Accounting Crossword Creation

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Across
  1. 2. is used to denote the purchase/sale of goods or services on credit
  2. 5. a statement of all debits and credits in a double-entry account book, with any disagreement indicating an error.
  3. 10. a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
  4. 12. ____ is money being used to build, run, or grow a business
  5. 16. accounting approach under which every accounting transaction is recorded with only a single entry in the accounting records, centered on the business enterprise's results, which are shown in the statement of income of the company.
  6. 18. the action or process of keeping financial accounts.
  7. 19. a 12 month period in which a business entity will account for all transactions and happenings dealing with that particular company.
  8. 21. ____ to the left
  9. 22. any cost that contributes to a company's overall cost of doing business.
  10. 23. anything we own are an ____
  11. 24. if a transaction increases a capital, liability or income account, then the value of this increase must be recorded on the credit or right side of these accounts
  12. 25. a short-term debt and a liability on a balance sheet
Down
  1. 1. an adjustment to your books to better align your financial statements with your income and expenses
  2. 3. ____ to the right
  3. 4. ____ accounting equation is Assets = Liabilities + Owner's Equity
  4. 6. a specific set of rules set by the governing bodies of certified public accountants
  5. 7. ____ is the net worth of a company overall
  6. 8. ____ is money being taken from a business account for personal use
  7. 9. the graphical representation of a general ledger that records a business' transactions
  8. 11. anything a company owns are ____
  9. 13. ____ expense that is paid in advance, such as rent or insurance.
  10. 14. money generated from normal business operations
  11. 15. the rules and guidelines that companies and other bodies must follow when reporting financial data
  12. 17. ____ accounting equation is Assets = Liabilities + Capital - Drawing + Revenues - Expenses
  13. 20. ____ the removing of fund from a bank account