Acct 3-4 Study Guide 1 Revised

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Across
  1. 1. A group of accounts
  2. 4. Transferring transaction information from a journal entry to a ledger account
  3. 6. A business activity that changes assets, liabilities, or owner's equity
  4. 7. A form for recording transactions in chronological order
  5. 9. Financial rights to the assets of a business
  6. 10. Assets taken out of business for the owner's personal use
  7. 13. A business owned by one person
  8. 14. A decrease in owner's equity resulting from the operation of a business
Down
  1. 2. The principles of right and wrong that guide an individual in making decisions
  2. 3. The account used to summarize the owner's equity in a business
  3. 5. An amount owed by a business
  4. 8. An increase in owner's equity resulting from the operation of a business
  5. 11. A record summarizing all the information pertaining to a single item in the accounting equation
  6. 12. Anything of value that is owned