Accounting Crossword Puzzle

A balance sheet account that tracks the activities that last longer than an accounting period.
The purpose of the accounting cycle is to prepare ___________ statements like the balance sheet, income statement, statement of retained earnings, and statement of cash flows.
The accounting ____________ is a tool used to help bookkeepers and accountants complete the accounting cycle and prepare year-end reports like unadjusted trial balances, adjusting journal entries, adjusted trial balances, and financial statements.
A business transaction is recorded as a _____________ in the general journal to show how the event changed in the accounting equation.
A trial balance that lists of all company accounts that will appear on the financial statements after year-end adjusting journal entries have been made.
An entry made at the end of an accounting period to zero out all temporary accounts and transfer their balances to permanent accounts.
An income statement account that is used to track accounting activity during an accounting period.
A record or document that contains account summaries for accounts used by a company.
An exchange of value between two different groups with financial or accounting significance.
Financial statement ____________ is the purpose of the accounting cycle.
The financial process starting with recording business transactions and leading up to the preparation of financial statements.

Accounting Terms: Back to Basics Crossword

Accounting Terms: Back to Basics Crossword

describes the sources and uses of cash for a reporting period
charge for using money until repaid at a future date
security that represents ownership in a corporation; holders exercise control by electing a board of directors and voting on corporate policy
amount by which a company's value exceeds the value of its individual assets and liabilities
class of ownership in a corporation that has a higher claim on its assets and earnings than common stock
net sales minus cost of goods sold
record within an accounting system where increases and decreases in a specific asset, liability, equity, revenue, or expense are entered and stored
process of allocating the cost of an intangible asset to expense over its estimated useful life
an entry that increases asset and expense accounts, and decreases liability, equity ad revenue accounts
income statement, balance sheet, statement of changes in owner’s equity, and statement of cash flows
customers and other individuals and organizations who owe a company
journal entry at the end of an accounting period to bring an asset or liability account to its proper amount and update the related expense or revenue account
total cost of an asset less its accumulated depreciation
an asset created by selling products or services on credit
method to assign cost to inventory that assumes items are sold in the order acquired
entity created by law and separate from its owners
inflows of assets in exchange for products and services provided to customers as part of a company’s operations
length of time an asset will be productively used in the operations of a business
occurs when expenses exceed revenues
merchandise a company owns and expects to sell in its normal operations
estimate of amount to be recovered at the end of an asset's useful life
expense created by allocating the cost of plant and equipment to periods in which they are used; represents the expense of using an asset
resources owned or controlled by a company that provide expected future benefits to the company
a liability created by buying products or services on credit
obligations due to be paid or settled within the longer of one year of the operating cycle
equals a corporation’s accumulated net income (loss) for all prior periods that has not been distributed to shareholders

Chapter 9 Crossword

Chapter 9 Crossword

Accounts used to accumulate information until it is transferred to the owner’s capital account.
The series of accounting activities included in recording financial information for a fiscal period.
Accounts used to accumulate information from one fiscal period to the next.
The accountant who conducts the audit.
An accounting business that helps other businesses with accounting issues.
An examination of financial records, accounts, and supporting documents to check their accuracy.
Journal entries used to prepare temporary accounts for a new fiscal period.
A paper or electronic path that provides a documented history of a transaction.
A negative balance that remains after total expenses are subtracted from total income.
The area of accounting which focuses on reporting information to internal users
The area of accounting which focuses on reporting information to external users.
A positive balance that remains after total expenses are subtracted from total income.
Reporting an amount on a financial statement as a percentage of another item on the same financial statement.
Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.
A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.
The length of time for which a business summarizes its financial information and reports its financial performance.
A proof of the equality of debits and credits in a general ledger.
Cash paid for an expense in one fiscal period that is not used until a later period.
A financial statement showing the revenue and expenses for a fiscal period.
A trial balance prepared after adjusting and closing entries are posted.
An accountant who has passed the uniform certified public accounting exam and met the licensing requirement for a state. (Note: Please enter into the puzzle as an acronym.)
A financial statement that reports assets, liabilities, and owner’s equity on a specific date.
A fiscal period consisting of 12 consecutive months.
The difference between total revenue and total expenses when total revenue is greater.

Accounting Basics Crossword

Accounting Basics Crossword

Anything you own
Assets, Liabilities, and Owners Equity appear on this form
When expenses are greater than revenue you have a
An example of Revenue is
When you owe money
In accounting at least ____________ accounts are affected in a transaction
This affects owners equity
Revenue, expenses and net income/loss are shown on
__________ is an asset
When a customer owes you money
When you owe money
Sales minus expenses
The fourth step in the accounting cycle is
The _________________ entries come from the worksheet
The ___________________ entries are done at the end of every month

fundamental of accounting Crossword

fundamental of accounting Crossword

Revenue,expenses and net incom/loss are show on
Credit recorded when a company purchase inventory on credit from vendors or supplies.
A long-term contract to borrow money from a creditor.
Initial investments made by owners like stock purchases or partnership buy-ins.
A creditor's claim on a company' assets.
Miscellaneous assets that are entire in product production that are too small and inexpensive to capitalize.
An asset that arises from selling goods or services to someone on credit.
A subsection of the general field of accounting that focuses on gathering and compiling data in order to present it to external users in a usable form.
Entry on the left side of an account.
A written promise to repay money.
Assets earned by a company's operations and business activities.
Entry on the right side of an account.
A resource that is owned or controlled by a company that can be used to provide a future economic benefit.
The _______ ________ statement summarizes how changes in balance sheet accounts affect the cash account during the accounting period.
The report that shows a company's financial position based on its assets, liabilities, and equity at a single moment in time.
A report that shows the income, expenses, and resulting profits or losses of a company during a specific time period
Accounts listed last on the balance sheet.
He is know as father of accounting
When expenses are greater that revenue you have a?
Money received in advance for services to be performed in the future are reported on the balance sheet as deferred revenues, _________________ revenues, or as customer deposits.
The accounts in this balance sheet classification are credited to increase them
The difference between a sole proprietorship's total assets and its total liabilities is ___________'s equity.
Coins,Currencies,checks,bank deposit this is under of____?
This is represent the unsold goods at the end of the accounting period?
. Amounts owned to other for expenses already incurred but not yet paid??
Liability to pay the bank or other financing institution arising from funds borrowed by the business from these institution payable within twelve or shorter.
assets held by an enterprise for the accretion of wealth
Accepts deposits from people and busniesses and use them to finance their business
Plans incomes and expenses
The _________________ entries come from the worksheet
An example of Revenue is
When you owe money
The fourth step in the accounting cycle is ?
This affects owners equity
The ___________________ entries are done at the end of every month
charge for using money until repaid at a future date
income statement, balance sheet, statement of changes in owner’s equity, and statement of cash flows
In accounting at least ____________ accounts are affected in a transaction
Sales minus expenses
A debt evidenced by a "note" which specifies the principal amount, interest rate and date of repayment
A written cash flow plan

Accounting Chapter 4 Crossword Review

Accounting Chapter 4 Crossword Review

A debt due to be paid within one year
Long lived tangible capital assets, such as land, buildings, and equipment used to operate a business
A columnar document designed to help move data from the trial balance to the financial statements
An asset, liability, or owner's equity account that is not closed at the end of the period
The chronological accounting record of an entity's transaction
An asset that is expected to be converted to cash, sold, or consumed during the next 12 months
A temporary account in which the revenues and expenses are transferred prior to their final transfer to the capital account
Cost incurred when running a business. Decrease in owner's equity
A measure of how quickly an item can be converted to cash
An entry made at the end of the period to assign revenues when they are earned and expenses when they were incurred.
The revenue and expense accounts that relate to a particular accounting period and are closed at the end of the period

Accounting 2 Vocab Chapter 1-4 Crossword

Accounting 2 Vocab Chapter 1-4 Crossword

anything of value that is owned
an amount owed by a business
financial rights to the assets of a business
the amount remaining after the value of all liabilities is subtracted from the value of all assets
the owners’ equity in a corporation
an equation showing the relationship among assets, liabilities, and owners’ equity
business papers from which information is obtained for a journal entry
a form for recording transactions in chronological order
a journal used to record only one kind of transaction
a record that summarize all the transactions pertaining to single item in the accounting equation
a group of accounts
a ledger that contains all accounts needed to prepare financial statements
a ledger that is summarized in a single general account
an account in a general ledger that summarizes all accounts in a subsidiary ledger
the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current
an accounting system showing accounting information for two or more departments
a business that purchases and sells goods
transferring transaction information from a journal entry to a ledger account
a form prepared by the customer showing the price deduction taken by the customer for a return or an allowance
an account that reduces a related account on a financial statement
a deduction that a vendor allows on the invoice amount to encourage prompt payment
when a company that has purchased merchandise on account takes a cash discount
an amount of cash kept on hand and used for making small payments
a form prepared by the vendor showing the amount deducted for returns and allowances
a cash discount on a sale taken by the customer
a specialized computer used to collect, store, and report all the information about a sales transaction
the amount paid to an employee for every hour worked

First Year Accounting Crossword

First Year Accounting  Crossword

An itemized record of all the transactionsame in a depositor's account over a given period, usually a month
Cash in the
are the owner's capital account and the owner's drawing

Banking Terms Crossword

Banking Terms Crossword

Bank branch offices, hours of operation, availability of ATM
Direct deposit, automatic payments, overdraft protects, online banking, discounts or free checking for students
Monthly charges, per check costs, printing of checks, balance inquiry cost, ATM checks
Minimum balance, holding period for deposited checks
An payment system where bills are paid through direct withdrawal from a bank account
A financial cooperative owned by its members to serve its members. It offers the same financial services as a bank
Allow customers to get cash and conduct banking transactions
An account that allows you to deposit money and write checks on that account.
The amount of money currently in an account
A business that keeps money safe fro its customers, lends money to borrowers, and provides other financial services
A banking card that can be used to purchase goods and services electronically. The amount is transferred immediately.
The least amount of money a bank requires when opening an account
The money put into a bank account
A savings or checking account set up in the names of more than one person
The money a bank pays for the use of a person’s money. Interest is referred to in terms of annual percentage rate (APR)
Tells how much money you currently have in your account (account balance)
A secret number or code that protects the security of an account
An amount of money taken out of an account
A bank account that allows you to put money away to use later. The bank pays interest in exchange for the use of the money in the account
Business done with a bank, including deposits, and withdrawals
A bank employee who performs banking services for the public, such as cashing checks and accepting deposits

Accounting Concepts Crossword

Accounting Concepts Crossword

Life of the business is divided into periods of equal length to measure performance and psoition
Transaction are reported in the period they relate to.
Business will continue to operate into the foreseeable future.
Transactions must be reported in NZ dollars.
Transactions are reported at their original purchase price.
Financial affairs of the business is kept separate from the financial affairs of the owner and other businesses.
To show the assumptions followed in preparing the statements and how financial elements have been measured for the entity.
To show the income, expenses and measure profit for the period for the entity.
To measure assets, liabilities and equity at one point in time for the entity.
Prediction of future cash receipts and payments and also shows the estimated bank balance for a particular time period for the entity.
Prepares, analyses and interprets the financial information to assist in decision making.
Preparing internal reports and measuring performance within the business including budgets and costing.
Calculating costs of producing the goods or services which the business is selling.
Carries out independent checks on businesses financial records to ensure accuracy and reliability of the report i.e., “a true and fair view’.
Calculation and payment of tax, and advice on tax issues.
These are independent, registered accountants who provide a range of specialist services to businesses as well as providing
Resource controlled by the entity (business) as a result of past events and from which future economic benefits are expected to flow to the entity.
Present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.
Residual interest in the assets of the entity after deducting all its liabilities.
Increases in economic benefits during the year in the form of inflows or enhancements of assets or decrease in liabilities that result in increases in equity other than those relating to contributions from equity participants
Decreases in economic benefits during the accounting period in the form of outflows or depletions of assets or incurrences in liabilities that result in decreases in equity other than those relating to distributions to equity participants
It is an item that will benefit the firm beyond the current year .
It is an item that will benefit the firm for the current year and is classified as an expense.

Accounting Bingo

Accounting Bingo
Bingo Cards

chart of accounts
financial statement
Unit of Measurement
general ledger
accounts payable
accounts receivable
Objective Evidence
accrual accounting
balance sheet
income statement
Realization of Revenue
Accounting Period Cycle
Business Entity
Consistent Reporting
Full Disclosure
Going Concern
Historical Cost