Type
Word Search
Description

This word search contains the following answers:

ACTIVITIES
BANKING
FINANCE
NET INCOME
ACCOUNTANT
CHANGE IN OWNER EQUITY
FISCAL PERIOD
LOSS
EXPENSES
PROFIT
REVENUE
INCOME STATEMENT
OWNER'S EQUITY
BALANCE SHEET
STATEMENTS
FINANCIAL
BUDGET
AUDIT
LIABILITIES
ASSETS

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Accounting Terms: Back to Basics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

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

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Accounting Basics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Anything you own Asset
Assets, Liabilities, and Owners Equity appear on this form Balance Sheet
When expenses are greater than revenue you have a Net Loss
An example of Revenue is Sales
When you owe money Liability
In accounting at least ____________ accounts are affected in a transaction two
This affects owners equity drawing
Revenue, expenses and net income/loss are shown on income statement
__________ is an asset cash
When a customer owes you money receivable
When you owe money payable
Sales minus expenses net income
The fourth step in the accounting cycle is Worksheet
The _________________ entries come from the worksheet Adjusting
The ___________________ entries are done at the end of every month closing

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fundamental of accounting Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

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

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First year accounting Word Search

Type
Word Search
Description

This word search contains the following answers:

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

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Finance Word Search

Type
Word Search
Description

This word search contains the following answers:

Rights
Lease
Variable
Sale
Profit
Partnership
Expenses
Leverage
Liability
Investor
Equality
Dividend
Loan
Default
Debit
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

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Accounting Bingo

Type
Bingo Cards
Description

These bingo cards contain the following answers:

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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Unit 4 review Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

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

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bus vocab Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

A set of concepts and techniques that are used to measure and report financial information about an economic unit. accounting
A financial relationship at the heart of the accounting model: Assets = Liabilities + Owners' Equity accounting equation
The economic resources owned by an entity; entailing probable future benefits to the entity assets
The examination of transactions and systems that underlie an organization's financial statements with the goal or reporting thereon auditing
A financial statement that presents a firm's assets, liabilities, and owners' equity at a particular point in time balance sheet
An individual who is licensed by a state to practice public accounting CPA
A form of business organization where ownership is represented by divisible units called shares of stock corporation
Amounts paid from profits of a corporation to shareholders as a return on their investment in the stock of the entity dividends
The costs incurred in producing revenues expenses
An area of accounting that deals with external reporting to parties outside the firm; usually based on standardized rules and procedures financial accounting
An organization charged with producing standards for financial reporting in the USA (acronym) FASB
Core financial reports that are prepared to represent the financial position and results of operations of a company financial statements
The concept that many transactions and events are to be measured and reported at acquisition cost historical cost p
A financial statement that summarizes the revenues, expenses, and results of operations for a specified period of time income statement
A person within an organization who reviews and monitors the controls, procedures, and information of the organization internal auditor
An organization charged with producing accounting standards with global acceptance IASB
Amounts owed by an entity to others liabilities
An area of accounting concerned with reporting results to managers and others who are internal to an organization managerial accounting
The excess of revenues over expenses for a designated period of time net income
The excess of expenses over revenues for a designated period of time net loss
Resources provided to an organization by a person in exchange for a position of ownership in the organization owner investments
The residual of assets minus liabilities, representing the collective interest or position of the entity's owners owner's equity
A non-corporation representing an association of two or more persons organized to carry out a business plan for a profit motive partnership
Accounting activities provided by a person to the general public, typically relating to audit, tax and similar services public accounting
The excess of a corporation's income over its dividends retained earnings

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Financial Terms Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

This is the assets (or money) available to an organisation to re-invest and create new assets. It starts with C. Capital
An ______ is an independent examination of an organisation's records and financial statements (report and accounts). Audit
These are things which are owned by a business such as buildings, vehicles, stock and money in the bank. Assets
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____ Capital Gain
These are short−term assets which are constantly changing in value, such as stocks, debtors and bank balances (two words) Current Assets
This is the value of a company’s assets minus any liabilities. Basically, the value of something less the money owing on it. Equity
Any of the costs involved in running the business. Expenses
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) Fixed Asset
This is the difference between the selling price of goods and what they cost to buy (two words). Gross Profit
These are debts that a person or an organisation owes. Liabilities
This is the profit left after all overheads have been taken off (two words). Net Profit
A detailed projection of all estimated income and expenses based on forecasted sales revenue for a year (two words) O_______ ________ Operating Budget
The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Revenue
Trainer's name Maree

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ACCOUNTING TERMS Word Search

Type
Word Search
Description

This word search contains the following answers:

Accounts Payable
Accounts Receivable
Assets
Balance Sheet
Budget
Cost of good sold
Credit terms
General Ledger
Inventory
Liabilities
Losses
On account
Profits
Receipts
T accounts
Trial Balance

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