Accounting Terminology Crossword

Where cash receipts are recorded?
Most current Assets lose value over a period of time.
Drawing is not an _______
Expenses of the business cause the Owner’s Equity to _________
Money is owed by this person/business (Current Asset)
Material costs are materials used in _________ a product
Income of a business cause the Owner’s Equity to ___________
The trader adds % markup to get his_____
Capital is deposited into the business _____ account
Income generated from the activities of a service business.
Capital is not an _________
This material is used to keep products safe from contamination or from being damaged.
Salaries, stationery, advertising and donations are examples of _______
Another name for petrol
Money is owed to this person/business (Liability)
This is an example of a Non - current asset
The owner makes a withdrawal from the business for personal use (Owner’s Equity Account)
The owner’s stake in the business is call Owner’s _______
Paper, glue, post-it notes, petty cash vouchers
A Mortgage Bond is an example of a ______Term Liability
Income generated from activities of a trading business.
The order of receipts in a receipt book
The same as “Cost of sales”
An overdraft is an example of a ______ Term liability
Accounting is built on the Accounting ___________
The Accounting Equation ___________
Accounting is built on the Accounting __________
Possessions are called ________
The money that the owner lends to the business (Owner’s Equity Account)