Basic Accounting Crossword

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Across
  1. 4. the account that is designated for anything that the owner takes out of the company.
  2. 6. the key word that indicates that an amount is a liability.
  3. 7. _____________ accounting equation is Assets = Liabilities + Capital - Drawing + Revenues - Expenses.
  4. 8. the overall net worth of a company.
  5. 12. anything a company owes.
  6. 15. accounting's purpose is to ____________.
  7. 17. an expense account that is used to summarize any money we have spent on bills like electricity and water.
  8. 18. any money that a company spends during a time frame in order to keep the business running like rent.
Down
  1. 1. accounts ________________ is any money owed to us.
  2. 2. expenses will always ______________ the companies overall net worth.
  3. 3. in every transaction there must be a minimum of ________ accounts that are effected.
  4. 5. an expense account that is designated to summarize the amount of money we have spent on creating commercials or billboards.
  5. 8. when a company buys ______________ that means the company is buying the items in agreeance that they will pay that company back in a certain amount of time.
  6. 9. any money that a company makes during a time frame.
  7. 10. _____________ accounting equation is Assets = Liabilities + Owner's Equity.
  8. 11. an expense account that is designated to summarize any money that we have spent on our employees.
  9. 13. revenues will always _____________ the companies overall net worth.
  10. 14. the account that is designated for anything that the owner puts into the company.
  11. 16. anything that a company owns.