Word Scramble for... Accounting Principles

NOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer.

If you have any difficulty answering the questions, learn more about this topic by reading our mini-lectures covering introductory of Accounting Principles.


Word Clue
Scrambled
Answer
Unscrambled
Answer
 1. General guidelines. CREPISNPIL PRINCIPLES
 2. The __________ unit assumption means transactions of U.S. companies are reported in dollars. TORENYAM MONETARY
 3. Adjusting entries help to achieve the ____________ principle. NTAGHMIC MATCHING
 4. The cost principle is often described as the __________ cost principle. THLSCOIARI HISTORICAL
 5. __________ practices allows the format of a public utility's balance sheet to be different from that of a manufacturer. UTIRNYSD INDUSTRY
 6. The concept of _________________ allows for the violation of an accounting principle when the amounts are insignificant. IYARMILETAT MATERIALITY
 7. The __________ entity assumption results in business transactions being kept separate from a sole proprietor's personal transactions. IOCENOCM ECONOMIC
 8. In cases of uncertainty, less profit is reported under this concept. RVETMCSOINSA CONSERVATISM
 9. Full __________ is achieved through the notes to the financial statements. ODRCSILUSE DISCLOSURE
10. This assumption justifies quarterly financial statements. IRDOCYIPIET PERIODICITY
11. Defined as the cash or cash equivalent amount at the time of a transaction. TOCS COST
12. Accrual accounting is related to this principle. NAGMITCH MATCHING
13. Results in the reporting of contingent losses, but not contingent gains. VESTMIRNASOC CONSERVATISM
14. Permits the immediate expensing of insignificant assets. TRIALITAEMY MATERIALITY
15. FASB is the acronym for _____________ Accounting Standards Board. AFAILNCIN FINANCIAL
16. The __________ concern assumption is that an enterprise will continue on long enough to carry out its objectives and commitments. OGIGN GOING
17. Communicating the significant accounting policies in the first note to the financial statements is related to the full ______________ principle. SECLUDORIS DISCLOSURE
18. The U.S. government agency with authority over the reporting requirements of corporations whose stock is publicly traded in the U.S. is the Securities and ______________ Commission. HXGAENEC EXCHANGE
19. Under the __________-basis of accounting, revenues are reported on the income statement in the period in which they are earned. CUCLARA ACCRUAL
20. Part of the _______________ unit assumption is that the U.S. dollar retains its purchasing power over time. ATORMNYE MONETARY

If you have any difficulty answering the questions, learn more about this topic by reading our mini-lectures covering introductory of Accounting Principles.

Go Top

Contact us

If you ’re after some specific information let us know, or if you are interested in supporting our work and would like to contribute, you are welcome to make a small donation. It will be a great help and will surely be appreciated.