Finance: Chapters 1-4

12345678910111213141516171819202122232425
Across
  1. 4. The account name for recording assets taken from the business for the owner’s personal use.
  2. 7. Financial rights to the assets of a business.
  3. 8. The process of planning, organizing, analyzing, and interpreting financial information.
  4. 9. A business paper from which information is obtained for a journal entry.
  5. 13. A form on which a brief message is written to describe a transaction.
  6. 14. A business owned by one person.
  7. 16. A form for recording transactions in chronological order.
  8. 19. The account name used when the business buys good or services on account.
  9. 20. The left side of a T-account.
  10. 21. The cost of goods or services used to operate a business.
  11. 23. A person o business to whom a liability is owed.
  12. 25. Anything of value that is owned.
Down
  1. 1. The right side of a T-account.
  2. 2. A form showing total cash sales of the day.
  3. 3. An increase in equity resulting from the sale of goods or services.
  4. 5. The account name used to record when a sale is made on account.
  5. 6. Assets taken from the business for the owner’s personal use.
  6. 10. Any activity that changes assets, liabilities, or owner’s equity.
  7. 11. – Generally accepted accounting principles. (Acronym)
  8. 12. A sale for which payment will be received at a later date.
  9. 15. A business form to obtain a record of a sale on account.
  10. 17. A business form giving written acknowledgement for cash received.
  11. 18. Any amount owed.
  12. 22. The principles of right and wrong that guide an individual in making decisions.
  13. 23. A business form ordering a bank to pay cash from a bank account.
  14. 24. The difference between assets and liabilities.