Accounting Crossword Puzzle Chapter 1, 2, 4 Vocab

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Across
  1. 3. assets taken from the business for the owner's personal use.
  2. 6. the principles of right & wrong that guide an individual in making decisions.
  3. 7. Financial rights to the assets of a business.
  4. 10. An amount recorded on the right side of an account.
  5. 12. Any business activity that changes assets, liabilities, or owner's equity.
  6. 13. Generally accepted accounting principles. The standards & rules that accountants follow while recording & reporting financial activities.
  7. 16. a person or business to whom a liability is owed.
  8. 18. the difference between assets & liabilities.
  9. 19. transferring information from a journal entry to a ledger account
Down
  1. 1. a ledger that contains all accounts needed to prepare financial statements.
  2. 2. An amount recorded on the left side of an account.
  3. 4. The process of planning, recording, analyzing, & interpreting financial information.
  4. 5. Anything of value that is owned.
  5. 7. the cost of goods or services used to operate a business.
  6. 8. a record that summarizes all the transactions pertaining to a single item in the accounting equation.
  7. 9. an amount owed.
  8. 11. a business owned by one person.
  9. 14. the number assigned to an account.
  10. 15. a group of accounts
  11. 17. an increase in equity resulting from the sale of goods or services.