Accounting Basics

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Across
  1. 4. A bank loan on land or buildings
  2. 8. Used with Accounts Receivable or Accounts Payable
  3. 10. Something a business owes
  4. 11. The word used to describe an asset losing value over time
  5. 13. The starting place for everything in Accounting
  6. 14. Something the business pays in order to keep operating
  7. 15. Income received when owing shares in a company
  8. 19. Applies to Assets and Liabilities that relate to the next year
  9. 21. When income or expenses are owing
  10. 23. Can either be an expense or income
Down
  1. 1. Income - Expenses
  2. 2. An intangible asset measuring the reputation of the business
  3. 3. Paid to attract customers to the business
  4. 5. Something a business owns
  5. 6. A measure of how much control the owner has over their business
  6. 7. When an expense has been paid in advance
  7. 8. Something the business earns
  8. 9. A liability owed to the Government
  9. 12. When bank is a current liability
  10. 16. The only Finance Cost
  11. 17. When the owner uses business money for personal use
  12. 18. The side with L, Eq and I
  13. 19. Another name for equity
  14. 20. An administrative expense
  15. 22. The left hand side of the Accounting Equation