Vocab Ch 1 Starting a Proprietorship Crossword
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
 
 
Down: 1) A business owned by one person.4) A record summarizing all the information pertaining to a single item in the accounting equation.5) A planned process for providing financial information that will be useful to management.6) An increase in owner's equity resulting from the operation of a business. An example would be Sales.8) Organized summaries of a business's financial activities.9) The name given to an account. An example of this would be Cash or Supplies.11) The account used to summarize the owner's equity in a business. An example would be Robert Meyers, Capital. Across: 1) A business that performs an activity for a fee. A daycare is an example of this type of business.2) The principles of right and wrong that guide an individual in making decisions.3) A sale for which cash will be received at a later date from the customer.7) Planning, recording, analyzing, and interpreting financial information.9) This concept is applied when business transactions are stated in dollar amounts - dollar amounts represent have a common value that can be measured.10) The amount in an account.12) This concept is applied when revenue is recorded at the time goods or services are sold even though cash may not have been received.13) Assets (usually cash) taken out of a business for the owner's personal use.14) A business activity that changes assets, liabilities, or owner's equity.15) Financial reports that summarize the financial condition and operations of a business.16) This concept is applied when a business's financial information is recorded and reported separately from the owner's personal financial information.17) The use of ethics in making business decisions.18) A decrease in owner's equity resulting from the operation of a business. An example would be Rent Expense.
 

 

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