Basics of accounting

ASSET
BUDGET
EXPENSE
INCOME
LIABILITY
LOSS
MARGIN
PROFIT
VARIANCE

Basic accounting terminologies for beginners

Try to find all 9 words on this board.

L	O	S	S	B	Z	K	G	S
J	I	N	C	O	M	E	T	Y
T	V	A	R	I	A	N	C	E
P	E	D	B	U	D	G	E	T
G	Q	S	T	I	F	O	R	P
D	D	Q	S	F	L	K	K	D
N	I	G	R	A	M	I	T	H
E	S	N	E	P	X	E	T	O
Q	U	M	M	C	P	Y	X	Y

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Answer Key for Basics of accounting

X

Y

	1	2	3	4	5	6	7	8	9
1	L	O	S	S	#	#	#	#	#
2	#	I	N	C	O	M	E	#	#
3	T	V	A	R	I	A	N	C	E
4	#	E	#	B	U	D	G	E	T
5	#	#	S	T	I	F	O	R	P
6	#	#	#	S	#	L	#	#	#
7	N	I	G	R	A	M	I	#	#
8	E	S	N	E	P	X	E	T	#
9	#	#	#	#	#	#	#	#	Y

Word	X	Y	Direction
ASSET	5	7	nw
BUDGET	4	4	e
EXPENSE	7	8	w
INCOME	2	2	e
LIABILITY	5	5	se
LOSS	1	1	e
MARGIN	6	7	w
PROFIT	9	5	w
VARIANCE	3	3	e