Crossword Puzzles for...Debits and Credits
Debits and credits are part of double-entry accounting and bookkeeping. Recording a transaction under double-entry requires that at least one account will have an amount entered as a debit—which means entered on the left side of an account. It also requires that at least one account will have an amount entered as a credit—which means entered on the right side of an account. Each transaction must have the total of the debits equal to the total of the credits.
Reinforce your accounting and bookkeeping knowledge with these free accounting crossword puzzles with answers. If you have any difficulty answering the questions, learn more about this topic by reading our mini-lectures covering introductory to Debits and Credits.
Sample Debits and Credits Questions
1) When an amount is entered on this side of an account, we say the account was debited.
2) A listing of all of the accounts in the general ledger with the debit amounts in one column and the credit amounts in another column is a _________ balance.
3) A journal entry with just two accounts is a ___________ journal entry.
4) When a corporation declares these, there needs to be an entry to debit Retained Earnings and to credit a liability account.
5) A company's accounts are housed in the general _______________.
6) When a transaction is recorded, there are at least _________ accounts involved.
7) The difference between a sole proprietorship's total assets and its total liabilities is ___________'s equity.
8) Costs that have been used to earn revenues.
9) This type of account is credited when the proceeds from the sale of an asset used in the business exceeds its book value.
10) Fees that have been earned are recorded in this type of account.