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Accounting Terms

Crossword clues: You can scroll up and down if needed.
Across
What is left over after you subtract business liabilities from business assets.
What happens when the IRS examines your tax return.
An amount of money that can be offset against a tax liability.
A liability to a creditor, carried on open account, usually for purchases of goods and services.
A company's net income, which is the bottom line of the income statement.
Actual changes in cash as opposed to accounting revenues and expenses.
Down
The number of net dollars earned per each dollar of invested monies.
A reduction in the value of an asset with the passage of time, due in particular to wear and tear.
Lowers your taxable income, which therefore lowers your tax liability.
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Payment you receive when the government owes you money.
Revenue service of the United States federal government.