Vocab 1

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Across
  1. 4. Anything that is owned
  2. 6. A record summary of transactions done
  3. 8. The difference in an account’s financial activity
  4. 10. A summary of a business financial position
  5. 12. The ethics of making business decisions
  6. 13. A business owned by an individual person
  7. 14. A business action showing financial changes
  8. 17. The process of recording financial information
  9. 19. The regulations an accountant must follow
  10. 20. The process of summarizing accounting records
  11. 21. that is owed
  12. 22. The difference between what is owned and owed
  13. 23. The assests leftover after liabilities are paid
  14. 24. Providing an act for a fee
  15. 25. Someone who is owed something
  16. 26. Assets taken by the owners
Down
  1. 1. The difference between your own assests and liabilities
  2. 2. The rights to a business assets
  3. 3. A sale with a later payment
  4. 5. deciding what is wrong and right
  5. 7. The difference between someone’s assests and debits
  6. 9. A summary of owners equity
  7. 11. A business cost
  8. 15. An increase in equity due to sales
  9. 16. An account’s name
  10. 18. A formal document that states a business operations