Accounting

2. something owned by the business
3. sometimes known as the stock of a business
7. the account owed to a business by a customer who bought on credit
8. undertaken by a business to check that the inventory records match the inventory on hand
9. revenues a balance day adjustment for revenues earned but not yet received
12. the value of an asset at the end of its life
13. an asset held by the business for more than one year
15. the earnings of a business from selling goods and services
16. something owed by the business

1. the book that records transactions and balances for each account of a business
2. the account for something bought on credit by a business
4. a statement that reconciles the bank account with the cash at bank account
5. allocates the cost of a noncurrent asset over the life of a business
6. a balance day adjustment for expenses paid in advance
10. costs of the business
11. an asset held by the business for less than one year
14. the account that records the cash of the business