Across
- 3. – The process of explaining financial information as planning or recording.
- 5. owned by one person.
- 7. cost of services and goods to operate a business.
- 9. Anything valuable that Is owned
- 11. accounting principals, standard and rules that accountants follow while reporting and recording financial activity’s.
- 14. records and summaries all the transactions to a single item in accounting.
- 16. difference between liabilities and asset
- 18. formal witting document that describes nature business and how it can operate.
- 20. business to who a liability is owed.
- 21. The assets taken form business for owners personal use.
- 22. use of ethics making business decisions.
- 23. Increased in equity resulted in from the sale of service or goods.
- 24. on Account A sale where it will be received on a later date.
- 25. The name which is given to an account.
- 27. performs activity for a fee
Down
- 1. Formal report this shows an individual owes and owns.
- 2. the amount owed
- 4. Similar increase and decreased in an account.
- 6. amount remaining after value of liabilities is subtracted from value of all assets.
- 8. Account Account that summarizes owners equity in business.
- 10. Reports that summarize the financial operations of a business.
- 12. contrast between personal assets and personal liabilities
- 13. A planned process that puts together financial data it also summarizes the results in accounting reports and records.
- 15. right or wrong that is guides an individual in a making decision
- 17. business activity that changes assets, liabilities or owners equity.
- 19. showing relationship between assets, liabilities and owners equity.
- 26. rights of a financial asset or business.