extends credit to another party, expecting repayment.
- 13. An entry that shows money going into an account, usually increasing assets or expenses.
- 14. a valuable return
- 15. the money used to build, run, or grow a business
- 18. The allocation of resources, usually money, to generate income or profit over time.
- 20. Obligations or debts that a business owes to external parties, which must be settled in the future.
Down
- 1. The costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities.
- 2. A record in the accounting system that tracks the financial transactions related to a specific asset, liability, equity, revenue, or expense.
- 4. A record that shows all the money coming in and going out for each account in a business.
- 7. Shares representing ownership in a company or assets after all liabilities have been paid.
- 8. An entry on the right side of an account, indicating an increase in liabilities or equity or a decrease in assets.
- 10. a legal entity that is separate and distinct from its owners
- 11. the examination of the financial report of an organization
- 12. A person who starts a business and is willing to risk loss in order to make money.
- 15. a grant or guarantee of rights, powers, or privileges from an authority or agency of a state or country.
- 16. occurs when your business has more expenses than earnings during an accounting period.
- 17. Certified Public Accountant
- 19. The act of taking money out of an account, often associated with personal accounts or owner's equity.
