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Accounting I 3rd

Name _________ ________________________
Horizontales
Golden rule of Accounting
The owner's claims to the assets of the business
Legal right to an item
An entry on the left side of an account
Items of merchandise a business has in stock.
Verticales
Money supplied by investors, banks, or owners of a business
Company is said to have an eternal existence
Goods bought to resell to customers.
A chronological record of the transactions of business
A visual representation of a ledger account.