Chapters 1-3
Across
- 5. Financial rights to the assets of a business.
- 10. A record that summarizes all the transactions pertaining to a single item in the accounting equation.
- 11. The name given to an account.
- 14. A form for recording transactions in chronological order.
- 15. The amount remaining after the value of all liabilities is subtracted from the value of all assets.
- 16. The use of ethics in making business decisions.
- 17. A form on which a brief message is written to describe a transaction.
- 19. A business owned by one person.
- 20. An amount recorded on the left side of an account.
Down
- 1. A person or business to whom a liability is owed.
- 2. Anything of value that is owned.
- 3. A sale for which payment will be received at a later date.
- 4. A business form giving written acknowledgement for cash received.
- 6. An accounting device used to analyze transactions
- 7. A list of accounts used by a business.
- 8. Recording transactions in a journal.
- 9. Information for each transaction recorded in a journal.
- 12. The principles of right and wrong that guide an individual in making decisions.
- 13. An amount recorded on the right side of an account.
- 18. An amount owed.