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Accounting 1 Vocabulary

Jeff Bright

Accounting Terms

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Across
2.Form used to enter transactions in chronological order
9.A number given to an account
11.Transferring information from journal to ledger
12.Companies that you owe money to.
13.Change in the accounting equation
14.Companies that owe you money
17.When the owner takes money out of a business
19.A name given to an account
22.Docoment used to write a description of transaction
23.Document used when cash is received from customer
24.Money made from operating a business
25.Account that goes against a related account
Down
1.Left side of a T account
3.Assets=Liabilities+Owner's Equity
4.Source document used when cash is paid
5.Accounting software used by many small firms
6.Company owned by one person
7.Owned by stockholders
8.Right side of a T account
10.Things that have value
15.Account used to summarize Owner's Equity
16.Displays Assets, Liabilities, and Owner's Equity
18.Two or more owners
20.Money paid to operate a business
21.A group of accounts-where transactions are summarized

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