Accounting Chapter 1

123456789101112131415161718
Across
  1. 2. business owned by one person
  2. 4. assets taken out of a business for the owner's personal
  3. 6. shows the relationship among assets, liabilities and owner's equity
  4. 10. amount owed by a business
  5. 11. sale for which cash will be received at a later date
  6. 15. principles of right and wrong that guide an individual in making decisions
  7. 16. increase in owner's equity resulting from the operation of a business
  8. 17. use of ethics in making business decisions
  9. 18. a record summarizing all the information pertaining to a single item in the accounting equation
Down
  1. 1. business that performs an activity for a fee
  2. 3. planning, recording, analyzing and interpreting financial information
  3. 5. reports that summarize the financial condition and operations of a business
  4. 7. account used to summarize the owner's equity
  5. 8. name given to an account
  6. 9. amount remaining after the value of all liabilities are subtracted from the value of all assets
  7. 12. anything of value that is owned
  8. 13. business activity that changes assets, liabilities or owner's equity
  9. 14. decrease in owner's equity resulting from the operation of a business