Accounting Chapter 1

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Across
  1. 3. Business A business that performs a service for a fee
  2. 6. An increase in equity resulting from the sale of goods or services
  3. 10. The process of planning, recording, analyzing, and interpreting financial information
  4. 11. Any business activity that changes assets, liabilities, or owner's equity
Down
  1. 1. Anything of value that is owned
  2. 2. A record that summarizes all the transactions pertaining to a single item in the accounting equation
  3. 4. Assets taken from the business for the owner's personal use
  4. 5. The cost of goods or services used to operate a business
  5. 7. Financial rights to the assets of a business
  6. 8. An account used to summarize the owner's equity in a business
  7. 9. An amount owed