Mega Accounting Crossword

5. a business that sells goods
8. a type of loan that is secured by property
9. a business with two or more owners
11. owned by a business
15. the accounting system that records both cash and amounts owing to and from the business
16. an account that records the original cost of an inventory item on the financial statements
17. earned by the business
18. shows all transactions and balances of a particular account
19. a business that does work for others to earn revenues
21. assets and liabilities to be used up within 12 months
22. an inventory costing method used that records the orginal cost of inventory
23. a tax on items bought and sold in Australia
24. another name for inventory
25. a business structure with limited liability
26. another name for accounts receivable

1. a ratio that measures the ability of a business to pay its expenses
2. another name for earnings of a business
3. an inventory costing method used where it is difficult to identify individual units
4. a cash at bank account that has a credit balance
6. completed on the final day of an accounting period
7. owed by a business
10. a cost to the business
11. a type of accountant who reviews company financial reports to ensure they comply with accounting standards
12. assets that are going to be used to generate revenues
13. another name for accounts payable
14. owners investment in a business
20. occurs when expenses are greater than revenues
21. another name for the movement of cash in and out of a business