Chapters 1-3

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