Accounting Cross Word Puzzle

2. Amount of money left over from the gross profit
3. Liabilities are listed in this order, the date by which they must be repaid.
4. An asset that losses value over time
6. Net worth of a business.
7. Debts owed to another business
8. A report on a business cash flow over a stated period of time
12. The term used to describe the ease of converting an asset into cash
13. Money owed by customers
14. based on the principle that each transaction involves two changes
17. The movement of each in and out of a business
18. The money or promise of money received from the sale of goods or services.
19. The process of recording, analyzing and interpreting the economic activities of business.
20. The individuals and business that appear under the heading of liabilities.

1. and materials kept on hand
5. Occurs when you have given someone prior permission for someone else to automatically take money from your bank account.
9. Occurs when something that has value is exchanged for something else that has value.
10. Assets are always recorded at the actual amount they cost the business
11. A business year is any 12 month operating period
15. Recording of all business transactions
16. The money left over after deducting the business expenses.