Accounting

3. the process of planning, recording, analyzing, and interpreting financial information.
4. an amount recorded on the left side of an account
6. transferring information from a journal entry to a ledger account
10. any business activity that changes assets, liabilities, or owner's equity
12. recording transactions in a journal
13. a form for recording transactions in chronological order
15. the cost of goods or services used to operate a business
17. assets taken from the business for the owner's personal use
19. an amount recorded on the right side of an account
20. a proof of the equality of debits and credits in a general ledger
22. an amount paid for the use of money for a period of time

1. a formal written document that describes the nature of a business and how it will operate
2. a business form giving written acknowledgement for cash received
5. the difference between assets and liabilities
7. an amount owed
8. a business owned by one person
9. the number assigned to an account
11. a ledger that contains all accounts needed to prepare financial statements
14. an increase in equity resulting from the sale of goods or services
16. anything of value that is owned
18. a columnar accounting form used to summarize the general ledger
21. a group of accounts