Across
- 3. A report that provides what a person owns, and what they owe, and the difference.
- 4. A business that does actions for a payment
- 9. account An account used to sum the owners equity in a business
- 10. An increase in equity corresponding from the sale of items or actions
- 12. The differencing increases and decreases within a account
- 16. The cost of goods or services used to run a business
- 17. a organized setup made to compile data, and sum up results in accounting records and reports
- 20. The title given to an account
- 21. A written document that contains the fundamentals of a business and how it runs
- 22. Something that is owed
- 24. Assets taken from the business for personal usage
- 25. statements financial report that sums up the current state and operations of a business
Down
- 1. The amounting results after the liabilities is all subtracted from the value of all assets
- 2. Use of ethics for making business related decisions
- 5. A sale for a payment that will be given later
- 6. The financial call to the assets of a business
- 7. A documented record that sums up all the transaction regarding to a single item in the accounting equation
- 8. A business ran by a single person
- 11. Generally accepted accounting principles. The expected and rules the person follows while documenting and reporting financial things
- 13. A person/business or business to whom something is owed
- 14. The steps of planning, recording, analyzing, and understanding information financially.
- 15. net worth-statement The difference between assets and liabilities (personally)
- 18. The rules of right and wrong that lead a person in making decisions
- 19. anything that is owned
- 23. any business-related thing that changes assets, liabilities, or owner’s equity