Across
- 4. The process of keeping financial records
- 8. A financial summary with estimates as to when, where, and how much money will flow into and out of a business
- 9. A financial statement that captures the financial condition of the business at that particular moment
- 11. An individual who has had specialized training in accounting procedures
- 12. The listing of a business’s different accounts and their current balances
- 14. Debts that the business owes
Down
- 1. A special book or computer program in which a business’s transactions are recorded in the order in which they occur
- 2. The steps of the accounting cycle that involve recording each business transaction; the process of analyzing financial transactions, journalizing transactions, posting to ledgers, and balancing the books
- 3. The methods and procedures used in consistently handling the business’s financial information
- 5. Those who invest their funds in a business; may be owners or stockholders
- 6. The amount an owner has invested in the business plus or minus profits and losses
- 7. A type of accounting that involves preparing and reporting financial data to internal users
- 10. A financial summary that shows how much money the business has made or has lost; also called the profit-and-loss statement
- 11. Anything of value that a business owns
- 13. The accounting record for a specific department or area of the business