| Across |
| 4. |
An equation showing the relationship among assets, liabilities, and owner's equity. |
| 6. |
The account used to summarize the owner's equity in a business. |
| 8. |
Assets taken out for the owner's personal use. |
| 9. |
An amount owed by a business. |
| 11. |
A business that performs an activity for a fee. |
| 13. |
Financial rights to the assets of a business. |
| 16. |
An increase in owner's equity resulting from the operation of a business. |
| 17. |
A sale for which cash will be received at a later date. |
| 18. |
Anything of value that is owned. |
| 19. |
The amount remaining after the value of all liabilities is subtracted from the value of all assets. |
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| Down |
| 1. |
Planning, recording, analyzing, and interpreting financial information. |
| 2. |
A record summarizing all the information pertaining to a single item in the accounting equation. |
| 3. |
The amount in an account. |
| 4. |
Organized summaries of a business's financial activities. |
| 5. |
A planned process for providing financial information that will be useful to management. |
| 7. |
The name given to an account. |
| 10. |
A business owned by one person. |
| 12. |
A financial statement that reports assets, liabilities, and owner's equity on a specific date. |
| 14. |
A decrease in owner's equity resulting from the operation of a business. |
| 15. |
A business activity that changes assets, liabilities, or owner's equity. |
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