Accounting Vocabulary Puzzle

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Across
  1. 3. Money borrowed that must be repaid
  2. 5. A business that buys goods and resells them.
  3. 8. Statement of Financial Position
  4. 12. The owner’s claim on the business (two words)
  5. 13. What the business owns. Eg. Cash,Building
  6. 14. Money earned from sale of goods or service performed
  7. 15. Rules accountants must follow universally
Down
  1. 1. People or businesses the company owes money to
  2. 2. A long-term loan used to buy property
  3. 4. What the business owes to others
  4. 6. International accounting standards used around the world
  5. 7. The person who owns a sole proprietorship
  6. 9. Another word for the owner’s investment in the business
  7. 10. Costs of running the business. Eg. Rent, Utilities
  8. 11. Any business activity involving money.