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Dan's Accounting Crossword
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accounting:A function that systematically identifies, records and communicates financial information about an entity.
bookkeeping:A subset of the accounting function.
bank:An external user who will require accounting information to determine whether a loan should be approved.
internal:Users of accounting information can be both .................... and external to the organisation.
manufacturing:...................... sector. Converts raw materials into finished goods for sale.
company:A type of business structure where the organisation is recognised as an entity which is legally separate from its owners.
analysis:The third step in the accounting cycle.
reporting:The last step in the accounting cycle.
transaction:An economic event where something of value is exchanged for something else of value.
doubleentry:A type of accounting system where at least two account entries are made for each transaction (two words 6,5).
account:An ................ is used to group together similar types of business transactions.
asset:Something of value that will provide future economic benefit to the organisation.
ownersequity:The difference between assets and liabilities. The owners residual ownership in the business (two words 6,6).
liabilities:future obligations of an entity arising from past transactions or events.
equation:The accounting ............... states that assets are equal to liabilities plus owners equity.
balance:Assets, liabilities and owners equity are represented on the ................ sheet.
debit:An amount entered on the left hand side of a journal or ledger.
credit:An amount entered on the right hand side of a journal or ledger.
increased:Owners equity is ................. by a credit entry.
decreased:Expenses are ................... by a credit entry.
generalledger:A .................. contains the entire group of accounts maintained by a company (two words (7,6).
posting:The process of transferring journal information to the general ledger.
trialbalance:Prepared to prove the accuracy of the ledger system. Provides account balances at a given point in time (two words 5,7).
Dan's Accounting Crossword
Across:3. | An external user who will require accounting information to determine whether a loan should be approved. | 4. | Something of value that will provide future economic benefit to the organisation. | 6. | The process of transferring journal information to the general ledger. | 9. | future obligations of an entity arising from past transactions or events. | 11. | A function that systematically identifies, records and communicates financial information about an entity. | 15. | Owners equity is ................. by a credit entry. |
| 17. | Users of accounting information can be both .................... and external to the organisation. | 18. | Assets, liabilities and owners equity are represented on the ................ sheet. | 19. | Expenses are ................... by a credit entry. | 20. | An economic event where something of value is exchanged for something else of value. | 21. | The third step in the accounting cycle. |
| | Down:1. | The difference between assets and liabilities. The owners residual ownership in the business (two words 6,6). | 2. | Prepared to prove the accuracy of the ledger system. Provides account balances at a given point in time (two words 5,7). | 3. | A subset of the accounting function. | 4. | An ................ is used to group together similar types of business transactions. | 5. | ...................... sector. Converts raw materials into finished goods for sale. | 7. | A .................. contains the entire group of accounts maintained by a company (two words (7,6). |
| 8. | The last step in the accounting cycle. | 10. | An amount entered on the right hand side of a journal or ledger. | 12. | A type of business structure where the organisation is recognised as an entity which is legally separate from its owners. | 13. | The accounting ............... states that assets are equal to liabilities plus owners equity. | 14. | An amount entered on the left hand side of a journal or ledger. | 16. | A type of accounting system where at least two account entries are made for each transaction (two words 6,5). |
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© 2013
PuzzleFast.com, Noncommercial Use Only
Dan's Accounting Crossword
Across:3. | An external user who will require accounting information to determine whether a loan should be approved. | 4. | Something of value that will provide future economic benefit to the organisation. | 6. | The process of transferring journal information to the general ledger. | 9. | future obligations of an entity arising from past transactions or events. | 11. | A function that systematically identifies, records and communicates financial information about an entity. | 15. | Owners equity is ................. by a credit entry. |
| 17. | Users of accounting information can be both .................... and external to the organisation. | 18. | Assets, liabilities and owners equity are represented on the ................ sheet. | 19. | Expenses are ................... by a credit entry. | 20. | An economic event where something of value is exchanged for something else of value. | 21. | The third step in the accounting cycle. |
| | Down:1. | The difference between assets and liabilities. The owners residual ownership in the business (two words 6,6). | 2. | Prepared to prove the accuracy of the ledger system. Provides account balances at a given point in time (two words 5,7). | 3. | A subset of the accounting function. | 4. | An ................ is used to group together similar types of business transactions. | 5. | ...................... sector. Converts raw materials into finished goods for sale. | 7. | A .................. contains the entire group of accounts maintained by a company (two words (7,6). |
| 8. | The last step in the accounting cycle. | 10. | An amount entered on the right hand side of a journal or ledger. | 12. | A type of business structure where the organisation is recognised as an entity which is legally separate from its owners. | 13. | The accounting ............... states that assets are equal to liabilities plus owners equity. | 14. | An amount entered on the left hand side of a journal or ledger. | 16. | A type of accounting system where at least two account entries are made for each transaction (two words 6,5). |
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© 2013
PuzzleFast.com, Noncommercial Use Only