Criss Cross Puzzle
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Page 1 of 1
Balance Sheet Terms
Across
8. Assets and liabilities that does not meet the definition of current
10. Organized by date and used to record the effects of each day’s transactions
11. Has a direct and measurable financial effect on the assets, liabilities, or equity of a business
12. Organized by account and used to summarize the effects of transaction on each account.
13. Shows a subtotal for current assets and current liabilities
14. The amount remaining on the books when liabilities are subtracted from assets
15. Amounts presently owned by a business
16. Resources presently owned by a business that generate future economic benefits.
Down
1. Terms that refer to the “left” and “right” sides of a T-Account
2. The ratio of current assets to current liabilities used to evaluate a company’s ability to pay current obligations.
3. Requires assets to be recorded at the historical cash equivalent cost, which is the amount paid or payable on the date of the transaction
4. Used up or converted into cash within twelve months of the balance sheet date
5. Indicates the effects of each day’s transaction in a debits-and-credits format
6. Debts and obligations that will be paid, settled, or fulfilled within twelve months of the balance sheet date
7. A summary of all account names and corresponding account numbers used to record financial results in the accounting system
9. A simplified version of a ledger account used for summarizing the effects of journal entries
13. The amount used to record an asset or liability, when in doubt, should be the least optimistic measurement.
17 of 17 words were placed into the puzzle.
Created by Puzzlemaker at DiscoveryEducation.com
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Tuesday, December 27, 2011
12/27/2011