Accounting Concepts Crossword

Anything belonging to a person or a business
A plan of how much money a person or business will have and how it will be spent
A summary of the financial position of a business at a specific point in time
The money that a business spends on starting and running
A person or business to whom money is owed
A person or business who owes you money
Amount owed to another person or business.
Payments made for goods and services
money earned, salary/wage. Money received from sales
cash belonging to a person or business or other items that can be easily turned into cash
an amount owed to another person that must be paid within 12 months
when income is less than expenses
when income is greater than expenses
all amounts paid out by a person, in cash, by cheque or credit card
the summary of a person's financial position (Assets minus liabilities)
money leftover from expenses that is not needed now and can be put aside for a 'rainy day'
this involves exchange of goods and services for money. Recorded in books with dates for accounting purposes