Accounting

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Across
  1. 5. changes recorded on a worksheet to update general ledger accounts at the end of a fiscal period
  2. 6. amount owed by a business
  3. 7. transferring information from a journal entry to a ledger account
  4. 8. recording transactions in a journal
  5. 12. the amount remaining after the value of all liabilities is subtracted from the value of all assets
  6. 15. an increase in owner's equity resulting from the operation of a business
  7. 16. a decrease in owner's equity resulting from the operation of a business
  8. 17. left
  9. 18. anything of value that is owned
  10. 20. balance proof of the equality of debits and credits in a general ledger
Down
  1. 1. nominal accounts
  2. 2. planning, recording, analyzing, and interpreting financial information
  3. 3. financial reports that summarize the financial condition
  4. 4. assets = liabilities + owner's equity
  5. 9. a business owned by one person
  6. 10. real accounts
  7. 11. a columnar accounting form used to summarize the general ledger information needed to prepare financial statements
  8. 13. right
  9. 14. statement a financial statement showing the revenue and expenses for a fiscal period
  10. 19. sheet a financial statement that reports assets, liabilities, and owner's equity on a specific date