Chapter 4 Vocabulary check

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