Across
- 3. Finantial statement that tell about the operations and conditions of a business
- 8. equation formed from assets, owners equity, and liabilities
- 10. Process of recording, recording, ext. financial information
- 11. remaining value of liabilities subtracted from assets
- 13. increase in equity from sales of goods or services
- 15. difference of liabilities and assets
- 17. differences between increase and decreases in an account
- 18. shows what somebody owes and owns and the differences between the two
- 19. anything owed
- 21. business owned by a singular person
- 25. rights to the assets of a business
- 26. anything that changes assets, liabilities, or owners equity
- 27. business that makes you pay a fee
Down
- 1. a liability owned by a person or business
- 2. anything that’s owned
- 4. Process in which you compile data and summarize it in accounting records and reports.
- 5. name given to account
- 6. difference between personal assets and liabilities
- 7. standards and rules accountants follow when recording financial activities
- 9. summarizes all transactions from an item from the accounting equation
- 12. cost of service or good to operate a business
- 14. summarizes owner’s equity in a business
- 16. assets taken from business for owners use
- 20. makes business decisions made with ethics
- 22. difference between right and wrong that helps a person with right or wrong
- 23. sale where you get payments later
- 24. document that tells how the business will operate