Accountant Crossword Puzzle

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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.

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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.