Accounting Terms

3. Most liquid asset
4. Tax required for money made
6. Asset that can easily be converted into cash
8. A primary document of the general ledger
12. Records all revenues and operating expenses
13. Net Sales - Cost of goods sold
16. A book or collection of accounts in which account transactions are recorded
17. Property owned by a person or company
18. Revenue - Expenses
19. An entry recorded for a payment made or owed
20. Represents amount of revenue generated

1. Recording, reporting, and analysis of finance
2. Something a person or company owes
5. All expenses incurred in running business
7. Division of the General Ledger
9. Daily expenses incurred in bsns. operation
10. An entry that records a decrease in assets or an increase in liability as well as a decrease in expenses or an increase in revenue
11. Communicates information which gives specific details about a company
14. Land, buildings, machinery
15. Amount of money a buinsness has earned after income taxes