Accounting Concepts 1 Crossword

The process of recording, summarizing, analyzing, and reporting financial transactions of a business.
An excess of expenses over revenues.
Any money/item of value that is taken from the business account for personal use..
An authorization to draw funds from a bank account.
A company or individual who owes money.
A completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money.
The investment made by the owner into the business.
Used to record cash sales and services rendered on a cash register.
A person or company to whom money is owing.
A small paper form that a bank customer includes when depositing funds into a bank account.
Net income earned after subtracting all dollar costs from total revenue.
The recording of financial transactions.
A method of recording transactions where for every business transaction, an entry is recorded in at least two accounts as a debit or credit.
A time-stamped commercial document that itemizes and records a transaction between a buyer and a seller on credit.
A document issued by a business as proof of payment.
A document used when goods are returned to a creditor.
A document issued to a debtor when he/she returns goods or when an allowance is made.
The things which are bought and sold by business.
Assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries.
Accounting equation
A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
Future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events.