Accounting Vocab Chapter 1-4
Across
- 4. The process of planning, analyzing, and interpreting financial information
- 7. A form on which a brief message is written to describe a transaction
- 8. A bank form that lists the checks, currency, and coins an account holder is adding to the bank account
- 10. A form for recording transactions in chronological order
- 12. An amount of cash kept on hand and used for small payments
- 15. A business paper from which information is obtained for a journal entry
- 16. The difference between assets and liabilites
- 18. Financial reports that summarize the financial condition and operations of a business
- 20. An increase in equity resulting from the sale of goods and services
Down
- 1. The process of comparing a company's internal financial records with its bank statement to ensure they match
- 2. Accountants call any business activity that changes assets, liabilites, or owner's equity
- 3. A check that has been written and issued but not yet cashed of deposited by the recipent
- 5. A check that has been paid by the bank
- 6. A formal written document that describes the nature of a business and how it will operate
- 9. Balance The difference between the increases and decreases in an account
- 11. A sale for which payment will be given at a later date
- 13. Business A business that performs an activity for free
- 14. A business form written acknowledgement for cash recieved
- 17. Generally accepted accounting principles
- 19. A business form ordering a bank to pay cash from a bank account