Accounting 1 Crossword Puzzle

2. An increase to assets.
6. Businesses that owe payment that is to be payed at a later date.
9. A chart that represents a businesses transactions with debit on the left and credit on the right.
10. Money that is on hand.
12. Assets = Liabilities + Owners Equity
14. Where you recive money with the promise to pay it back plus interest.
16. The money that you pay on top of paying back a loan.
17. Any money spent to continue the operations of a business.
18. Things that add to the value of a business are ------.
19. Things that a business owes are called -----------.
23. Any money brought in by a business.
24. Any action that effects an account of a business

1. Money &/or assets removed form a business by the owner for their personal use.
3. The primary program that is used by accountants to document transactions within a business.
4. A record that a business uses to track transactions.
5. An account that keeps track of money spent on things such as water, heating and electricity.
7. The value of a business that belongs to an owner.
8. The businesses that you owe payment to pay at a later date.
11. Assets, Liabilities, owners equity, revenue and expenses.
13. Principles of right and wrong that serve as guidelines in decision making.
15. A decrease to assets.
20. The money that you make.
21. An account that shows the owners equity.
22. A close examination of all financial transactions.
25. Administers the federal tax laws that congress enacts.