All Things Accounting

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Across
  1. 3. A payment made by a corporation to its shareholders
  2. 5. Allocation of the cost of a tangible asset over its useful life
  3. 7. The bottom line figure on the income statement; revenue minus expenses
  4. 11. Money owed to a company by its customers who may pay by cheque
  5. 13. Canadian spelling for the periodic write-off of an intangible asset's cost
  6. 14. A book containing accounts used to record financial transactions
  7. 15. Goods available for sale, a key asset for retailers
  8. 16. The income generated from normal business activities
  9. 18. The fundamental accounting concept requiring two entries for every transaction
Down
  1. 1. Obligations owed by the business to outside parties
  2. 2. Resources owned by a business, such as equipment and cash
  3. 4. Recognising revenue when earned, not when cash is exchanged
  4. 6. Costs incurred in the process of generating revenue
  5. 8. An entry on the right side of a T-account
  6. 9. A list of all accounts and their balances to check mathematical equality
  7. 10. An entry on the left centre side of a T-account
  8. 12. An independent professional who verifies the accuracy of a company's financial statements
  9. 17. The residual interest in the assets of a company after deducting liabilities