Accounting Crossword

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Across
  1. 8. ITO
  2. 9. A financial gain
  3. 10. (AC) An accounting method that records revenues and expenses before payments are received or issued.
  4. 12. (QC) The financial information should be presented so that a reader can easily comprehend it.
  5. 14. Assets minus liabilities
  6. 15. All the items, goods, merchandise, and materials held by a business for selling in the market to earn a profit.
  7. 17. (plu)a present economic resource controlled by the firm,expected to generate future economic benefits
  8. 18. The balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.
Down
  1. 1. (QC)Showing that the information is represented faithfully and without bias.
  2. 2. The total amount of income generated by the sale of goods and services
  3. 3. A liability on a balance sheet where a business owes money to its suppliers that have provided the business with goods or services on credit.
  4. 4. Owner pays for business expenses with personal funds to a business bank account.
  5. 5. To promote a business or product to customers and potential customers.
  6. 6. GST
  7. 7. (QC)To verify a transaction occurred, and the information is presented faithfully and without bias.
  8. 11. (plu)The cost incurred in or required for something.
  9. 13. Money that is taken from the business account for personal use,by the owner.
  10. 16. (plu)a present obligation of the firm,to transfer an economic resource