Across
- 1. The owner’s investment in the business
- 5. Money the business owes to suppliers
- 7. Money taken out of the business by the owner for personal use
- 9. Short-term assets like cash or stock
- 11. The process of recording financial transactions
- 13. A document showing proof of payment received
- 15. The book where transactions are posted to individual accounts
- 17. Money earned from providing services
- 18. Money or goods taken out of the business by the owner for personal use
- 20. A document requesting payment for services provided
- 21. Resources owned by the business that have value
- 22. Money invested by the owner into the business
- 23. The left-hand side of an account
- 24. Costs incurred to run the service business
- 25. Matching the bank statement with the business records
- 27. Earnings of the business from its operations
- 28. The financial gain after expenses are subtracted from revenue
- 29. Shows revenue, expenses, and profit or loss
Down
- 1. Short-term debts the business must pay
- 2. Businesses that provide services rather than goods
- 3. A list of all debit and credit balances to check accuracy
- 4. A small amount of cash kept for minor expenses
- 6. The time for which financial statements are prepared
- 8. Money owed to the business by customers
- 10. Payment received for providing a service
- 12. Shows the assets, liabilities, and capital of a business
- 14. The right-hand side of an account
- 16. Long-term assets like equipment or vehicles
- 19. The book where all business transactions are first recorded
- 26. Amounts the business owes to others