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Accounting Terms

Crossword clues: You can scroll up and down if needed.
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Across
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What is left over after you subtract business liabilities from business assets.
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What happens when the IRS examines your tax return.
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An amount of money that can be offset against a tax liability.
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A liability to a creditor, carried on open account, usually for purchases of goods and services.
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A company's net income, which is the bottom line of the income statement.
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Actual changes in cash as opposed to accounting revenues and expenses.
Down
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The number of net dollars earned per each dollar of invested monies.
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A reduction in the value of an asset with the passage of time, due in particular to wear and tear.
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Lowers your taxable income, which therefore lowers your tax liability.
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A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
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Payment you receive when the government owes you money.
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Revenue service of the United States federal government.