Across
- 4. financial reports that recap the financial state and process
- 6. the calculation showing the bond among assets, liabilities, and owners equity
- 7. the amount enduring after the value of all liabilities is deducted from the value of all assets
- 8. a business that performs an activity for a fee
- 10. a person or business to what a liability is owed
- 12. The progression of planning, recording, analyzing, and interpreting financial information
- 13. a proper report that shows what an individual owns, what and individual owes, and the difference between the two
- 14. an account used to recap the owners equity in a business
- 18. the usage of ethics in making business choices
- 19. the change between personal assets and personal liabilities
- 24. the principles of right and wrong that guide an individual in making decisions
- 25. economic rights to the assets of a business
- 26. a certain amount that is owed
- 27. the change between assets and liabilities
Down
- 1. the cost of goods or services used to operate a business
- 2. a official written document that defines the nature of a business and how it will work
- 3. a sale in which payment will be established at a later date
- 5. a business owed by a person
- 9. a planned process intended to collect financial data and summarize the results in accounting records and reports
- 11. normally accepted accounting principles. the values and rules that accountants follow while recording and reportage financial activities
- 15. the deferences between the increases and decreases in a account
- 16. any company activity that changes assets, liabilities, or owners equity
- 17. anything that is owned
- 20. the name that is given to an account
- 21. assets taken from the company for the owners personal use
- 22. a growth in equity ensuing from the sale of goods or services
- 23. a record that recaps all the transaction affecting to a single item in the accounting equation