Accounting Vocab Chapter 1-4

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