Accounting: Chapter 15 Vocab

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Across
  1. 3. interest earned but not yet received
  2. 7. a trial balance prepared before adjusting entries are posted
  3. 9. revenue earned in one fiscal period but not received until a later fiscal period
  4. 10. physical assets that will be used for a number of years in the operation of a business
  5. 11. the total amount of depreciation expense that has been recorded since the purchase of a plant asset
  6. 12. the period of time over which an asset contributes to the earnings of a business
  7. 14. each tax rate and taxable income amount on one line of a tax table
  8. 15. the original cost of a plant asset minus accumulated depreciation
  9. 16. the portion of a plant asset's cost that is transferred to an expense account in each fiscal period during that asset's useful life
Down
  1. 1. of depreciation,recording an equal amount of depreciation expense for a plant asset in each year of its useful life
  2. 2. the tax rate associated with a tax bracket
  3. 3. a trial balance prepared after adjusting entries are posted
  4. 4. the actual count of merchandise at the end of a fiscal period
  5. 5. cash and other assets expected to be exchanged for cash or consumed within a year
  6. 6. the amount of inventory on hand at the beginning of a fiscal period
  7. 8. a loss in the usefulness of a plant asset as a result of wear or obsolescence
  8. 13. an estimate of the amount that will be received for an asset the time of its disposal