Chapter 12 Vocabulary Review

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Across
  1. 2. the value of the owner's investment in the business
  2. 3. used to record and analyze the financial performance of a business
  3. 7. comparisons of a company's financial elements that indicate how well the business is performing
  4. 11. provide detailed plans for the financial needs of individuals, families, and businesses
  5. 12. the employer electronically transfers net pay into the employee's bank account
  6. 13. a form used to document each employee's pay history
  7. 14. what a company owes
  8. 15. the costs of operating a business
  9. 16. an estimate of the actual money received and paid out for a specific period
  10. 17. reports the revenue, expenses, and net income/loss from business operations for a specific period
Down
  1. 1. describes the financial plan for ongoing operations of the business for a specific period
  2. 4. difference between actual and budgeted performance
  3. 5. plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable
  4. 6. the financial records of employee compensation, deductions, and net pay
  5. 8. what a company owns
  6. 9. lists the business' assets, liabilities, and owner's equity for a specific date
  7. 10. all income that a business receives over a period of time