ACCOUNTING TERMS

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Across
  1. 2. Money that is owed by clients to the business after delivery of goods or services
  2. 5. Firms that create their own product.
  3. 6. Bill prepared by a seller and submitted to the buyer
  4. 7. Money owed by the business to its creditors in return for goods/services delivered
  5. 9. Compensation usually associated with executives, managers, office employees
  6. 11. artificial being
  7. 12. Father of modern accounting
  8. 14. Money or resource owed by the business
  9. 15. Exchange of goods and services for money
  10. 18. net assets of the company
  11. 19. A list of original entries of daily financial transactions.
  12. 20. Assumed selling price of goods or service
  13. 24. Decrease in net income
  14. 27. the purchase of goods to be held
  15. 28. Unbiased examination and evaluation
  16. 29. resources that an entity owns
  17. 31. an entry that may increase asset
  18. 33. main source of income
  19. 35. Labor
  20. 36. May decrease asset
  21. 38. Systematic and Chronological recording of business transactions that observes the fundamental principles of accounting
  22. 39. To put money on something in a desire to earn profits
  23. 41. it is what the business earns
  24. 42. two or more persons bind themselves to contribute money
  25. 43. The generated income of a sole proprietorship or partnership that is distributed to the owners
  26. 45. Complete record of the financial transactions of business from start of operations
  27. 46. the debts to the creditors
Down
  1. 1. Management of money and other financial assets
  2. 3. corresponding expenditures
  3. 4. net investment of the business
  4. 5. Buys finished product to suppliers and resell to customers
  5. 8. Available cash and near cash on hand to pay for current liabilities
  6. 10. A person who starts a new business and takes on its risk
  7. 13. as sociation of individuals who share a common goal
  8. 14. Delivery of funds from a bank account
  9. 16. Goods on hand
  10. 17. Money you owe from a lender
  11. 21. Payments either in cash or credit
  12. 22. buys products from the manufacturers
  13. 23. resource sacrificed to achieve an objective
  14. 25. Payment for the use of borrowed money
  15. 26. Compensation earned by hourly-paid workers
  16. 30. provide additional fuel
  17. 32. life blood of the government
  18. 33. lend their resources in exchange for a fee
  19. 34. A monetary value of asset decreases over time
  20. 37. Reduction of price to the original price
  21. 40. Amount paid in advance
  22. 44. founders of a company
  23. 46. Physical or mental work rendered for the business