Across
- 1. new worth statement- difference between your assets and personal liabilities
- 2. balance- it increases and also decreses the account
- 3. business- Businesseses that helps with an activity free of charge
- 4. worth statement- A report that shows how much a person owns, and it explains the difference between both
- 6. on account- it is when you will recive pay on a later date
- 9. – assets that are taken for personal use
- 10. a amount that is owed to anyone
- 14. increase in equity from good sales and service
- 15. title-the given name to a account
- 17. plan- a Document that explains the nature of business and how it runs
- 20. equations- shows the relationship of assets owners eq and liabilities
- 21. a person or business to own liablity is due
- 22. a record that explains the transitions
- 23. guides people to make the right choice
- 24. Finailial rights to the bussines and the assets
- 25. Acepted accounting pricples, the rules plus the standers
Down
- 1. A business that is ran by one person
- 5. is the process of Analyzing, recording and financial information
- 7. account- an account used to summarize the owners equity and the busineses
- 8. Statements- reports that sum the financial condition
- 11. it is the value of anything that’s owned
- 12. any activity and business it changes assets
- 13. Difference between liabilities also assets
- 16. system- A process made to group up financial data and explain the results
- 18. equity- the amount remaining from the value plus liabiltes
- 19. Ethics-the use of decisions in making decisions
- 23. the cost for goods or service