Accounting Crossword

2. Decrease in assets
4. the account that shows payments to employee salaries, wages, bonuses, and deductions
6. What we own
7. any item that a person or a business has legal title over
10. Small amount of money kept on hand
13. describes the amount of money that would remain if a business sold all its assets and paid off all its debts
14. the cost a business pays to occupy a property for an office, retail space, storage space, or factory
15. Money payed to creditor in return for a loan
18. A financial asset or the value of a financial asset, such as cash or goods
19. Revenue minus expenses
22. any operating revenues that a company earns through its business activities
23. A notation, it records a single transaction
25. Includes all of the revenue (sales) that a company has provided but has not yet collected payment on

1. What we owe
3. Recording of financial transactions in an accounting system
5. Increase in assets
8. Any money earned
9. Visual structure used in double entry bookkeeping to keep debits and credits separated
11. Something spent on a specific item or for a particular purpose
12. an examination of books of accounts prepared by an organization to validate the entries recorded
16. Consumable materials used in business and replenished as needed
17. Type of asset that includes currency
20. the distribution of cash or other assets from a business to its owners or partners
21. Basic accounting equation
24. Includes all of the expenses that a business has incurred but has not yet paid