Accounting Vocabulary

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Across
  1. 3. value a company has after it's assets
  2. 6. someone that owes money
  3. 7. things that belong to a company
  4. 9. part of profit paid to shareholders
  5. 12. money owed to a supplier or lender
  6. 13. when illegal activity is suspected
  7. 15. someone that lends money
  8. 16. a book/collection of financial accounts
  9. 18. unable to pay debts
  10. 19. examining company's systems of control
  11. 20. recording both sides of a transaction
  12. 21. owners of a company through share purchase
  13. 22. false result, artificially high profit
Down
  1. 1. day-to-day recording of transactions
  2. 2. gradual loss of value of an asset
  3. 4. deliberately false information
  4. 5. asset's value= money received when sold
  5. 8. amount paid to lender on capital borrowed
  6. 10. when a company can't repay it's debt
  7. 11. rules that define accounting procedures
  8. 14. the action of buying/selling something
  9. 17. statement of assets/liabilities/capital