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Crossword Puzzle
Crossword Puzzle

BASIC ACCOUNTING CONCEPTS

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BASIC ACCOUNTING CONCEPTS

Crossword Puzzle

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Understanding these ten fundamental terms provides a strong foundation for analyzing the financial and investment structure of any company.

Created by

ISHTAR MENASSA
ISHTAR MENASSA
Colombia

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BASIC ACCOUNTING CONCEPTS
 

Crossword Puzzle

BASIC ACCOUNTING CONCEPTSOnline version

Understanding these ten fundamental terms provides a strong foundation for analyzing the financial and investment structure of any company.

by ISHTAR MENASSA
1

Resources owned by a company that have economic value and can generate future benefits.

2

Financial obligations or debts that a company must pay in the future

3

The owner’s residual interest in the company after liabilities are deducted from assets

4

A financial report that shows a company’s revenues and expenses over a specific period

5

The income earned from selling goods or providing services

6

The costs incurred in the process of generating revenue

7

A financial statement that presents assets, liabilities, and equity at a specific point in time.

8

The movement of money into and out of a business

9

The gradual decrease in value of a long-term asset over time.

10

The formula Assets = Liabilities + Equity, which represents the structure of a company’s finances.

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