Finance: Chapters 1-4
Across
- 4. The account name for recording assets taken from the business for the owner’s personal use.
- 7. Financial rights to the assets of a business.
- 8. The process of planning, organizing, analyzing, and interpreting financial information.
- 9. A business paper from which information is obtained for a journal entry.
- 13. A form on which a brief message is written to describe a transaction.
- 14. A business owned by one person.
- 16. A form for recording transactions in chronological order.
- 19. The account name used when the business buys good or services on account.
- 20. The left side of a T-account.
- 21. The cost of goods or services used to operate a business.
- 23. A person o business to whom a liability is owed.
- 25. Anything of value that is owned.
Down
- 1. The right side of a T-account.
- 2. A form showing total cash sales of the day.
- 3. An increase in equity resulting from the sale of goods or services.
- 5. The account name used to record when a sale is made on account.
- 6. Assets taken from the business for the owner’s personal use.
- 10. Any activity that changes assets, liabilities, or owner’s equity.
- 11. – Generally accepted accounting principles. (Acronym)
- 12. A sale for which payment will be received at a later date.
- 15. A business form to obtain a record of a sale on account.
- 17. A business form giving written acknowledgement for cash received.
- 18. Any amount owed.
- 22. The principles of right and wrong that guide an individual in making decisions.
- 23. A business form ordering a bank to pay cash from a bank account.
- 24. The difference between assets and liabilities.