Across
- 2. a planned process for providing financial information useful to management
- 4. a liability account used to track money a business owes to others
- 5. a way to buy items and pay for them at a future date
- 7. an accounting device used to analyze transactions
- 10. the account used to summarize owners equity
- 14. a business owned by one person
- 15. an amount recorded on the left side of a T account
- 16. assets taken out of the business for owners personal use
- 19. a business activity that changes assets, liabilities, or owners equity
- 21. a decrease in owners equity from the operation of a business
- 23. the side of the T account that is increased
- 24. an increase in owners equity from the operation of a business
Down
- 1. a business that performs an activity for a fee
- 3. an amount recorded on the right side of a T account
- 6. an amount owed by a business
- 8. a list of accounts used by a business
- 9. financial reports that summarize the financial condition of a business
- 11. anything of value that is owned
- 12. financial rights to the assets of a business
- 13. an asset account used to track money owed to a business
- 17. the amount of money in an account
- 18. any organization formed to conduct business
- 20. planning, recording, analyzing and interpreting financial information
- 22. a record summarizing all the information pertaining to a single item in the accounting equation