ACCOUNTING | ADJUSTING ENTRIES

12345678
Across
  1. 4. - Income earned during a specific period. (7 letters)
  2. 6. - An adjustment recognizing revenue or expense before cash is received or paid. (7 letters)
  3. 7. - Revenue received before the related service is performed. (9 letters)
  4. 8. - Entries made at the end of an accounting period to update accounts. (9 letters)
Down
  1. 1. - Postponing recognition of revenue or expense to a later period. (8 letters)
  2. 2. - Expenses paid in advance and recorded as assets. (7 letters)
  3. 3. - The allocation of the cost of a fixed asset over its useful life. (12 letters)
  4. 5. - Costs incurred in earning revenue. (7 letters)