Accounting Review (Ch 1-4)

1234567891011
Across
  1. 2. the account used when a sale is made (not cash or account receivable)
  2. 5. when you verify that the amount from the general ledger matches the amount from your checkbook
  3. 7. anything of value that is owned
  4. 9. the sheet where you record all of your accounting transactions: general __________
  5. 10. generally accepted accounting principles
  6. 11. the difference between assets and liabilities: owner's ________
Down
  1. 1. the record that keeps all of your accounts being used; this is also where you post from the general journal: general _______
  2. 3. the process of planning, recording, analyzing, and interpreting financial information; hint: what we learn in this class
  3. 4. the account where things are paid from
  4. 6. an amount owed to either a person or another business
  5. 8. the account most used in accounting - account number 110