Accounting Terms Crossword

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Across
  1. 3. All funds on deposit with a bank or savings and loan institution, normally in non-interest-bearing accounts.
  2. 4. anything of value that a person or business owns and therefore controls.
  3. 8. occurs when goods, services, or money are passed between one person, business, account, etc.
  4. 11. The business or person selling you the item on credit.
  5. 13. Assets = Liabilities+owner’s equity.
  6. 14. Transaction that happens when a business earns revenue
  7. 15. Can only be done by the owner.
  8. 18. can refer to the money in a bank account or due on an account. And balance can also describe the act of balancing an account.
  9. 19. the amount owed, or payable, to the creditors of a business.
  10. 20. is the portion of a company's assets that an owner can claim.
Down
  1. 1. money that would be received later because of the sale of goods or services on credit.
  2. 2. can be any financial asset that is used
  3. 5. The amount of money the owner of an asset would be paid after selling it and any debts associated with the asset were paid off
  4. 6. The creditor’s claims to the assets of the business.
  5. 7. When a business buys an item on credit.
  6. 9. is a subdivision under assets, liabilities, or owner’s equity
  7. 10. When you buy something and agree to pay for it later, you are buying on
  8. 12. Property or items of value owned by a business.
  9. 16. the cost of products or services used to operate a business.
  10. 17. Income earned from the sale of goods or services