Accounting Basics Principles

1234567891011121314151617
Across
  1. 5. amount of money a business receives over a period of time
  2. 8. cost directly associated with making or acquiring products
  3. 10. expenses which are not necessary to daily operation of the business
  4. 14. comprised of all short-term obligations owed by your business
  5. 15. daily expenses incurred in the operation of a business
  6. 17. amount of money the business has earned after paying income taxes
Down
  1. 1. amount of income earned by a business prior to paying income taxes
  2. 2. expenses which are still necessary but do not have a fixed amount
  3. 3. money owed to the business by customers, suppliers and vendors
  4. 4. also called total equity, found by subtracting liabilities from assets
  5. 6. income which does not come from the primary goal of business
  6. 7. are items of value owned by the company
  7. 9. represent the amount of revenue generated by the business
  8. 11. expenses which are necessary, stable and occur regularly
  9. 12. debts the company owes or obligations the company has
  10. 13. income from sales or services based on the goal of the business
  11. 16. systematic recording, reporting and analysis of financial transactions