Chapter 15 Vocabulary Crossword

Organized summaries of a business’s financial information and activities.
A business that processes data for other businesses for a fee.
A record showing what each customer owes and pays.
A business that processes data for other businesses for a fee.
Things owned, such as cash and buildings.
Decrease in the value of an asset due to wear and age.
Expensive assets of a business that are expected to last and be used for a long time.
A financial plan usually extending for one year.
Budget that projects income and expenses from the beginning of a new business until it becomes profitable.
A plan showing projected sales, costs, expenses, and profits for the ongoing operations of a business.
A financial plan for replacing fixed assets or acquiring new ones.
A forecast of the sales for a month, a few months, or a year.
Reports that summarize financial data over a period of time.
A financial statement that lists the assets, liabilities, and capital of a business.
Claims against assets or things owed—the debts of a business.
What a business is worth after subtracting liabilities from assets.
Assets = Liabilities + Capital
A financial document that reports total revenue and expenses for a specific period.
The movement of cash into and out of a business.
The difference between current assets and current liabilities.
A person who has met a state’s education, experience, and examination requirements in accounting.
An expert who is called upon to study a special problem and offer solutions.