Chapter 1 Accounting

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Across
  1. 3. system a planned process for
  2. 5. assets taken out for the personal use
  3. 7. the amount in an account
  4. 9. a business activity for a fee
  5. 12. an increase in owner’s equity
  6. 14. amount remaining after liabilities
  7. 15. the name given to an account
  8. 18. organized summaries of activities
  9. 21. owner’s equity in a business
  10. 23. an amount owed by a business
  11. 24. the side of the account that is increased
  12. 26. amount on the left side of a T account
  13. 27. financial rights to assets
Down
  1. 1. a business owned by one person
  2. 2. reports of the financial condition
  3. 4. an accounting device to analyze transactions
  4. 6. business activity that changes assets etc.
  5. 8. the use of ethics
  6. 10. a decrease in owner’s equity
  7. 11. planning, recording, analyzing
  8. 13. an equation
  9. 16. a record summarizing all the
  10. 17. a list of accounts used by a business
  11. 19. the principles of right and wrong
  12. 20. cash will be received at a later date
  13. 22. anything of value that is owned
  14. 25. amount on the right side of a T account