Accounting Terminology Crossword Puzzle

Accounting Terminology

Determine the terminologies using the clues down below:

Across

Down

A list of goods/services provided. Can either be a purchase or sales __________.

A customer gets this when the amount due on their purchase invoice is reduced if they pay before/on the requested date.

The reduction of the value of an asset; determined along with time (years/months).

Liabilities are listed in the order of __________. It determines how quickly the liability must be paid.

A financial statement that displays the profits/losses of a business (revenue, expenses).

Taxes that businesses hope to earn back from CRA for the spendings of expenses in a business.

Used as a 'diary' to record transactions in detail chronologically.

A formal financial statement that represents a business's financial position.

When a client has already paid for a service that has yet to be done by a business (liability account).

Taxes paid by customers that belong to the government.

A financial event that causes a change in the financial position of a business.

__________ are located on the right side.

Another business/company who has ownership to a business. Money is owed to the __________.

A conditional statement used in spreadsheets ( = IF condition, TRUE response, FALSE response).

Another term for owner's equity.

Money that is owed to the supplier(s) (liability account).

__________ is a term used to determine the 'vibe' in a business between the manager(s) and employees.

Assets are listed in the order of __________. It determines how quickly the assets will be used up.

A person who periodically evaluates the internal control system of a business and looks at the effectiveness/weaknesses.

__________ are located on the left side.

Answer