Type
Crossword
Description

A person responsible for interpreting financial data. Accountant
Anything of value that is owned Asset
A person responsible for recording business transactions. Bookkeeper
The financial interest of the owner of a business: determined by subtracting total liabilities form the total assests Capital
An association of individuals united for a common purpose to use a common name and to change memebers without dissolving the association; a business chartered under state law and owned by stockholders. Corporation
An owner's withdrawal of cash form his business for personal use. Drawing
The period of time that the books are open to record transactions and summarize accounting information. Fiscal Period
Any amount that is owed. Liability
An association for two or more persons to carry on as co-owners of a business for profit. Partnership
The owner of a business. Proprietor
The increase in owner's equity caused by income from the sale of goods and services. Revenue
A business owned and managed by one person. Sole Proprietorship

Accounting Crossword Puzzle

Type
Crossword
Description

A balance sheet account that tracks the activities that last longer than an accounting period. Permanent Account
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. Financial
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. Worksheet
A business transaction is recorded as a _____________ in the general journal to show how the event changed in the accounting equation. Journal Entry
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. Adjusted
An entry made at the end of an accounting period to zero out all temporary accounts and transfer their balances to permanent accounts. Closing Entry
An income statement account that is used to track accounting activity during an accounting period. Temporary Account
A record or document that contains account summaries for accounts used by a company. General Journal
An exchange of value between two different groups with financial or accounting significance. Transaction
Financial statement ____________ is the purpose of the accounting cycle. Preparation
The financial process starting with recording business transactions and leading up to the preparation of financial statements. Accounting Cycle

Accounting Terms: Back to Basics Crossword

Type
Crossword
Description

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

Business Crossword

Type
Crossword
Description

an unincorporated business with two or more owners partnership
a business that is registered and operates apart from its owners corporation
an owner of shares of stocks in a corporation shareholders
a business that is owned by one person sole proprietorship
insurance agents debt and actions of a business liability protection
full responsibility for all debts and actions of a business unlimited liability
a participant in a partnership oh has unlimited personal liability and takes full responsibility general partner
a partner in a business who is limited to his or her investment limited partner
an entity that pays taxes on earnings C-corporation
he or she is responsible only up to the amount of the individual investment limited liability
a corporation that is taxed like a partner ship Sub chapter S corperation
a legal entity that makes money for reasons other than the owners profit nonprofit corporation
a company who's owner and managers have limited liability and some tax benefits limited liability company

Accounting - Chapter 1 Vocabulary Crossword

Type
Crossword
Description

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

Business Vocabulary Crossword

Type
Crossword
Description

A business or association usually formed to manufacture or supply products or services for profit. Company
A company legally separate from stockholders who own it and the managers who run it. Corporation
A person who organizes, operates, and assumes the risk for a business venture. Entrepreneur
A company owned and managed by two or more people who share its profits or losses. A partnership is not separate from its owners, who are liable for the company’s debts. Partnership
A corporation that doesn’t sell shares to the public. You cannot buy shares of a private company in the stock market. Private corporation
The stock of a public company is owned and traded by individuals and institutional investors. In contrast, the stock is held by company founders, employees, and sometimes venture capitalists. Public corporation
A company owned and run by one individual who receives its profits or its losses. A proprietorship is not separate from its owner, who is liable for the company debts. Sole-proprietorship
Shares of a company that do not guarantee a dividend and have more risk and volatility than preferred shares. Common stock holders have the benefit of providing shareholders with the right to vote for the board of directors as well as on issues that come before the board at the annual meeting of shareholders. Common Stock
A business that is owned by stockholders and has right and responsibilities as if it were a person. Corporation
Part of a company’s profits (earnings) that it pays as money to stockholders. Dividend
The amount of money that remains after subtracting the company’s expenses from its revenue. Earnings
Someone who risks funds by purchasing financial products with the hope the investments will increase in value over time. Investor
The initial sale of stock to the public by investment bankers. IPO
Shares of ownership of a company in which the shareholder is guaranteed a dividend if one is declared and whose shares are usually not as volatile as common stock. Preferred stock holders do not have voting rights in company elections and decisions. Preferred Stock
A company that is owned by a person, family, or small group of investors that does not sell shares of stock in the company to the public. Private Company
A company that is owned by investors who buy shares of stock, partial ownership of the assets of a business, in the corporation usually through one of the stock exchanges. Public Company
The chance of losing all or part of an investment. Risk
A type of security that signifies ownership in a corporation and represents a claim to a part of the company’s profits or losses. Companies usually issue stock to raise money for a variety of reasons, including expanding or modernizing their operations. Stock
An announcement appearing in financial publications such as The Wall Street Journal announcing a company’s Initial Public Offering (IPO.) Tombstone Ad
Indicates how much and how quickly the value of an investment, market, or market sector changes. Volatility
By law, each publicly held corporation must provide its shareholders with an annual report showing its income and balance sheet. In most cases, it contains not only financial details but also a message from the chairman, a description of the company's operations, and an overview of its achievements. Annual Report
Process by which assets of a business are converted to money. Liquidation
The condition of owning stock. The value of a long position is a stock’s current share price multiplied by the number of shares owned. Long position
If you own common stock in a U.S. corporation, you have the right to vote on company policies and to elect the company's board of directors. You may vote in person at the annual meeting or authorize the board to vote on your behalf using an absentee ballot, or proxy,Which you can submit by mail or, increasingly often, by telephone or over the Internet. Proxy
An individual or company (including a corporation) that legally owns one shares of stock in a stock company. The shareholders are the owners of a corporation. Shareholder

Accounting 2 Vocab Chapter 1-4 Crossword

Type
Crossword
Description

anything of value that is owned Asset
an amount owed by a business Liability
financial rights to the assets of a business Equities
the amount remaining after the value of all liabilities is subtracted from the value of all assets Owners Equity
the owners’ equity in a corporation Stockholders equity
an equation showing the relationship among assets, liabilities, and owners’ equity Accounting equation
business papers from which information is obtained for a journal entry Source documents
a form for recording transactions in chronological order Journal
a journal used to record only one kind of transaction Special Journal
a record that summarize all the transactions pertaining to single item in the accounting equation Account
a group of accounts Ledger
a ledger that contains all accounts needed to prepare financial statements General ledger
a ledger that is summarized in a single general account Subsidiary ledger
an account in a general ledger that summarizes all accounts in a subsidiary ledger Controlling account
the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current File maintenance
an accounting system showing accounting information for two or more departments Departmental accounting system
a business that purchases and sells goods Merchandising business
transferring transaction information from a journal entry to a ledger account Posting
a form prepared by the customer showing the price deduction taken by the customer for a return or an allowance Debit Memorandum
an account that reduces a related account on a financial statement Contra Account
a deduction that a vendor allows on the invoice amount to encourage prompt payment Cash discount
when a company that has purchased merchandise on account takes a cash discount Purchases discount
an amount of cash kept on hand and used for making small payments Petty cash
a form prepared by the vendor showing the amount deducted for returns and allowances Credit memorandum
a cash discount on a sale taken by the customer Sales discount
a specialized computer used to collect, store, and report all the information about a sales transaction Point-of-sale terminal
the amount paid to an employee for every hour worked Wage

Accounting Concepts Crossword

Type
Crossword
Description

Life of the business is divided into periods of equal length to measure performance and psoition Accounting Period
Transaction are reported in the period they relate to. Accrual Basis
Business will continue to operate into the foreseeable future. going concern
Transactions must be reported in NZ dollars. monetary concept
Transactions are reported at their original purchase price. historical cost
Financial affairs of the business is kept separate from the financial affairs of the owner and other businesses. Accounting Entity
To show the assumptions followed in preparing the statements and how financial elements have been measured for the entity. Statement of Accounting Policies
To show the income, expenses and measure profit for the period for the entity. Income Statement
To measure assets, liabilities and equity at one point in time for the entity. Statement of Financial Position
Prediction of future cash receipts and payments and also shows the estimated bank balance for a particular time period for the entity. Cash Budget
Prepares, analyses and interprets the financial information to assist in decision making. Financial Accountant
Preparing internal reports and measuring performance within the business including budgets and costing. Management Accountant
Calculating costs of producing the goods or services which the business is selling. Cost Accountant
Carries out independent checks on businesses financial records to ensure accuracy and reliability of the report i.e., “a true and fair view’. Auditors
Calculation and payment of tax, and advice on tax issues. Tax Accountant
These are independent, registered accountants who provide a range of specialist services to businesses as well as providing Chartered Accountants
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. Asset
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. Liability
Residual interest in the assets of the entity after deducting all its liabilities. Owner's Equity
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 Income
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 Expense
It is an item that will benefit the firm beyond the current year . Capital Expenditure
It is an item that will benefit the firm for the current year and is classified as an expense. Revenue Expenditure

Banking Terms Crossword

Type
Crossword
Description

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

fundamental of accounting Crossword

Type
Crossword
Description

Revenue,expenses and net incom/loss are show on INCOMESTATEMENT
Credit recorded when a company purchase inventory on credit from vendors or supplies. ACCOUNTS PAYABLE
A long-term contract to borrow money from a creditor. NOTEPAYABLE
Initial investments made by owners like stock purchases or partnership buy-ins. CAPITAL
A creditor's claim on a company' assets. LIABILITY
Miscellaneous assets that are entire in product production that are too small and inexpensive to capitalize. SUPPLIES
An asset that arises from selling goods or services to someone on credit. RECEIVABLE
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. FINANCIAL
Entry on the left side of an account. DEBIT
A written promise to repay money. NOTESRECEIVABLE
Assets earned by a company's operations and business activities. REVENUES
Entry on the right side of an account. CREDIT
A resource that is owned or controlled by a company that can be used to provide a future economic benefit. ASSET
The _______ ________ statement summarizes how changes in balance sheet accounts affect the cash account during the accounting period. CASHFLOW
The report that shows a company's financial position based on its assets, liabilities, and equity at a single moment in time. BALANCESHEET
A report that shows the income, expenses, and resulting profits or losses of a company during a specific time period INCOME
Accounts listed last on the balance sheet. EQUITY
He is know as father of accounting PACIOLI
When expenses are greater that revenue you have a? netloss
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. UNEARNED
The accounts in this balance sheet classification are credited to increase them LIABILITIES
The difference between a sole proprietorship's total assets and its total liabilities is ___________'s equity. OWNER
Coins,Currencies,checks,bank deposit this is under of____? cash
This is represent the unsold goods at the end of the accounting period? inventories
. Amounts owned to other for expenses already incurred but not yet paid?? accruedincome
Liability to pay the bank or other financing institution arising from funds borrowed by the business from these institution payable within twelve or shorter. loanpayable
assets held by an enterprise for the accretion of wealth non-current-assets
Accepts deposits from people and busniesses and use them to finance their business deposit
Plans incomes and expenses startupbudget
The _________________ entries come from the worksheet adjusting
An example of Revenue is sales
When you owe money payable
The fourth step in the accounting cycle is ? worksheet
This affects owners equity drawing
The ___________________ entries are done at the end of every month closing
charge for using money until repaid at a future date interest
income statement, balance sheet, statement of changes in owner’s equity, and statement of cash flows financialstatement
In accounting at least ____________ accounts are affected in a transaction two
Sales minus expenses net income
A debt evidenced by a "note" which specifies the principal amount, interest rate and date of repayment loan
A written cash flow plan budget

Introduction to Accounting Grade 10 Crossword

Type
Crossword
Description

The process of identifying , measuring, interpreting and communicating financial and other information to interested parties. Accounting
The information in books of business is summarised into... Reports
Statement which records profit and loss Income
The Cash Flow statement reports on this Liquidity
The main purpose of accounting then is to provide information that is useful and accurate and presented in a clear and ________ form. concise
Occurs when a business acts in the best and highest interests of its owners. Accountability
Abbreviation for the Institute of Chartered Accountants ICAA
Accounting rules, practices and procedures with which members of the accounting bodies must comply. Standards
This assumption presumes that a business enterprise ( entity) has an existence separate from the private financial affairs of its owner/s. AccountingEntity
Type of account where money received is recorded. Revenue
Costs occurred in the earning of revenue. Expenses
Items of value that are owned by the business. Assets
Amounts that a business owes to other people or organisations Liabilities
The value of any investment the owner has made in the business. Ownersequity