ACCOUNTING

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Across
  1. 2. a book or other collection of financial accounts of a particular type.
  2. 4. Cash or goods used to generate income either by investing in a business or a different income property.
  3. 7. a note or record made for future use.
  4. 10. The amount of money you owe creditors in return for good and/or services they have delivered
  5. 14. A systematic way of recording and reporting financial transactions
  6. 16. the activity or occupation of keeping records of the financial affairs of a business
  7. 17. the cost required for something the money spent on something.
  8. 18. An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet or in your bank account.
  9. 19. A company's legal debts or obligations that arise during the course of business operations
Down
  1. 1. a daily record of events or business; a private journal is usually referred to as a diary.
  2. 3. A resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit.
  3. 5. the value of how much a future sum of money is worth today
  4. 6. the action or process of investing money for profit or material result.
  5. 8. was an Italian mathematician, Franciscan friar, collaborator with Leonardo da Vinci, and a seminal contributor to the field now known as accounting.
  6. 9. a person whose job is to keep or inspect financial accounts.
  7. 11. the total amount of money being transferred into and out of a business, especially as affecting liquidity.
  8. 12. represents the owner's investment in the business minus the owner's draws or withdrawals from the business plus the net income (or minus the net loss) since the business began.
  9. 13. a financial report that summarizes a company's assets, liabilities, owner's equity at a given time.
  10. 15. A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest. The term also refers to the borrowing capacity of an individual or company
  11. 20. The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments.