Across
- 4. transactions are recorded when the order is placed, the item is delivered, or the service is provided, regardless of when the money is actually received or paid
- 6. money invested in a business in return for a share in the profits of the business
- 8. a booklet in which you record the dates and amounts of the checks as well as the names people or businesses to whom you have written the checks
- 9. any business activity that changes assets, liabilities, or net worth
- 10. revenue is not recorded until cash is actually received
- 13. an accounting report that describes the way cash flows into and out of your business over a period of time
- 14. a list of people who receive salary or wage payments from a businesses
- 15. the relatio between the dollars you have borrowed and the dollars you have invested in your business
Down
- 1. the difference between what you own and what and what you owe
- 2. accounting records of the transactions you make
- 3. property that the borrower forfeits if he or she defaults on the loan
- 5. shows the business's revenues and expenses incurred over a period of time and the resulting profit or loss
- 7. individuals or companies that make a living investing in startup companies
- 11. money loaned to a business with the understanding that the money will be repaid, usually with interest
- 12. an accounting record that provides financial detail for a particular business item, such as for cash, sales, rent, and utilities