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ACCOUNTING TERMS

Across
IF REVENUE EXPENDITURE IS RECORDED AS CAPITAL EXPENDITURE, PROFIT AND NON-CURRENT ASSET WILL BE __________.
AMOUNT SPENT TO MAINTAIN NON-CURRENT ASSETS THAT WILL BE USED UP WITHIN ONE ACCOUNTING YEAR.
TOTAL ASSETS MINUS TOTAL LIABILITIES
ASSUMES LIFE OF BUSINESS WILL GO ON INDEFINITELY.
INCOME AND EXPENSES OF THE SAME YEAR ARE MATCHED TO FIND PROFIT.
EXPENSES INCURRED IN THE CURRENT ACCOUNTING PERIOD BUT WILL ONLY BE PAID IN THE NEXT PERIOD.
CHEQUES RECEIVED BY THE BUSINESS THAT ARE NOT CLEARED BY THE BANK.
A STATEMENT THAT SHOWS THE ASSETS, LIABILITIES AND EQUITY OF A BUSINESS AT A PARTICULAR DATE.
IT IS USED TO RECORD CREDIT TRANSACTIONS THAT CANNOT BE RECORDED IN THE SPECIAL JOURNALS OR THE CASH BOOK.
Down
PROFITS THAT ARE DISTRIBUTED TO THE SHAREHOLDERS OF A COMPANY.
THE RECORDING PART OF THE ACCOUNTING PROCESS
THE AMOUNT OF GROSS PROFIT ADDED TO THE COST TO GET THE SALES PRICE.
THE AMOUNT OF GROSS PROFIT EARNED FOR EVERY DOLLAR OF SALES REVENUE.
A STATEMENT THAT FOLLOWS THE ACCOUNTING EQUATION
THE BUYING AND SELLING OF GOODS AND SERVICES WHERE THE PAYMENT IS MADE AT A LATER DATE.
ITEMS BOUGHT BY THE BUSINESS FOR THE PURPOSE OF RESALE.