Adjusting Entries

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Across
  1. 4. Allocation of the cost of a fixed asset over its useful life
  2. 7. Amount set aside for expected losses
  3. 8. Cost incurred to earn revenue during the period
  4. 9. Income received in advance before services are performed
  5. 11. Gradual write-off of intangible assets
Down
  1. 1. Entries made at the end of the period to update accounts
  2. 2. Earnings of a business during an accounting period
  3. 3. Expense that is due but not yet paid
  4. 5. Expense paid in advance and recorded as an asset
  5. 6. Statement prepared before adjustments
  6. 10. Expenses or income that have been incurred but not yet recorded