Across
- 2. Principles of right or wrong that guide an individual making a decision
- 5. Summarizes the owner's equity in a business
- 8. The cost of goods or services to operate a business
- 9. Assets = Liabilities + Owner's Equity
- 10. A person who a liability is owed to
- 11. A formal written document that describes the nature of a business
- 12. An amount owed
Down
- 1. Assets taken from the business for the owner's personal use
- 3. A business owned by one person
- 4. Difference between assets and liabilities
- 6. Anything of value
- 7. The process of planning, recording, and analyzing financial data
- 13. Any business activity that changes the accounting equation amounts