ACCOUNTING TERMS

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Across
  1. 4. Valuable but cannot be physically touched. Example: A brand name is an ... asset.
  2. 5. A report showing a company's assets, liabilities, and equity. Example: The accountant prepared the .... sheet.
  3. 7. Money that you borrow and must pay back. Example: He took out a ... to start his business.
  4. 10. A record where financial transactions are organized by account. Example: The accountant recorded the transaction in the ....
  5. 12. Having enough money to pay debts. Example: The company is ... and can pay its debts.
  6. 13. A report showing a company's revenue, expenses, and profit or loss. Example: We checked the income ....
  7. 14. Money paid back to someone for money they spent. Example: She received ... for her travel expenses.
  8. 16. Part of a company's profit paid to shareholders. Example: The company paid a ... to its shareholders.
  9. 19. A gradual decrease in the value of an asset over time. Example: The car loses value because of ....
  10. 22. A fixed amount of money someone receives regularly for their work. Example: Her ... is paid every month.
  11. 24. Permission not to pay or do something. Example: She received a tax ....
  12. 25. Gradually reducing the value or cost of something over time. Example: The company records ... for its software.
  13. 28. The total amount before anything is taken away. Example: His ... salary is $3,000 before tax.
  14. 29. Extra money paid for borrowing money or earned from savings. Example: She pays ... on her loan.
  15. 30. A written document used to tell a bank to pay money. Example: She paid by ....
  16. 33. Money taken out of a bank account. Example: He made a cash ....
  17. 34. Goods or products a business has for sale. Example: The shop checked its ....
Down
  1. 1. Money that a person or business owes. Example: The bank loan is a ....
  2. 2. An accounting entry recorded on the left side of an account. Example: The accountant recorded a ... in the cash account.
  3. 3. Less than what is needed; a shortage of money. Example: The business had a ... this year.
  4. 4. Not having enough money to pay debts. Example: The company became ....
  5. 6. An accounting entry recorded on the right side of an account. Example: The accountant recorded a ... in the account.
  6. 8. Money left after expenses are subtracted from revenue. Example: The business made a ... this year.
  7. 9. The value that belongs to the owner after debts are subtracted. Example: The owner's ... increased this year.
  8. 11. Money put into a bank account. Example: She made a ... into her account.
  9. 15. More than what is needed; an extra amount. Example: The company had a cash ....
  10. 17. A document showing how much someone needs to pay. Example: We sent the customer an ....
  11. 18. The difference between the cost and selling price. Example: The product has a high profit ....
  12. 20. Money a business spends. Example: Rent is one of the company's ....
  13. 21. The process of recording a business's financial transactions. Example: Good ... helps a business manage its money.
  14. 23. Something a person or business owns that has value. Example: The company’s ... include cash and buildings.
  15. 26. Spending more money than you have in your bank account. Example: He used his ... to pay a bill.
  16. 27. A loan used to buy a house or property. Example: They took out a ... to buy a house.
  17. 31. The movement of money into and out of a business. Example: Good ... flow helps a business pay its bills.
  18. 32. Money a business earns from selling goods or services. Example: The company's ... increased this month.