Chapter 1 crossword

2. the change between liabilities and assets
4. financial reports that summarize the financial condition and operations of a business.
8. any business action that revises owners’ equity, assets, and liabilities.
9. A planned process designed to arrange financial dates and sum up the results in accounting reports and records.
10. Something you owe.
14. the distinction between the decrease and increases in an account.
15. an account used to sum up the owner’s equity in an employment.
17. the title given to an account.
18. an individual or company to whom a liability is owed.
21. a grow in equity ending from the sale of services or goods.
23. a business that appoints an activity for a cost.
24. the amount left after the amount of all liabilities is taken away from the value of all assets.
25. a formal document that’s written to characterize the nature of the business and how it will go.
26. financial freedom to the assets of a workplace.
27. things owned taken from the company for the owner’s personal usage.

1. a formal article that shows what a person owns, what and person owes, and the difference between the two.
3. the use of ethics in building business agreements.
5. the change between special assets and personal liabilities.
6. the process of planning, recording, analyzing, and finding financial information.
7. the basis of wrong and right that direct an individual in making agreements.
11. a record that compiles all the transactions connected to one item in the accounting equation.
12. the equation showing the link among liabilities, assets, and owners’ equity.
13. generally accepted accounting ethics, the standards and customs that accountants follow while documenting and reporting financial activities.
16. Something you own.
19. a sale for which money will be collected later.
20. a business kept by an individual.
22. the charge of goods or services used to run a business.