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

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Answer Key for Basics of accounting

X

Y

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

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