Free Guide to
Bookkeeping Concepts

Accounting Bookkeeping Concepts PDF Cover

Receive our free 18-page Guide to Bookkeeping Concepts (PDF) when you subscribe to our free newsletter.

You are already subscribed. This offer is not available to existing subscribers.
Step 2: Please check your email and click the confirmation link.


Elements of Financial Statements (Word Scramble)

To see each answer, press or click on the blue "Unscramble" button.

1. Probable future economic benefits is part of the definition of __________. ASSETS STASES Unscramble
2. Inflows from delivering goods or services and other activities that are part of a company's main operations. REVENUES ESEERUNV Unscramble
3. The residual interest in the assets of an entity after deducting liabilities. EQUITY YQUIET Unscramble
4. ______________ by owners increase their ownership interest. INVESTMENTS TSNMISVENTE Unscramble
5. Probable future sacrifices resulting from a past transaction or event. LIABILITIES IILLBESTIAI Unscramble
6. Outflows, using up of assets, or incurring a liability as the result of earning revenues. EXPENSES SENPSEEX Unscramble
7. Other ___________________ income includes unrealized gains or losses on available-for-sale securities. COMPREHENSIVE PORCHESIMEVEN Unscramble
8. The net outflows resulting from peripheral transactions. LOSSES SSOLES Unscramble
9. __________________ to owners will decrease owner's equity. DISTRIBUTIONS TORNDUSTIBISI Unscramble
10. The net increases in equity from peripheral transactions. GAINS SAGIN Unscramble