Accounting Terms

2. Cash that leaves a business
3. When a company gains more revenues than expenses
4. A type of accoutning report which displays the assets, liabilities and owner's equity of a firm
6. External debts that the business owes
9. Payments made by the business that is a cost to the business
11. A business that specialises in providing a service for prodit
12. A business that specialises in selling goods for profit
14. Debts that the business owes to the owner for their contribution of money/cash

1. A type of accounting report which displays the sources of revenue and expenses of a business, showing if the business made a profit or a loss
5. Cash received by a business by selling a good to customers
7. An item owned by a business that has value and is available to meet debts and commitments
8. Cash that comes into a business
10. Cash received by a business by providing a service to customers
13. Money that the business makes, making the business more wealthy
15. Debts that the business owes