Accounting Terms

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Across
  1. 3. Financial Accounting Standards Board
  2. 6. decrease assets
  3. 7. divisions of the general ledger
  4. 9. Is a primary document of the general ledger
  5. 12. helps make sensible business decisions
  6. 13. the amount of money the business has earned after paying income taxes
  7. 14. are the daily - expenses incurred in the operation of your business
  8. 15. Are items of value which a company owns
  9. 17. Help identify the source of revenue
  10. 18. recording,reporting,analysis
  11. 20. increase assets
  12. 21. All expenses incurred in running your business
  13. 22. Measures the loss in value of an asset
Down
  1. 1. Consists of initial investments in the business as well as any retained earnings which are reinvested in the business
  2. 2. opposite of assets
  3. 4. land, building,machinery
  4. 5. a required contribution for the support of a national, state or local government calculated based on income
  5. 8. Usually incur the same expenses from month to month
  6. 10. net sales
  7. 11. Generally Accepted Accounting Principles
  8. 16. represent the amount of revenue generated by the business
  9. 19. derived by subtracting the cost of goods sold