Fundamental Accounting Terms

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Across
  1. 3. Resources owned by a business
  2. 5. An entry that increases revenue, equity, or liabilities, and decreases expenses or assets. Credits are recorded on the right side of a general ledger
  3. 9. A list of all accountants by a business and the financial information associated with them
  4. 10. The value of abusinesss assets minus its liabilities
  5. 11. An accounting report that list all the balances in a companies general ledger at a specific time
  6. 12. Record of a businesses financial accounts and transactions
  7. 13. Journal entries made at the end of an accounting period
Down
  1. 1. An accounting record of a business transaction that includes the date, amount, account and a description
  2. 2. A regular financial statement telling you how much cash you have on hand for a specific period
  3. 4. Financial document that summarizes a companies revenue over a specific period of time
  4. 6. An expense that increases an asset or decrease a liability of a business
  5. 7. Ownership interest in a business
  6. 8. Debts and financial obligations of a business