Basic Accounting Crossword

Any business event or activity that involves monetary value is a
Total Liabilities + Equity = ?
Total Assets – Total Liabilities =
Asset and Expense accounts increase with which?
Liability, Equity, and Revenue accounts increase with a
The proof of the equality of debit and credit balances is called _____
incoming assets in return for sold goods or services
outgoing assets or liabilities incurred
the difference between Revenue and Expenses
It is a ‘snapshot’ of the finances of the business at one given time
the items of value owned by the company
the company’s obligations
where we track cash coming into and going out of the business
accounting system which recognizes revenue and expenses as they are earned or incurred, not as cash received or paid
a non-cash expense
The amount contributed by proprietor to start his business
debts that are payable within a year
used for long-term and will likely provide benefits to a company for more than one year
assets that are reasonably expected to be converted into cash within one year
Cash or other property that can be easily converted to cash