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Accounting Puzzle

Across
The actual profit after working expenses.
This method allows business to track sales and expenses instead of the amount of cash received or paid out.
Assets = Liabilities + Owner's Equity
Fourth accounting cycle step.
Done to check the accuracy of journal and ledger entries.
Second accounting cycle step.
The amount the owner has invested in the business, plus or minus profits and losses.
Money owed by a company to its creditors.
Sometimes called the profit and loss statement.
A statement of the assets, liabilities, and capital of a business.
The sixth accounting cycle step.
Costs of goods sold - revenue.
Down
A special book or computer program in which transactions are recorded in the order that they occur.
Disbursement journals are used to record.
This method tracks the actual amount of cash a business has on hand.
Money owed to a company by its debtors.
An entry recording a sum received.
An entry recording an amount owed, listed on the left hand side.
The action or process of keeping financial records.
Property owned by a person or company, regarded as having value.