Chapter 1

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Across
  1. 3. rights to the assets
  2. 4. taken out for the owner's personal use
  3. 5. in OE resulting from the operation of a business
  4. 9. statements/financial reports
  5. 10. activity that changes A, L, or OE
  6. 14. business/a business that performs an activity
  7. 16. owed
  8. 17. balance/amount in an account
  9. 18. summarizing all info pertaining to a one item
  10. 19. of right and wrong
Down
  1. 1. owned by one person
  2. 2. ethics/the use of ethics in making business decisions
  3. 6. increase in OE resulting from operation of a business
  4. 7. equation/A=L+OE
  5. 8. of business
  6. 11. of value
  7. 12. used to summarize the owner's OE
  8. 13. equity/assets-liabilities
  9. 15. on account/a sale for which cash will be received at a later date