Basic Accounting Crossword

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Across
  1. 3. _ is to the left.
  2. 5. items like pens and pencils that we have bought to use.
  3. 7. ALOE is the ________ accounting equation.
  4. 10. A = L + C - D + R - E is the ____________ accounting equation.
  5. 14. _____is for any money the owner takes out of the business.
  6. 15. all transactions must effect at least _ accounts.
  7. 16. the net worth of a business.
  8. 17. insurance that we have paid for in advance is called ____ insurance.
  9. 19. _ my time and I'll _ yours.
  10. 20. anything that we own.
Down
  1. 1. all assets ____ with a debit.
  2. 2. money made
  3. 4. accounts _ is money we owe.
  4. 6. anything that we owe.
  5. 8. accounts ____ is money owed to us.
  6. 9. _ refers to buying or selling on credit in agreeance that the value will be paid back at a later date. So bought supplies _____ or sold services _______.
  7. 11. all assets ____ with a credit.
  8. 12. money spent
  9. 13. Cash's _________ balance is a debit.
  10. 18. _ is to the right.