Personal Finance/Accounting

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Across
  1. 3. Anything of value that is owned
  2. 4. The amount recorded on the left side of a t-account
  3. 8. An amount owed by a business
  4. 11. The amount recorded on the right side of a t-account
  5. 14. A decrease in owner's equity resulting from the operation of a business
  6. 17. A financial statement showing the revenue and expenses for a fiscal period
  7. 21. A business owned by one person
  8. 24. Assets=liabilities + capital(owners equity)
  9. 25. A business activity that changes assets, liabilities, or owner's equity.
  10. 28. A business form ordering a bank to pay cash from a bank account
  11. 29. The difference between total revenue and total expenses when revenue is greater
  12. 30. An increase in owner's equity resulting from the operation of a business
Down
  1. 1. The account used to summarize the owner's equity in a business
  2. 2. A business form giving written acknowledgement for cash received
  3. 5. The length of time for which a business summarizes and reports financial information
  4. 6. A financial statement that reports assets, liabilities, and owner's equity on a specific date
  5. 7. Determining taht the amount of cash agrees with the accounting records.
  6. 9. A form describing the goods or services sold, the quantity and the price
  7. 10. Financial rights to the assets of a business
  8. 12. A form for recording transactions in chronological order
  9. 13. A group of accounts
  10. 15. Transferring information from a journal entry to a ledger account
  11. 16. A business that performs an activity for a fee
  12. 18. A ledger that contains all accounts needed to prepare financial statements
  13. 19. Planning,recording, analyzing, and interpreting financial information
  14. 20. A form on which a brief message is written describing a transaction
  15. 22. A business paper from which information is obtained for a journal entry
  16. 23. Assets taken out of a business for the owner's personal use
  17. 26. A record summarizing all the information pertaining to a single item in the accounting equation
  18. 27. A columnar accounting form used to sumarize the general ledger information needed to prepare financial statements