accounting semester one review

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Across
  1. 3. the word that indicates if someone owes us money
  2. 4. what is accountings purpose
  3. 5. what the owner owns of the company
  4. 6. an expense account used to track any money we have spent on bills
  5. 9. any money that has been used to pay the company's needs
  6. 14. the account that is used for what the company's pays for its building
  7. 15. a chart that separate credit and debit
  8. 17. this will increase the company's value
  9. 18. anything we own ____
  10. 19. a building or land that a person or company can buy as a asset
  11. 20. credit is in what direction
  12. 22. if you are making money it is ____
  13. 23. the word that indicates if we owe money
Down
  1. 1. money the owner takes out of the company
  2. 2. anything we owe ____
  3. 7. a expense that promotes the company
  4. 8. Invoice Amount After Discount + Sales Tax Amount=
  5. 9. Assets=Liabilities+Owner's Capital−Owner's Drawings+Revenue-Expenses.
  6. 10. a asset that a company buys to keep it running
  7. 11. every transaction effects at least ____ accounts
  8. 12. the overall net worth of a company____
  9. 13. the term for what the company pays its employees
  10. 16. if you are losing money it is ____
  11. 21. the basic accounting equation is _____
  12. 24. debit is in what direction