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Ch 5&6 Terms

K. Borgatti

Grade 11 Accounting Terms - Chapters 5&6

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Across
4.financial event affecting 2+ accounts
12.money paid to government based on earnings (since WW1) [2 wds]
14.GAAP stating accounting done in fixed periods [3 wds]
15.Revenue > Expenses [2 wds]
17.synonym for the General Journal [4 wds]
20.12 consecutive months in accounting [2 wds]
22.source doc for debiting A/R and crediting Revenue [2 wds]
27.designated busines year on Income Statement [2 wds]
30.money charged by govt from wholesaler to retailer to customer [3 wds]
31.log of money $$$ coming to the business [4 wds]
32.bank notice of interest charges applied to your account [2 wds]
33.the very first business transaction [2 wds]
35.government tax combining federal & provincial dues
36.the act of recording transactions
38.the journal records transactions in this manner
40.account for owner removing assets
41.bank memo stating bank account went UP [2 wds]
42.business person with 50% + 1 shares in a company
43.one who buys shares in a corporation
44.account type of things you OWN
Down
1.book for recording transactions
2.one who works for TD-Canada Trust
3.account for investment $$$ of owner into the company
5.GAAP stating Revenue is recorded when the job is done/goods sold [3 wds]
6.when the business gives the money owed
7.Assets - Liabilities = ??? [2 wds]
8.needed in the journal for the chronological order to be applied
9.GAAP stating Expenses recorded with Revenue it generates [2wds]
10.decrease to equity by spending $$$ trying to generate Revenue
11.a compute cash register [4 wds]
13.source doc when you pay a business [2 wds]
16.the overseer of the workers
18.document showing Revenue and Expenses [2 wds]
19.listing of accounts with their "numbers" [3 wds]
21.the recording of a debit, credit, explanation [2 wds]
23.money owed to the government because of Revenue generation [2 wds]
24.source doc crediting A/P [2 wds]
25.original record of a transaction [2 wds]
26.source doc when Bank and Revenue are affected [3 wds]
28.account type of debts you have - OWE
29.offsets another account (like HST Recov) [2 wds]
34.one who buys things
37.Revenue < Expenses [2 wds]
39.increase to equity by doing what business does

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