Across
- 5. an activity that is performed by a business for a fee.
- 9. accounting principles that are generally accepted the rules and standards that the accountants will follow while reporting financial activity.
- 11. summarizing of the financial condition of a business.
- 12. a business or a person to whoever a liability is owed.
- 13. showing relationships between owner’s equity assets, and liabilities
- 16. using ethics to make business decisions.
- 20. liability
- 21. Asset
- 22. a report that shows the individuals owned things, and the things they owe, and the difference between those two.
Down
- 1. a process of planning designed to summarize results in accounting records.
- 2. the 2 differences between decreases and increases in the account.
- 3. a document that is formally written that describes how the business operates.
- 4. the difference between assets and liabilities that are personal.
- 6. the remaining amount after all liabilities that is subtracted from the values of assets.
- 7. assets that are taken from the business for the person or owners use.
- 8. the business activity that will change assets owners’ equity, and liabilities.
- 10. right and wrong principles that could guide a person into making decisions.
- 14. something that summarizes the transaction to an item in the accounting equation.
- 15. one person that owns a business.
- 17. the difference between your liabilities and assets.
- 18. accounts that are used for summarizing owners’ equity in the business.
- 19. recording and interpreting financial information.