BASIC ACCOUNTING TERMS (1 of 2)

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Across
  1. 4. assets = liabilities + owners equity
  2. 5. a record of all money or value expected to come into a company's account.
  3. 7. everything that a company owns, tangible and intangible.
  4. 9. a recording of a single debit and credit transaction.
  5. 11. a visual aid used to depict a General Journal entry. The account title is written above the horizontal part of the "T".
  6. 12. when an entity's assets exceed its liabilities
Down
  1. 1. refers to the amount of money invested in a company by its owners.
  2. 2. a listing of the names of the accounts that a company has identified and made available for recording transactions in its general ledger.
  3. 3. an accounting summary of each account for all financial transactions in a business.
  4. 6. a report that lists the balances of all general ledger accounts of a company at a certain point in time.
  5. 8. a record of all money or value expected to come out of a company's account.
  6. 10. everything that a company owes in the long or short term.