Chapter 1

1. Owners' equity in a company/corporation
4. Record about a single item
9. Reduces a relate account on a financial statement
14. Business that purchases and sells good
15. Arranging accounts in general ledger, assigning account numbers, and keeping records current
18. Debit and credit transactions records
19. All accounts needed to prepare financial statements
20. Group of accounts
21. Transactions original paper

2. Amount after subtracting liabilities from assets
3. Journal records one type of transaction
5. Assets = Liabilities + Owners' Equity
6. Accounting information showing to or more departments information
7. All accounts in a subsidiary ledger in a general ledger account
8. Where transactions are recorded in chronological order
10. Leger in a single general ledger account
11. Moving transactions from a journal entry to a ledger account
12. Anything of value that is owned
13. Form from a customer showing price deduction for purchase returns and allowances
16. Rights to a business assets
17. Anything owed by a business