Accounting 1

1. Assets - Liabilities
3. An organization or enterprising entity engaged in commercial, industrial or professional activities.
5. Items used for daily business operations.
8. To be responsible for something by law.
12. The business owe money to its vendors/suppliers.
13. Everything we own.
14. The standards for morally right and wrong conduct in business.
17. A complete list of current assets.
18. To exchange goods, services or financial assets in return for money.
19. A reduction from the usual cost of something.
20. The money the customer owes to the company.

2. The total amount of income generated by sales.
4. When we earn money.
6. A short and memorable phrase used in advertising.
7. A multiplayer economics-themed board game.
9. To call the attention of the public to something, typically a product or service.
10. The process of keeping financial accounts.
11. When we lose money.
15. A way for a business owner to withdraw money from the business for personal use.
16. The money used to build, run or grow a business.