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Crossword Puzzle
Crossword Puzzle

Basic Accounting Terms Crossword

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Basic Accounting Terms Crossword
 

Crossword Puzzle

Basic Accounting Terms CrosswordOnline version

Test your knowledge of basic accounting terms with this engaging puzzle.

by Pauline Santos
1

Resources owned by an entity that provide future economic benefits.

2

Obligations or debts that an entity owes to outside parties.

3

The wealth or resources contributed by owners to fund operations.

4

Income generated from normal business operations and sales.

5

Costs incurred in the process of generating revenue.

6

The residual interest in the assets of an entity after deducting liabilities.

7

Records that summarize all transactions related to a specific item.

8

It is the amount to be collected from customer who receives the product or services with a promise to pay after some time.

9

It is the amount of goods available for sale at a given point of time.

10

is an amount owed (i.e. to be paid) to suppliers for goods purchased or services performed on credit.

9
8
4
7
5
10
1
6
3
2
1

Resources owned by an entity that have economic value.

2

Obligations or debts owed to outside parties.

3

The residual interest in the assets of an entity after deducting liabilities.

4

Income generated from normal business operations.

5

Costs incurred in the process of earning revenue.

6

Records that summarize all transactions related to a specific item.

7

The difference between total assets and total liabilities.

8

Financial assets or resources used for investment.

6
7
1
8
3
4
 
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