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Accounting Terminology Crossword Puzzle Answer
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Accounting Terminology

Determine the terminologies using the clues down below:

              H                                    
              S                                    
              T                 T                  
        C     P           C     R                  
        R     A           R     A   I N V O I C E  
        E     Y           E     N   F              
        D     A           D     S   S              
        I     B           I     A   T              
        T     L           T     C   A              
    C   S A L E S D I S C O U N T   T              
    A     C               R     I   E              
D E P R E C I A T I O N         O   M A T U R I T Y
    I     O                     N   E              
    T     U                         N              
    A   I N C O M E S T A T E M E N T              
    L     T                                        
        H S T R E C O V E R A B L E                
  M       P                                        
J O U R N A L E N T R Y                            
  R       Y                                        
  A   L   A                                        
  L   I   B A L A N C E S H E E T                  
  E   Q   L                                        
      U N E A R N E D R E V E N U E                
      I     U       E                              
      D     D       B                              
      I     I       I                              
      T     T       T                              
      Y     O       S                              
            R                                      
Across Down
5 A list of goods/services provided. Can either be a purchase or sales __________.
7 A customer gets this when the amount due on their purchase invoice is reduced if they pay before/on the requested date.
9 The reduction of the value of an asset; determined along with time (years/months).
10 Liabilities are listed in the order of __________. It determines how quickly the liability must be paid.
11 A financial statement that displays the profits/losses of a business (revenue, expenses).
12 Taxes that businesses hope to earn back from CRA for the spendings of expenses in a business.
14 Used as a 'diary' to record transactions in detail chronologically.
16 A formal financial statement that represents a business's financial position.
17 When a client has already paid for a service that has yet to be done by a business (liability account).
  1
1 Taxes paid by customers that belong to the government.
2 A financial event that causes a change in the financial position of a business.
3 __________ are located on the right side.
4 Another business/company who has ownership to a business. Money is owed to the __________.
5 A conditional statement used in spreadsheets ( = IF condition, TRUE response, FALSE response).
6 Another term for owner's equity.
8 Money that is owed to the supplier(s) (liability account).
13 __________ is a term used to determine the 'vibe' in a business between the manager(s) and employees.
15 Assets are listed in the order of __________. It determines how quickly the assets will be used up.
18 A person who periodically evaluates the internal control system of a business and looks at the effectiveness/weaknesses.
19 __________ are located on the left side.
  1
 
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