Accounting terms

3. Bought now, paid later. (2 words separated by hyphen)
5. Another word for money
7. the owner’s claims to the assets of the business. (2 words separated by hyphen)
8. Something that the business owns.
11. When something is paid later.
12. The creditor’s claims to the assets of the business.
13. legal right to an item
15. Assets invested in a business
16. Essential to produce profit.

1. an economic event that causes a change in assets, liabilities, or owner’s equity. (2 words separated by hyphen)
2. the total amount of money owed to a business. (2 words separated by hyphen)
4. The relationship between assets and the two types of equities. (2 words separated by a hyphen)
6. The amount earned after deducting expenses.
9. Another term for financial claim
10. The business or person selling you the item on credit.
14. Property or items of value owned by a business.