accounting

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