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terms
down payment
exposition
expansion
percent
property
contract
cash reserves
revenue stream
equity
ledger
financial troubles
assets
lease
quality standards
bank
franchise
construction loan
business loan
loan

Finance Word Search

Type
Word Search
Description

Rights
Lease
Variable
Sale
Profit
Partnership
Expenses
Leverage
Liability
Investor
Equality
Dividend
Loan
Default
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Credit Card
Credit History
Corporation
Capital
Business Plan
Audit
Asset
Annual Meeting
Job
Banking
Economics
Financial Affairs
Investment
Commerce
Accounts
Business
Manage
Budget
Money
Bank

Unit 4 review Crossword

Type
Crossword
Description

all income that a business receives over time Revenue
the cost of operating a business Expenses
provides detailed plans for the financial needs of many Budget
plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable Start-up budget
describes the financial plan for ongoing operations of a business for a specific period Operating Budget
an estimate of the actual money received and paid out for a specific period Cash budget
used to record and analyze the financial performance of a business Financial Records
a report that covers the revenue and net income or loss for a specific period Income Statement
the financial record of employee compensation, deductions and compensation Payroll
refers to the day-to-day financial activities associated with using limited income to satisfy your unlimited needs and wants Money Management
the difference between a persons assets and liabilities Net Worth
any difference between actual spending and budgeted amounts Budget Variance
a report that summarizes your current financial condition and sets a direction for future financial activities Financial Plan
supervises and regulates member banks to help banks serve the public efficiently Federal reserve system
offer a wide variety of financial services Commercial Bank
used for ATM transactions Debit Card
a written notice that tells the bank not to pay a certain check Stop payment order
the storing of money for future use Saving
using your savings to earn more money Investing
the ease with which an investment can be changed into cash without using its value Liquidity
the price at which stocks are being bought and sold Market Value
the difference between the price at which you can currently sell your house and the amount owed on the mortgage Equity

Accounting Bingo

Type
Bingo Cards
Description

payroll
journal
chart of accounts
profit
cash
financial statement
Unit of Measurement
general ledger
revenue
debit
credit
accounts payable
accounts receivable
expenses
Objective Evidence
accrual accounting
sales
depreciation
balance sheet
income statement
equity
Realization of Revenue
liability
asset
Accounting Period Cycle
Business Entity
Consistent Reporting
Full Disclosure
Going Concern
Historical Cost

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First year accounting Word Search

Type
Word Search
Description

Accounts payable
Accounts Receivable
Advertising Expense
Assets
Balance sheet
Bank statement
Business transactions
Cash in the bank
Cash receipt
Closing entries
Credit
Debit
General journal
Income statement
Ledger
Liabilities
Memorandum
Net income
Net loss
On account
Owners equity
Rent expense
Revenue
T-account
Trail Balance
Withdrawl

Financial Aspects of Business Word Search

Type
Word Search
Description

life in
liability insurance
property insurance
insurance policy
human risks
natural risks
economic risks
risk management
credit union
equity capital
capital
start up cost
personal statement
business plan
corporation
limited parternship
General Partnership
Partnership
Sole Proprietorship
Franchise
Entrepreneurship
Product Service Warranty
Cash flow Statement
Equity
Long term Liabilities
Curent Liabilities
Fixed Assets
Current Assets
Balance Sheet
Continuing cost
One time costs

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

Personal Finance Terms Crossword

Type
Crossword
Description

person or organization that uses a product or service consumer
form of deferred payment credit
obligation of repayment owed by one party debt
system which goods are produced and distributed economy
to be an informed consumer; Financial... literacy
fee paid by a borrower to the lender interest
a debt evidenced by a “note” loan
decisions made by an individual regarding their money personal finance
anything owned by an individual assets
earnings from work or investments income
state of being obligated according to law liabilites
delayed gratification discipline
detailed proposal for doing or achieving something plan
currency and coin that are legal tender by government money
a written cash flow plan budget
an insistent request made as if by right demand
dividing money a person invests between several types of investments. diversification
quality of an asset that permits it to be converted quickly into cash without loss of value liquidity
payment or concession to stimulate greater output or investment incentive
obligates the borrower to make a predetermined series of payments mortgage
interest paid (daily, monthly and annually) on interest previously earned compound interest
$500 in readily available cash for emergencies only; the goal of the First Foundation emergency fund
percentage paid to a lender for the use of borrowed money; percentage earned on invested principle interest rate
the 5 steps to financial success five foundations
saving money over time for a large purchase sinking fund
a persistent rise in the price of goods and services inflation
recurrent fluctuation in the total business activity of a country business cycle
an accumulated stock of wealth, whether in money of property capital
to bargain or exchange in trade barter
an agreement between two or more parties that limits the action or inaction of each party contract
a specified sum of money covered for by the patient’s insurance copayment
person or firm to whom money is due creditor
investment in stocks, property, or other ventures in hopes of gaining speculation
not having enough paid work or not doing work that makes full use of their skills and abilities underemployed
a sum of money paid to a patentee for the use of a patent royalty
a thing that is wanted or required need
income, especially from a company or organization of a substantial nature revenue
give, put, or send (something) back to a place or person return
the degree of wealth and material comfort available standard of living
a U.S. government agency responsible for collecting taxes and enforcing tax laws IRS

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

ACCOUNTING WORD SEARCH

Type
Word Search
Description

ADJUSTMENT
ASSET
BOOK VALUE
CASH
CORPORATION
CREDIT
DEBIT
DEPRECIATION
DIVIDEND
EQUITY
EXPENSES
INVENTORY
INVOICE
JOURNAL
LEDGER
LIABILITY
MEMORANDUM
MERCHANDISE
PAYROLL
POSTING
PREPAID
PURCHASE
RECEIPT
REVENUE
SALARY
SALES
SHARE
SOURCE

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