Accounting Terminology

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Across
  1. 4. financial statement used to summarize the amounts of revenues earned and the expenses incurred by a business
  2. 5. type of record used to keep track of debts owed by a business to creditors for purchased goods or sevices
  3. 7. the cost of producing revenue through the sale of goods or services
  4. 8. a list of goods and materials, or just the goods and materials themselves
  5. 9. used to record the financial transactions made by a business
Down
  1. 1. ownership in assets after all debts owed for that asset has been paid off
  2. 2. the fee paid to a lender for a loan
  3. 3. type of record used to keep track of money that is owed to a business
  4. 5. probable future economic benefits obtained by a particular entity as a result of past transactions
  5. 6. probable future sacrifices of income or assets