Exam 1 Vocabulary

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Across
  1. 2. Things of value owned by a business.
  2. 3. list of all account balances to prove debits equal credits.
  3. 8. A monetary event affecting a business that must be recorded.
  4. 9. The right side of "T" account.
  5. 10. Debts owed to creditors.
  6. 11. The owner takes cash out of the business.
  7. 12. Revenues are greater than expenses.
Down
  1. 1. The owners investment in the business.
  2. 3. Accidentally switching the digits in a number.
  3. 4. "Buckets" used to gather financial information.
  4. 5. One to whom a business owes money.
  5. 6. The left side of a "T" account.
  6. 7. Error in placing the decimal point in a number