Across
- 4. equity from sale of goods or services.
- 7. system- reporting and recording financial data.
- 9. ethics- making decisions for a business.
- 12. business- a business that does something for payment.
- 19. analyzing, planning recording, and explaining financial information.
- 21. business change of assets, liabilities, or owners’ equity.
- 22. assets and liabilities differences
- 24. anything that is owed.
- 26. balance- accounts difference of increase and decrease.
Down
- 1. cost of good or services for business
- 2. liability that is owed by a person or business.
- 3. plan- description of a business and how it works.
- 5. equity- amount left from liability subtracted by all assets.
- 6. equation- equation of assets, liabilities, and owners’ equity
- 8. assets taken by owner from business.
- 10. business owed by a person.
- 11. worth statement- a report that shows what you owe and own
- 12. on account- sale that payment is given later.
- 13. net worth statement- difference of assets and liabilities that are personal.
- 14. accounting rules that accountants use.
- 15. financial rights of business assets
- 16. account- account summarizing owners’ equity in business.
- 17. wrong guide making decisions.
- 18. anything with value that is owned.
- 20. record of transactions and to item in accounting equation.
- 23. statements- financial report of business condition.
- 25. title- name of account