Accounting Terminology
Across
- 5. ability of a business to meet short-term debt
- 8. inflows of resources
- 9. present obligations of the business to transfer economic resources to other entities
- 11. money lost from revenue less expenses
Down
- 1. refers to a business' ability to meet long-term obligations
- 2. money the owner withdraws from the business
- 3. money the owner puts into the business
- 4. losses of economic benefits
- 6. the owners claim on assets of a business
- 7. money made from revenue less expenses
- 10. resources under the control of the business entity