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	D	R	K	I	X
T	I	N	C	O	M	E	F	N
N	V	A	R	I	A	N	C	E
T	I	A	B	U	D	G	E	T
V	I	G	S	I	Q	L	P	T
Q	Q	F	R	S	L	G	K	E
C	V	H	O	A	E	I	O	N
F	J	S	E	R	M	T	T	C
A	E	S	N	E	P	X	E	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	N	V	A	R	I	A	N	C	E
4	T	I	A	B	U	D	G	E	T
5	#	I	G	S	I	#	#	#	#
6	#	#	F	R	S	L	#	#	#
7	#	#	#	O	A	E	I	#	#
8	#	#	#	#	R	M	T	T	#
9	#	E	S	N	E	P	X	E	Y

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