The net income of a company is sometimes referred to as the ____________ line (of the income statement
The owner's equity section of a corporation's balance sheet is known as shareholders equity or ______________equity.
The basic accounting ______________ is Assets = Liabilities + Owner's Equity.
Person or business that creates the check
The financial statement that reports the financial position of a company as of an instant or point in time is the ________________ sheet.
Running record of all transactions in the checking account
Written commitment by one person to another to pay a sum at a later date
The 'books' of the company that contains all of the accounts is the general ____.
_______ depreciation is where the greatest proportion of the expense is taken in the first year.
An entry on the left side of an account.
Some people refer to the income statement as the profit and ______ statement.
This component of Property, Plant & Equipment is not depreciated.
Amount charged for the loan expressed as a percentage
Rent charged for the use of money
Bank on which the face amount is drawn
The financial statement that reports the revenues and expenses of a company for a period of time is the ______________ statement.
Down
Loan in which the interest on the note is paid in advance
Known as the book of original entry, it lists transactions in order by date.
Most liability accounts have this word as part of their title.
The balance sheet classification that reports the obligations of the company
The title of the asset account that reports the unexpired cost of insurance premiums that have already been paid is _____________ Insurance.
When a company provides a service and allows the customer to pay in 30 days, the account to be debited is Accounts ______________
Because the accounting system used in the U.S. requires at least one debit and one credit, we refer to the accounting system as _____________-entry.
A major element of the income statement that reports the costs that have been used in order to obtain revenues during the accounting period.
A listing of all of the accounts available in the general ledger is a __________ of accounts
Depreciation method where the salvage value is deducted from the cost and the remaining amount is divided by the useful life
The systematic allocation of the cost of equipment and buildings used in a business from the balance sheet to the income statement over the useful life of the asset
An intangible asset a business gains as it establishes a reputation in the community for reliability and good service
Resources owned by a company (such as cash, accounts receivable, vehicles) are reported on the balance sheet and are referred to as __________.
Person or business that endorses the check
An entry to the right-side of an account.
Number of months or days the principal is held by the borrower
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It looks weird when printed.
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When you hit the 'Arrange' button, our algorithm will try to arrange all your words on the grid, and will move words around to try to fit the most words.
This will get all the words on the grid about 90% of the time, depending on the word list. For the other 10%, you will get an alert explaining that the words that did not fit were added to the scratchpad.
It prints on two pages.
Big puzzles won’t always print on one page — the clues and grid are the smallest we could make them while keeping them readable for everyone.
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