Accounting crossword

Across 1. The accounting process whereby revenues are measured and recorded as earned, while expenses are recorded as incurred 2. The process used to allocate the cost of a long-lived property to the accounting periods benefited 3. An accounting assumption that purports to divide a continuous business process into measurement intervals, such as months, quarters, and years 4. An accounting approach where revenue is recorded when cash is received (no matter when "earned"), and expenses are recognized when paid (no matter when "incurred") 5. The point at which revenue is in the accounting records; ordinarily the point of sale 6. Revenue that has been collected in advance of providing goods and services to "earn it;" reported as a liability until earned 7. Unpaid expense are expenses that have already been Down 1. To analyze account balances and update them at the end of an accounting period to reflect the correct measure of revenues and expenses 7. Expenses and revenues that gradually accumulate throughout an accounting period 10. Goods or services purchased in advance of their consumption are 11. To associate expenses with revenues, and record them in simultaneous accounting periods 13. A one-year accounting period that does not correspond to a calendar year