Accounting

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Across
  1. 2. An amount owed by a business
  2. 5. the amount remaining after the value of all liabilities is subtracted from the value of all assets
  3. 6. The account used to summarize the owner's equity in a business
  4. 10. Financial reports that summarize the financial condition and operations of a business
  5. 12. Assets taken out of a business for the owner's personal use
  6. 14. A decrease in owner's equity resulting from the operation of a business
Down
  1. 1. financial rights to the assets of a business
  2. 3. A business activity that changes assets, liabilities, or owner's equity
  3. 4. A business owned by one person
  4. 7. Equation An equation showing the relationship among assets, liabilities, and owner's equity
  5. 8. Anything of value that is owned
  6. 9. name
  7. 11. name
  8. 13. An increase in owner's equity resulting from the operation of a business