Across
- 4. A process of planning, recording, analyzing, then finding out the financial information
- 9. equation that shows the relationship between Assets, liabilities, and the owners equity
- 12. A sale that has payment that will be received at a later time
- 14. A record that shows the summarization of a transaction on a single item on the accounting equation
- 17. Rules that must be followed by the accountant while they record and report financial activities
- 19. A report that summarizes the financial condition of a business and operations
- 20. Given name to an account
- 22. Assets that are taken by the owner that the business uses for their personal use
- 23. amount that is left after subtracting all liabilities and assets
- 25. A cost for goods and services used to run a business
- 26. A service that will do a job for a fee
- 27. What someone owes
Down
- 1. difference that shows between assets and their personal liabilities
- 2. account that shows the owners equity on a business summarized
- 3. Helps with making business decisions
- 5. The financial rights for the assets of that business
- 6. Gathering Financial Data then summarizing the results in the accounting records and reports
- 7. Shows the difference between someone’s assets and liabilities
- 8. Shows the increase in equity that results from any sale of good or services
- 10. Something that someone owns that is valuable
- 11. Shows the difference between an increase and decrease on an account
- 13. Something that a business does to change the assets, liabilities, and or the owners equity
- 15. A form that shows all the information of a person like what they own, what they owe it also shows the differences between the two
- 16. A document that shows the nature of the business and tells how it will operate
- 18. Principles that should be followed and show the right and wrong in making decision making
- 21. Any business owned by a single person
- 24. When someone has a liability owed to a person or business