Across
- 2. A collection of accounts recording all transactions of a business.
- 3. A financial situation where a business’s expenses exceed its revenue.
- 5. An account type where debits increase and credits decrease.
- 6. Balance The side of an account that is increased.
- 10. A legal entity separate from its owners.
- 11. Enterprise System A system where businesses operate competitively with minimal government intervention.
- 12. An examination of financial statements to ensure accuracy.
Down
- 1. Business A business aimed at making a profit.
- 4. Business A business that provides services rather than goods.
- 5. Clerk A person responsible for maintaining financial records.
- 7. Business A business that buys and sells physical goods.
- 8. The financial gain a business makes after subtracting expenses from revenue.
- 9. Proprietorship A business with one owner.