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

QuickBooks Vocabulary Quiz Chapter 1 Crossword

QuickBooks Vocabulary Quiz Chapter 1 Crossword

summarizes various aspects of your company's finances
used to track the checks you write and deposit you make
help you track what you buy and sell
used instead of typing saves you time
list of all the accounts you use to categorize your finances
income and expenses aren't recognized until cash changes hands
an increase in owner's equity resulting from receiving cash from a sale during the operation of a business
a decrease in owner's equity, when cash is paid out for the operation of a business
track what you own and what other people owe you
are what you owe to others
contains all accounts needed to prepare financial statements
track money you spend over a specific time frame, it does not have a balance
shows the difference between income and expenses, net income
represents a snapshot of the account equation
statementofcashflow/shows the true amount of cash you have
the difference between what you own and what you owe

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

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

First year accounting Word Search

First year accounting Word Search
Word Search

Business transactions
Accounts Receivable
Advertising Expense
Accounts payable
Cash in the bank
Income statement
Closing entries
General journal
Bank statement
Balance sheet
Owners equity
Trail Balance
Cash receipt
Rent expense
Net income
On account
Net loss

Financial Terms Crossword

Financial Terms Crossword

This is the assets (or money) available to an organisation to re-invest and create new assets. It starts with C.
An ______ is an independent examination of an organisation's records and financial statements (report and accounts).
These are things which are owned by a business such as buildings, vehicles, stock and money in the bank.
You make this if you sell or dispose of a long−term asset (such as a building) for more than it cost you. Two words ______ G____
These are short−term assets which are constantly changing in value, such as stocks, debtors and bank balances (two words)
This is the value of a company’s assets minus any liabilities. Basically, the value of something less the money owing on it.
Any of the costs involved in running the business.
A __________ is one which is intended to be used for several years and not be converted into cash. Examples are buildings, machinery and vehicles (two words)
This is the difference between the selling price of goods and what they cost to buy (two words).
These are debts that a person or an organisation owes.
This is the profit left after all overheads have been taken off (two words).
A detailed projection of all estimated income and expenses based on forecasted sales revenue for a year (two words) O_______ ________
The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise.
Trainer's name

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


Accounting Ratios & Calculations Crossword

Accounting Ratios & Calculations Crossword

Net Earnings / Average Shareholder's Equity
Net Earnings + Interest Expense / Average Total Assets
Return on Equity - Return on Assets
Net Earnings Available to Common Shareholders / Average Number C.S. Outstanding
Cash Flow from Operating Activities / Net Earnings
Net Earnings / Net Sales
Net Sales / Average net Fixed Assets
Cash + Cash Equivalents / Current Liabilities
Current Assets / Current Liabilities
Quick Assets / Current Liabilities
Net Credit Sales / Average Net Trade Receivables
Cost of Sales / Average Inventory
Cost of Sales / Average Net Trade Payables
Net Earnings + Interest Expense + Income Tax Expense / Interest Expense
Total Liabilities / Shareholders' Equity
Current Market Price per Share / Earnings Per Share
Accounting Equation

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 concepts Crossword

Accounting concepts Crossword

Every ___________ recorded in a business will have a debit value that equals a credit value.
Assets = Owners’ __________ + Liabilities
Any transaction will change the ___________ of a business.
What is the name of the account that is debited when an owner takes money from the business for his or her personal use?
A/An ___________ is an obligation to pay back what is owed over a period of time.
_________ income is an example of a business asset (property) used to generate income.
Transactions are completed when ________________ (D) of a good or service has taken place.
Advertising is a/an _______________ account.
Services rendered by employees can be classified as a Wages and ____________ expense account.
The double entry principle states that each _____ entry has an equal credit entry.

Accounting - Chapter 1 Vocabulary Crossword

Accounting - Chapter 1 Vocabulary Crossword

Planning, recording, analyzing, and interpreting financial information
Financial reports that summarize the financial condition and operations of a business
Business that performs an acitivty for a fee
A business owned by one person
Anything of value owned
An amount owed by a business
The amount remaining after the value of all liabilities is subtracted from the value of all assets
An equationshowing the relationship amont assets, liabilities, and owner's equity
A business activity that changes assets, liabilities, or owner's equity
A record summarizing all the information pertaining to a single item in the accounting equation
The amount in an account
The account used to summarize the owner's equity in a business
An increase in owner's equity resulting from the operation of a business
A sale for which cash will be received at a later date
A decrease in owner's equity resulting from the operation of a business
Assets taken out of a business for the owner's personal use