Business Vocabulary II

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Across
  1. 2. a list of accounts set up in GeneralLedger to track transactions
  2. 6. Either an increase in a liability; a decrease in an asset; or a reduction in expenses.
  3. 8. something you owe
  4. 9. tracks payments owed to vendors
  5. 10. Tracks money owed to company from Clients
  6. 13. Financial Reports that show the Profitability of a business during a specific period of time.
  7. 14. Financial Report that shows Assets liabilities and Owner Equity
  8. 15. Either an increase in an Asset; a decrease in a liability, or a reduction in revenue
Down
  1. 1. Any business entity or Individual that is paid through Accounts Payable
  2. 3. Any business entity or individual that acquires products/services from your business..
  3. 4. A Financial Report that tracks the Flow of funds into and out of a business.
  4. 5. Any(12) consecutive months that a business uses to provide their annual budgets and reports
  5. 7. Any source of income for a business
  6. 10. Something you own
  7. 11. Any event that includes an exchange of funds between two parties.
  8. 12. Charges incurred for the purpose of running the business.