Accounting Terms Crossword Puzzle

QUESTIONS LIST:

• bonus : term for shares issued to existing shareholders instead of cash dividends
• accrual : accounting principle recognizing revenues and expenses when incurred, not when cash is received or paid.
• reserve : a type of capital account allowing a portion of profits set to be aside for future use or contingencies.
• retained earnings : profits kept in the business instead of being distributed as dividends.
• comprehensive : a statement of _ income shows profits which includes all gains and losses
• debenture : a long-term liability instrument secured by a company’s assets and reputation
• liquidity : the ability of a business to meet its short-term financial obligations.
• prudence : an accounting concept that ensures expenses and liabilities are not understated and profits are not overstated
• materiality : the principle that states insignificant financial information may be ignored in reporting.
• dissolution : the process of legally ending a business partnership or company.
• realization : principle that states that income or revenue is recognized only when earned
• par value : the nominal value assigned to a share of stock.
• insolvent : when a partner is unable to cover his liabilities, he is considered _
• goodwill : the intangible value of a business, including reputation and customer loyalty.
• share premium : the amount received for shares above their par value.
• dividends : a portion of a company’s profits distributed to shareholders.
• operating : core business activities that generate revenue, first section of statement of cash flows
• convertible : _ preference shares can be exchanged for a different type of security, usually ordinary shares