CROSS WORD PUZZLE

2. Insurance premiums that had been paid in advance but have expired in the current period should be reported in the current period as Insurance __________.
4. An entry on the right side of a T-account.
6. The basic accounting ______________ include cost, matching, full disclosure, etc.
7. The accruing of expenses that pertain to the revenues being reported is required because of the ___________ principle
10. The _________ entry to record depreciation is first entered in the ___________ journal.
11. Stockholders' ________ is the difference between a corporation's assets and liabilities.
12. The accounting ___________ is Assets = Liabilities + Owner's (Stockholders') Equity.
13. GAAP is the acronym for _______________ accepted accounting principles.

1. Allocating the cost of a long-lived asset to expense over its useful life is known as __________________.
3. The bottom line of the income statement is ______ income.
5. The financial statement that reports revenues, gains, expenses, and losses is the _________ statement.
8. The _______ to the financial statements will disclose the company's significant accounting policies.
9. The amounts a company owes its suppliers are reported in the account Accounts __________.
10. Sales minus the cost of goods sold is the __________ profit.
14. A long-term asset used in a business that is not depreciated.