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Accounting Vocabulary 2

Melanie Yalcinkaya

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Across
2.An exchange of goods or services between two parties.
4.If a sale is made in October, but cash is received in January, the income is recorded when the cash is finally received in January
9.These are organizations that do not exist so the owner makes a profit
10.The event that results in money flowing into the business
11.The investment of assets in a business by the owner or owners
12.Events that result in money flowing out of the business
13.People or business that a company does business with
14.When the owner removes or withdraws assets from the business and the opposite of capital.
Down
1.If a sale is made in October, but cash is received in January, the income is recorded in October. tor) Between October and January cash is owed (a deb
3.How the company is doing financially--if it is losing or earning money
5.An expense that can be paid in the future, not immediately
6.A person starts a business, and invests his assets in the business, so that the business will produce a profit for him.
7.The positive amount you are left with when the income exceeds the expenses.
8.Different types of assets (such as cash or land)

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