Accounting Semester 1 review

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Across
  1. 3. A bank account from which payments can be ordered by a depositor
  2. 4. A statement that guides the ethical behavior of a company and its employees
  3. 7. A financial statement showing the revenue and expenses for a fiscal period
  4. 9. a business activity that changes assets, liabilities, or owners equity
  5. 10. A business form ordering a bank to pay cash from a bank account
  6. 11. a sale for which cash will be received at a later date
  7. 13. A financial statement that reports assets, liabilities, and owner's equity on a specific date
  8. 16. the name given to an account
  9. 19. A columnar accounting form used to summarize the general ledger information needed to prepare financial statements
  10. 20. anything you own
  11. 21. the process of identifying, and communicating economic information to permit users to make informed judgements and decisions
  12. 22. claims to a businesses assets by parties external to the business
  13. 24. a group of accounts
  14. 25. any person or groups that will be affected by an action
  15. 26. assets=liabilities + owners equity
Down
  1. 1. the accounting used to summarize the owners equity in a business
  2. 2. the amount into the account
  3. 5. financial reports that summarize the financial condition and operation of a business
  4. 6. a business that performs an activity
  5. 8. an increase in owners equity resulting from an operation in the business
  6. 12. costs incurred in providing the goods and services offered
  7. 14. assets taken out of business for owners personal use
  8. 15. an amount recorded on the right side of the T account
  9. 17. the side of the account that is increased
  10. 18. an amount recorded on the left side of a T account
  11. 23. the amount remaining after the value of all the liabilities are subtracted from the value of all the assets