Chapter 1

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Across
  1. 2. values taken from a business for an owner’s personal use
  2. 5. Breaks down all transactions to an item in an accounting equation
  3. 14. Shows the finance conditions of a business
  4. 15. Increases and decreases from an account
  5. 17. Rules that accountants follow when they record and report financial actions
  6. 19. the specific amount still there when liabilities are taken from assets
  7. 20. one person owing another business
  8. 21. whatever has value that you own
  9. 22. Choices of being right or wrong that guide you to making decisions
  10. 23. person or business that a liability is owed to
  11. 24. comparison of personal assets and personal liabilities
  12. 25. Name to an account
  13. 26. comparison of assets and liabilities
Down
  1. 1. Shows the owner’s equity in a business
  2. 3. A business doing something for a certain amount
  3. 4. The assets of a business that gives financial rights to others
  4. 6. shows you what you own or owe
  5. 7. a payment that will be payed on a later day
  6. 8. Organized plan for financial data and to break down the results in accounting records
  7. 9. the choices you make for you business
  8. 10. equity going up from sales or services
  9. 11. A plan that gives a basic tell of how a business works and how it is
  10. 12. Business choices that may change the assets, liabilities, or owners’ equity
  11. 13. Using financial information to plan, record, and analyze
  12. 15. The relationship with assets, liabilities, and owner’s equity under a specific equation
  13. 16. The cost of services or goods used for a business
  14. 18. the amount of something you owe