Accounting

Name: ______________________   Date: ____________

Use the clues to fill in the crossword.

Across

  1. 1. The excess of revenues over outlays in a given period of time (6)
  2. 6. Amounts paid for goods and services that may be currently tax deductible (plural) (8)
  3. 8. Someone who maintains and audits business ___ (10)
  4. 10. A record of the financial situation of an institution on a particular date by listing its assets (12)
  5. 11. Something that is lost (4)

Down

  1. 2. The entire amount of income before any deductions are made (7)
  2. 3. An obligation to pay money to another party (plural) (11)
  3. 4. An accountant who has passed certain examinations and met all other statutory and licensing (3)
  4. 5. A reduction in the gross amount on which a tax is calculated (plural) (10)
  5. 7. A convincing explanation that reveals basic causes (10)
  6. 9. A useful or valuable quality (plural) (6)
  7. 10. A sum of money allocated for a particular purpose (6)