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Financial Statements Unscramble Challenge
Author :
Arlhene Lictawa
1.
A financial statement that summarizes assets, liabilities, and equity at a specific point in time.
L
N
C
B
A
E
A
2.
Resources owned by a company that have economic value and can provide future benefits.
S
E
A
S
S
T
3.
Obligations or debts that a company owes to outside parties, requiring future settlement.
T
L
I
I
S
A
E
I
L
B
I
4.
The residual interest in the assets of an entity after deducting liabilities, representing ownership.
T
U
I
Y
Q
E
5.
The income generated from normal business operations, typically from sales of goods and services.
E
N
U
V
E
E
R
6.
Costs incurred in the process of earning revenue, which reduce overall profit.
X
N
E
S
P
E
S
E
7.
The net amount of cash being transferred into and out of a business, indicating liquidity.
F
L
A
W
O
H
C
S
8.
A formal record that provides an overview of financial performance and position over a period.
T
E
S
M
T
A
N
T
E