ch 1

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Across
  1. 3. anything of value is owned
  2. 6. Leger that contains all accounts for prepare financial statements
  3. 9. Infromation about bussincess transaction is acquired from original business papers.
  4. 10. Recording of debit and credit parts of a transaction
  5. 12. Price deduction for purchase returns and allowances
  6. 14. Assets+Liabilities+Equity
  7. 17. for recording transactions in order
  8. 18. A record summarizing all the information for only a one item in the accounting equation
  9. 20. putting information from a journal entry to ledger account
Down
  1. 1. Summarizes all accounts in a subsidiary ledger
  2. 2. Accounting system showing information for two or more departments
  3. 4. Financial rights to the assets of a business
  4. 5. for arranging accounts in general ledger
  5. 7. amount remaining after the value of all liabilities is taken away from the value
  6. 8. the owners’s Equity in a Coporation
  7. 11. group of accounts
  8. 13. Legar summarized in a single general leger account
  9. 15. business that buy and sell goods
  10. 16. Only used to record one kind of transaction
  11. 19. an amount owed by a business