Accountant Crossword Puzzle

QUESTIONS LIST:

• liability: an obligation or debt owed by a company to external parties, including loans, accounts payable, and accrued expenses.
• audit: an independent examination and evaluation of a company's financial records, transactions, and internal controls to ensure accuracy, compliance, and reliability of the financial statements.
• asset: a resource owned by a company that has economic value, such as cash, inventory, and property.
• expense: a cost incurred by a company in generating revenue, such as wages, utilities, and supplies.
• balance sheet: a financial statement that provides a snapshot of a company's financial position by showing its assets, liabilities, and equity at a specific point in time.
• revenue: the income earned by a company from its primary operations, such as sales of goods or services.
• depreciation: the systematic allocation of the cost of an asset over its useful life to reflect its declining value.
• equity: the residual interest in the assets of a company after deducting liabilities; it represents the shareholders' ownership in the business.
• cash flow: the movement of money in and out of a business, reflecting the company's operating, investing, and financing activities.
• income statement: also known as the profit and loss statement, it reports a company's revenues, expenses, gains, and losses over a specific period, resulting in the net income or net loss.