Accounting Terms

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Across
  1. 1. Owes money to a company
  2. 5. daily expenses
  3. 7. goes directly into your account
  4. 9. a valuable thing to someone
  5. 11. The amount made after taxes
  6. 12. divisions of the general ledger
  7. 13. should be done monthly
  8. 15. Has a limit per purchase
  9. 16. all expenses incurred while running the business
  10. 17. required contribution for the support of a national, State or local Government calculated based on income
  11. 18. Does not include operating expenses
Down
  1. 2. provide a business with feedback Assets=liabilities+owners basic accounting equation
  2. 3. known as profit and loss statements
  3. 4. Are detailed accounting principles, guidelines and Rules used to prepare, present and report financial statement
  4. 6. example would be electricity
  5. 8. loss of value
  6. 9. the reporting of financial
  7. 10. Primary document of the general ledger
  8. 14. are specific for the expense they incur