Accoutning Vocabulary

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Across
  1. 2. A business resource that a business owns.
  2. 3. One of current assets
  3. 8. A debt that a business owes.
  4. 10. A business activity that has an effect on a business’s financial statements.
  5. 12. These are liabilities that will be paid within one year.
  6. 13. An amount of money that is borrowed.
  7. 14. _______ profit is the difference between revenue and COGS.
Down
  1. 1. The opposite of non-current
  2. 2. an example of an expense
  3. 4. Someone who owes us money
  4. 5. Financial _______ include the balance sheet and the profit and loss account.
  5. 6. Accounts ________ are amounts owed to suppliers.
  6. 7. The most liquid asset
  7. 9. An example of a long-lived asset
  8. 11. Net profit increases ___________.