Accounting Terms

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Across
  1. 3. The backbone of an accounting system
  2. 6. is any asset that can easily be turned into cash
  3. 8. Used to find the origin of any transaction
  4. 10. Cost of operations that a business incurs
  5. 14. Calculates the profitability of a business
  6. 16. determined by the chart of accounts
  7. 17. Items of value owned by a Business
  8. 18. All expenses incurred from running your business
  9. 20. income generated by the sales of goods or services
Down
  1. 1. Tangible asset that can be property
  2. 2. Debts a company owes
  3. 4. are divisions of the General ledger
  4. 5. Measures the loss in value of an asset
  5. 7. Is the abbreviation for detailed rules, guidelines, and are used to present the financial statement
  6. 9. Is the Recording and Reporting of Financial Transactions
  7. 11. The government agency responsible for the collection of taxes
  8. 12. Records all revenues and operating expenses
  9. 13. A fee that is taken out of your check
  10. 15. The most liquid asset
  11. 19. Equals Revenue minus Expenses