Poa puzzle

3. A financial statement that lists all account balances from the ledger to check if total debits equal total credits
4. the total cost incurred by a business to purchase an asset, a client, or even another business
7. the cost of transporting purchased into the business
9. A numerical comparison of financial figures used to evaluate a company’s performance
12. The amount by which total expenses exceed total revenue after all deductions.
13. The final profit after deducting all expenses, including operating costs, taxes, and interest, from total revenue.
14. A financial statement that determines the gross profit or gross loss
15. The difference between a company’s current assets and current liabilities, indicating short-term financial health
17. cost of delivering goods sold to customers
19. Goods and materials a business holds for resale or production.
20. goods returned from the business to suppliers

1. A snapshot of a company’s assets, liabilities, and equity at a specific point in time.
2. A financial statement that determines the net profit or net loss
5. The profit made after subtracting the cost of goods sold from sales revenue.
6. The process of closing a business by selling its assets to pay off debts and distributing any remaining balance to owners
8. A formal record showing a business’s financial activities and position
10. The reduction in value of a fixed asset
11. goods returned by a customer to the business
16. The loss that occurs when the cost of goods sold is greater than sales revenue.
18. The withdrawal of assets or goods by a business owner for personal use