Chapter 4 Vocabulary check
Across
- 1. It's not yet an expense;it's an asset
- 4. Basis of accounting for transactions when money changes hands
- 5. Allocate equipment cost over its useful life
- 6. Not the cash basis of accounting
Down
- 2. Business owes utility expense this month;set it up as a___
- 3. It's not yet revenue; it's a liability
- 4. 2 words; Accumulated depreciation is an example