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Accounting Concepts, Accounting Principles, Accounting Equation

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Across:

2.	generally accepted accounting principles
11.	revenues less expenses
12.	appears on both the income statement and the statement of retained earnings

13.	owners' personal transactions are separate from that of the business
14.	revenues are recorded when earned

Down:

1.	expenses are recorded when incurred
3.	transactions are recorded when they happen regardless of whether or not cash is affected
4.	income statement, statement of retained earnings, balance sheet, statement of cash flows
5.	appears on both the statement of retained earnings and the balance sheet
6.	businesses are expected to stay in business in the foreseeable future

7.	assets = liabilities + owners' equity
8.	transactions are journalized here
9.	the financial statement that is the accounting equation in formal format
10.	where transactions are posted in t-accounts
15.	expenses are recorded when cash is paid and revenues are recorded when cash is received

© 2012 PuzzleFast.com, Noncommercial Use Only

Accounting Concepts, Accounting Principles, Accounting Equation

1

M

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G

A

A

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3

A

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N

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C

6

G

N

D

7

A

H

R

O

8

J

A

I

C

I

U

I

O

N

9

B

N

C

N

A

N

U

C

A

G

O

G

L

G

10

L

R

I

L

R

U

P

B

C

11

N

E

T

I

N

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O

M

E

A

A

E

N

R

A

O

D

A

L

N

T

T

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G

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C

A

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12

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E

T

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N

C

O

M

E

T

E

I

N

C

S

E

R

A

S

N

G

I

R

T

H

E

E

P

13

E

N

T

I

T

Y

C

O

N

C

E

P

T

E

E

D

Q

L

M

14

R

E

V

E

N

U

E

R

E

15

C

O

G

N

I

T

I

O

N

P

R

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N

C

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P

L

E

T

A

A

A

N

R

T

S

T

N

I

H

S

I

O

B

N

N

A

G

S

S

I

S

Across:

2.	generally accepted accounting principles
11.	revenues less expenses
12.	appears on both the income statement and the statement of retained earnings

13.	owners' personal transactions are separate from that of the business
14.	revenues are recorded when earned

Down:

1.	expenses are recorded when incurred
3.	transactions are recorded when they happen regardless of whether or not cash is affected
4.	income statement, statement of retained earnings, balance sheet, statement of cash flows
5.	appears on both the statement of retained earnings and the balance sheet
6.	businesses are expected to stay in business in the foreseeable future

7.	assets = liabilities + owners' equity
8.	transactions are journalized here
9.	the financial statement that is the accounting equation in formal format
10.	where transactions are posted in t-accounts
15.	expenses are recorded when cash is paid and revenues are recorded when cash is received

© 2012 PuzzleFast.com, Noncommercial Use Only