Vocab Chapter 1-4

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Across
  1. 2. amount recorded on a left side of an account
  2. 5. ledger that contains all accounts needed to prepare financial statements
  3. 8. determining the amount of cash agrees with the balance of the cash account
  4. 9. transferring info from a journal entry to a ledger account
  5. 11. assets taken from a business for an owner's personal use
  6. 14. number assigned to an account
  7. 15. an additional journal entry correcting or adding to a previous journal entry
  8. 17. a person/business to whom liability is owed
  9. 18. difference between the increases and decreases in an account
  10. 19. any activity that can change assets, liabilities or owners equity
Down
  1. 1. a groups of account
  2. 3. information or each transaction recorded in a journal
  3. 4. a written acknowledgment for cash received
  4. 6. name given to an account
  5. 7. recording transactions in a journal
  6. 10. formal written document that describes the nature of a business.
  7. 12. record that summarizes transactions pertaining o a single item in an accounting equation
  8. 13. a brief message is written to describe a transaction
  9. 16. the financial rights to the assets of a business
  10. 20. amount recorded on the right side