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9 An accounting procedure undertaken at the end of the year to close out business from the previous year, carry forward balances from the previous year, and open posting accounts for the upcoming year.
10 cash on hand or an asset that can be readily converted to cash
11 reduce or extinguish (a debt) by money regularly put aside.
12 a reduction in the value of an asset with the passage of time, due in particular to wear and tear.
15 the recording of all the costs incurred in a business in a way that can be used to improve its management
16 a synonym for earnings before interest and taxes (EBIT) and is also referred to as 'operating profit' or 'recurring profit.'
17 refer to the percentage of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business, or to pay debt
19 the action of making one view or belief compatible with another
1 refers to a monetary exemption which reduces taxable income.
2 an accessible store of money kept by an organization for expenditure on small items.
3 wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
4 a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves)
5 (of a person or organization) owing money; insolvent.
6 the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
7 a list of a company's employees and the amount of money they are to be paid.
8 (of a person or organization) not owing any money; solvent.
9 the practice of recording revenues when cash is received and recording expenses when the expense is paid
13 a financial statement that summarizes the revenues, costs and expenses incurred during a specific period of time, usually a fiscal quarter or year.
14 a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
18 an entry recording an amount owed, listed on the left-hand side or column of an account.
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