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Crossword Puzzle
Crossword Puzzle

Basic Accounting Terms

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Basic Accounting Terms

Crossword Puzzle

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About this activity

Test your knowledge of fundamental financial vocabulary.

Created by

namratasuhag47 2024-2026
namratasuhag47 2024-2026
India

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Basic Accounting Terms
 

Crossword Puzzle

Basic Accounting TermsOnline version

Test your knowledge of fundamental financial vocabulary.

by namratasuhag47 2024-2026
1

Economic resource owned by the business expected to bring future benefits.

2

Financial obligation the business owes to others; e.g., loan payable.

3

Revenue from normal business operations like sales or services.

4

The excess of income over expenses during an accounting period.

5

Customers who owe money to the business for goods sold on credit.

6

Suppliers to whom the business owes money.

7

Goods held for sale or raw materials used in production.

8

The gradual decrease in value of fixed assets due to wear and tear.

9

An event involving monetary exchange between parties; e.g., purchasing goods on credit.

10

A systematic record that groups similar financial transactions together.

11

Owner's vehicle being used in the business

12

Electricity bill of house paid by owner from business's bank account

13

Building and Machinery are examples of ____ fixed assets.

14

An intangible asset

15

Finished products in warehouse

16

The spending of money or the incurring of a liability for the acquisition of assets or services.

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