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