Accounting choice board
Across
- 5. Relationship between assets and two types of equities
- 7. When a business buys an item on credit
- 9. The business or person selling the item on credit
- 10. Property or items of value owned by a business
- 13. Any item that a person or a business has legal title over
- 16. Total amount of money owed to a business
- 18. Debts of a business
Down
- 1. Right of a creditor to receive a payment or series of payments from a debtor
- 2. Money paid out in order to produce profit
- 3. Subdivision under assets, owner's equity, or liabilities
- 4. Economic event that causes a change
- 6. If a business earns revenue, the owner will take cash from the business for personal use
- 8. Type of loan
- 11. Shares issued by a company which represent ownership in the company
- 12. Owner's claim to the assets of the business
- 14. Cost of product used to operate a business
- 15. Amount owed to the creditors of a business
- 17. Income earned from the sale of goods or services