Learn Basic Accounting Terms Crossword Puzzle

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Instruction: Select a cell, type in answers based on clues, and complete the puzzle.

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Accounting is the process of planning, recording, analyzing, and interpreting financial information. It serves as the backbone of any business, providing insights into financial health and helping to make informed decisions. To help you get familiar with essential accounting concepts, we've created the Basic Accounting Terms Crossword. This engaging activity is designed to introduce you to key terms that are fundamental in the world of accounting.

Whether you're a student just starting out, a business owner, or simply looking to brush up on your accounting knowledge, this crossword will challenge your understanding and solidify your grasp of important terms. From understanding what an asset is to knowing the difference between a debit and a credit, this crossword covers it all. Are you ready to test your knowledge and learn more about the basics of accounting? Try the Basic Accounting Terms Crossword today and see how many terms you can identify.

Learn Basic Accounting Terms Clue List

Across

1. An amount owed by a business.
2. An increase in owner's equity resulting from the operation of a business.
3. The account used to summarize the owner's equity in a business.
4. A decrease in owner's equity resulting from the operation of a business.
5. An amount recorded on the left side.
6. Planning, recording, analyzing, and interpreting financial information.
7. Type of balance on the side of the account that is increased.
8. A financial statement that reports assets, liabilities, and owner's equity on a specific date.

Down

1. An accounting device used to analyze transactions.
2. A business activity that changes assets, liabilities, or owner's equity.
3. An amount recorded on the right side.
4. Assets taken out of a business for the owner's personal use.
5. Anything of value that is owned.
6. Financial rights to the assets of a business.
7. The amount of remaining value of all liabilities subtracted from the value of all assets.