Chapter 1
Across
- 2. Ledger contains all accounts that are needed to prepare financial statements
- 6. used for recording one type of transactions
- 8. account in general ledger that summarizes all subsidiary ledger accounts
- 9. things you owe/things your're responsible for/disadvantages
- 12. the value of the business after liabilities is subtracted from asset
- 15. owners' equity in a corporation
- 16. anything that is owed by a business
- 17. transfer of transaction information from the journal entry
- 18. anything of value that is owned
- 19. recording of debit and credit parts of a transaction
- 20. a group of accounts
Down
- 1. account system showing accounting information for two or more departments
- 3. procedue for arranging accounts in the general ledger
- 4. having to do with a single item in the accounting equation
- 5. account that reduces related accounts on a financial statement
- 7. all financial rights to the assets of a business
- 10. form by the customer showing price deductions for purchases returns and allowances
- 11. business transactions recieved from original business papers
- 13. business that purchases and sells goods
- 14. summarized ledger in single general account