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"Chapter 1 Starting Proprietorship: Changes That Affect the Accounting Equation": HTML5 Crossword

Across

3. Assets taken out of a business for the owner's personal use. (11)
4. A sale for which cash will be received at a later date. (4,2,7)
5. A business activity that changes assets, liabilities, or owner's equity. (11)
8. A business owned by one person. (14)
9. A business that performs an activity for a fee. (7,8)
11. An equation showing the relationship among assets, liabilities, and owner's equity. (10,8)
13. A record summarizing all the information pertaining to a single item in the accounting equation. (7)
14. Planning, recording, analyzing, and interpreting financial information. (10)
17. The name given to an account. (7,5)
18. An increase in owner's equity resulting from the operation of a business. (7)
19. Financial rights to the assets of a business. (8)

Down

1. Anything of value owned. (5)
2. Financial reports that summarize the financial condition and operations of a business. (9,10)
6. Organized summaries of a business's financial activities. (10,7)
7. A decrease in owner's equity resulting from the operation of a business. (7)
10. A planned process for providing financial information that will be useful to management. (10,6)
12. The amount in an account. (7,7)
15. The account used to summarize the owner's equity in a business. (7)
16. An amount owed by a business. (9)

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