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Accounting Terminology



                        P                                          
                        R                                          
                        O                               S          
                        P                               T          
                        R                               A          
                        I                         M     K          
                        E                         E     E          
                        T                         M     H          
                        O         A               O     O          
                        R         C               R     L          
                        S         C               A     D          
                        H         O               N     E          
                        I         U               D     R          
                        P E R M A N E N T A C C O U N T S          
                          L       T               M                
    S A L E S I N V O I C E                                        
                          C O M P O N E N T P E R C E N T A G E    
H I S T O R I C A L C O S T                                        
                          R E A L I Z A T I O N O F R E V E N U E  
                          O                                        
                    E   U N I T O F M E A S U R M E N T            
                    T     I                                        
                    H     C O N S I S T E N T R E P O R T I N G    
                    I     F                                        
                  A C C O U N T I N G E Q U A T I O N              
                    S     N                                        
                          D                                        
                          S P E C I A L E N D O R S M E N T        
S O U R C E D O C U M E N T                                   T    
                          R                                   A   S
                          A C C O U N T I N G P E R I O D C Y C L E
                          N                         N     L   C   R
                  A D J U S T I N G E N T R I E S   V     O   O   V
                          F                         O     S   U   I
                I N C O M E S T A T E M E N T       I     I   N   C
                  E       R                         C     N   T   E
                  T                                 E     G       B
                  L                                       E       U
                  O                                       N       S
                  S                                       T       I
                  S                                       R       N
                                                          I       E
                                                          E       S
                                        P R O V I N G C A S H     S
Across Down
5 accounts used to accumulate information from one fiscal period to
7 an invoice used as a source document for recording a sale on account
8 the percentage relationship between one financial statement
9 the actual amount paid for merchandise or other item bought is recorded
10 Revenue is recorded at the time goods or services are sold.
12 Business transactions are stated in numbers that have common
13 the same accounting procedures are followed in the same way each
14 an equation showing the relationship among assets, liabilities, and
15 an endorsement indicating a new owner of a check
16 a business paper from which information is obtained for a journal
19 changes in financial information are reported for a specific period of
22 journal entries recorded to update general ledger accounts at the end
23 a financial statement showing the revenue and expenses for a fiscal
25 determining that the amount of cash agrees with the balance of the cash
1 a business owned by one person
2 any persons or groups who will be affected by an action
3 a form on which a brief message is written describing a transaction
4 a record summarizing all the information pertaining to a single item in the
6 a computerized cash payments system that transfers funds
11 the principles of right and wrong that guide an individual in making decisions
17 an accounting device used to analyze transactions
18 a business that performs an activity for a fee
20 a form describing the goods or services sold, the quantity, and the price
21 journal entries used to prepare temporary accounts for a new fiscal
24 the difference between total revenue and total expenses when total expenses are
 
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