Across
- 3. A bank account from which payments can be ordered by a depositor
- 4. A statement that guides the ethical behavior of a company and its employees
- 7. A financial statement showing the revenue and expenses for a fiscal period
- 9. a business activity that changes assets, liabilities, or owners equity
- 10. A business form ordering a bank to pay cash from a bank account
- 11. a sale for which cash will be received at a later date
- 13. A financial statement that reports assets, liabilities, and owner's equity on a specific date
- 16. the name given to an account
- 19. A columnar accounting form used to summarize the general ledger information needed to prepare financial statements
- 20. anything you own
- 21. the process of identifying, and communicating economic information to permit users to make informed judgements and decisions
- 22. claims to a businesses assets by parties external to the business
- 24. a group of accounts
- 25. any person or groups that will be affected by an action
- 26. assets=liabilities + owners equity
Down
- 1. the accounting used to summarize the owners equity in a business
- 2. the amount into the account
- 5. financial reports that summarize the financial condition and operation of a business
- 6. a business that performs an activity
- 8. an increase in owners equity resulting from an operation in the business
- 12. costs incurred in providing the goods and services offered
- 14. assets taken out of business for owners personal use
- 15. an amount recorded on the right side of the T account
- 17. the side of the account that is increased
- 18. an amount recorded on the left side of a T account
- 23. the amount remaining after the value of all the liabilities are subtracted from the value of all the assets