Across
- 3. business activity that change assets, liabilities, or owners equity
- 5. changes recorded on the work sheet that update general ledger accounts at the end of the fiscal period
- 7. assets taken out of a business for the owners personal use
- 12. one person owning a business
- 13. form for recording transactions in chronological order
- 14. a financial statement that records assets, liabilities, and owners equity on a certain date
- 16. summaries of a business financial activities
- 20. form on which a brief message is written describing a transaction
- 22. decrease in owners equity resulting from the operation of a business
- 23. information from transaction written in a journal
- 25. accounting device used to analyze transactions
- 26. journal amount column that is not headed with an account title
- 28. using ethics in making business decisions
- 29. business form giving written acknowledgment for cash that they received
- 32. side of the account that is increased
- 34. proof of the debits and credits in the general ledger
- 38. new owner endorsement
- 40. difference between total revenue and total expenses when the total amount of revenue is greater
- 42. a stamp is put in this endorsement so unauthorized people can not use it
- 43. invoice used as a source document for recording a sale on account
- 45. businesses summarize and report financial information for a certain amount of time
- 47. percent relationship between financial statement item and the total
- 48. recording transactions in a journal
- 50. anyone in possession can use this endorsement
- 51. financial statement showing the revenue and expenses for the fiscal period
- 52. analyzing, recording, planning, and interpreting financial information
Down
- 1. something of value
- 2. planned process to provide financial information
- 4. a person or group that is affected by an action
- 6. account used to summarize owners equity
- 8. money owed by a business
- 9. business paper that gathered information for journal
- 10. the principles of right and wrong that guide an individual in making his or her decisions
- 11. list of accounts used by a business
- 15. recording of debit and credit parts of a transaction
- 17. on the right side of the T
- 18. account a sale that cash will be received at a later date
- 19. business form ordering a bank to pash cash from a bank account
- 21. form describing the goods or services sold, the quantity, and the price
- 24. name given to an account
- 27. procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current
- 30. business that does a job for fee
- 31. on the left side of the T
- 33. amount that remains after all liabilities- all assets
- 35. the amount column of a journal with account title
- 36. increase in owners equity resulting from the operation of a business
- 37. assets=liabilities+owners equity
- 39. financial rights to the assets of the business
- 41. difference between total revenue and total expenses when the total amount of expenses are greater
- 44. amount of cash in an account
- 46. payments that can be ordered from a depositor through your bank account
- 49. accounting form that is used to summarize the general ledger information needed for the financial statement