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Chapter 7 and 8 Vocabulary

Across
The depreciation method that charges the same amount of expense to each period of the asset's useful life
The term for when a note's maker is unable or refuses to pay at maturity
The process of allocating the cost of a plant asset to expense in the accounting periods benefiting from its use
Price for plant assets sometimes purchased as a group in a single transaction
Amounts due from customers for credit sales
The cost of borrowing money for the borrower or, alternatively, the profit from lending money for the lender
The write-off method of accounting for bad debts that records the loss from an uncollectible account receivable when it is determined to be uncollectible.
The person to whom the note is payable
The method that uses both past and current receivables information to estimate the allowance amount
When a company can raise cash by borrowing money in return for its receivables as security for the loan
A company's efficiency in using its assets
The depreciation method that charges a varying amount to expense for each period of an asset's useful life depending on its usage
Down
The expected proceeds from converting an asset into cash.
The method of accounting for bad debts that matches the estimated loss from uncollectible accounts receivable against the sales they helped produce
Additions to land and have limited useful lives
The net balance sheet amount of plant assets
The only non-depreciable long-term asset
The amount of time a plant asset is estimated to be in service
Tangible assets used in a company's operations that have a useful life of more than one accounting period
The total amount of depreciation to be charged off over an asset's benefit period equals the asset's cost minus this
The day the note (principal and interest) must be repaid
Face value of the note
Changing receivables to cash before they are due
Stealing money from a cash register, a customer's payment, or refunds received
Buyers of accounts receivables
The one who signed the note and promised to pay it at maturity
Includes all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use