Accounting Terms

3. Business that provides a professional service, personal labor, or expertise to clients and customers to communities.
7. collection of accounts in which transactions are recorded
8. A Certified Public Accountant is a person licensed by the state to practice public accounting.
11. A company recognized as a legal entity created by either stockholders or shareholders operating for profit.
12. Method of bookkeeping that relies on two-sded accounting entry to maintain financial information.
14. Set of financial records that use double-entry bookkeeping.
16. The difference between the amount earned and the amount spent in buying operating or producing something.
17. A company that uses raw materials to create finished goods.
18. a list of financial accounts and reference numbers
19. A unincoporporated business owned by a single individual with no legal distinction between them and the business.
20. Files financial records and reconciles bank statements.
22. A company that buy products from other companies and resells them to costumers.

1. A business or individual who helps a range of clients from individual to corporations.
2. An economic system where market forces determine prices, supply, and demand of goods and services without interference from the government.
4. The side where an account increases.
5. a person who organizes and operates a business or businesses.
6. The examination and verification of financial records.
8. An entry recording a sum received, listed on the right column of an account.
9. An organizaton that does not exist to earn profit.
10. An organization that exists to earn profit.
13. entry recorded on the left column of an account
15. Consists of two or more parties that manage and opeate a business while share profit.
21. the money used to build, run, or grow a business.