Across
- 5. – Cash or assets taken out by the owner.
- 7. The book of final entry where transactions are classified and summarized.
- 9. Left side of an account.
- 10. – Resources owned by the business.
- 11. List of all account balances to check mathematical accuracy.
- 13. List of all account titles and codes used by the company.
- 14. – Income earned by the business.
- 16. Right side of an account.
- 18. The process of transferring journal entries to the ledger.
- 19. A simple form of a ledger resembling the letter "T".
- 20. – Cost incurred to operate the business.
Down
- 1. The side (debit or credit) where an account naturally increases.
- 2. – Goods available for sale.
- 3. Records specific types of transactions such as sales or cash disbursements.
- 4. – Statement showing assets, liabilities, and equity.
- 6. The book of original entry where transactions are first recorded.
- 8. – Owner’s investment in the business.
- 12. Series of steps in recording and summarizing financial transactions.
- 15. Records all types of business transactions.
- 17. – Owner’s claim on the assets of the business.