Accounting Terms

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Across
  1. 3. Anything of value owned by a business
  2. 7. When the owner of a business takes money out of the account
  3. 11. A system to record transactions
  4. 13. Total amount of money owed by a business
  5. 17. Amount of money earned by a business
  6. 19. Assets=Liabiities+Owners equity
  7. 20. Decrease side on a T account
  8. 21. Any person or business which you owe money to
Down
  1. 1. Economic event that causes change
  2. 2. Amount payable to the creditors of a business
  3. 4. list of all accounts used by a business
  4. 5. Creditors claim to and asset
  5. 6. Cost of goods or services
  6. 8. A group of accounts
  7. 9. A subdivision under Asset, Liability, and/or owners equity
  8. 10. claim A legal right to an item
  9. 12. Increase side on a T account
  10. 14. An average usual balance
  11. 15. Equity An owners claim to an asset
  12. 16. A term to a claim to items
  13. 18. Money or property owned by a business