Accounting Basics Puzzle #2

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Across
  1. 3. A standard for comparison in performance or cost.
  2. 5. The process of determining the current worth of an asset.
  3. 8. Money that goes out of a business.
  4. 10. A reduction in the amount owed or received.
  5. 11. Total assets minus total liabilities.
  6. 13. The recording of financial transactions.
  7. 14. An estimate of future financial outcomes.
Down
  1. 1. A book or file for recording accounting entries.
  2. 2. A company's list of employees and the money they are to be paid.
  3. 4. Money owed to a company by its customers.
  4. 6. Money that comes into a business
  5. 7. Money a company owes to its creditors.
  6. 8. Ongoing business expenses not directly tied to products.
  7. 9. Income tax deducted from an employee's wages.
  8. 12. Total earnings before deductions.