Accountings Crossword Puzzle

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Across
  1. 3. the amount owed, or payable to the creditors or business. (Santiago)
  2. 4. Money or other property paid out in order to produce profit (Ana)
  3. 10. is the process of recording financial transactions pertaining to a business.(Jade)
  4. 11. money to be received later because of the sell of goods or services on credit (Ana)
  5. 13. the relationship between assets, liabilities and capital of a business.(Santiago )
  6. 15. The accounting equation states that a company’s total assets are equal to the sum of its liabilities and its shareholders’ equity. Angie
  7. 18. is an accounting term that denotes partial payment of an amount owed. On account is also used to denote the purchase/sale of goods or services on credit. Angie
  8. 19. The business or person selling you the item on credit.(Jade)
  9. 20. The accounting term for the financial claims to the assets. (Ana)
Down
  1. 1. An economic event that causes a change either decrease or increase in assets , liabilities, and owners equity. (Ana)
  2. 2. The accounting term for the financial claims to these assets is _______. (Santiago)
  3. 5. is a legal right to an item. Angie
  4. 6. When you buy something and agree to pay for it later, you are buying on credit. (Jade)
  5. 7. is anything of value that a person or business owns and therefore controls.(Jade)
  6. 8. The creditors claims to the assets of the business. Angie
  7. 9. A current medium of exchange in the form of coins and banknotes.(Jade)
  8. 12. The accounting equation states that a company’s total assets are equal to the sum of its liabilities and its shareholders’ equity. Angie
  9. 14. owner’s claims to the assets of the business. (Santiago)
  10. 16. the movement of assets, funds, or ownership rights from one place to another.(Santiago)
  11. 17. a subdivision under assets , liabilities, and owners equity. (Ana)