Accounting Semester 1

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Across
  1. 3. Amount earned by performing services or selling goods for customers
  2. 4. Properties of value owned by a business (ex. cash, supplies, equipment)
  3. 5. Owner's investment of equity in the company
  4. 6. The recording function of the accounting process
  5. 8. Business that buys a product from a manufacturing company to sell to its customers
  6. 9. Money taken out by owner for personal use
  7. 11. An asset that indicates amounts owed by customers
  8. 12. Business that provides a service
  9. 13. Obligations that come due in the future
  10. 14. Business that makes a product and sells it to its customers
  11. 15. A cost incurred by running a business or consuming supplies
Down
  1. 1. Assets - Liabilities =
  2. 2. Revenue - Expenses (positive)
  3. 5. Someone who has a claim to assets
  4. 7. A form of business with at least 2 owners
  5. 10. A type of business organization that has 1 owner