Analyzing Transactions Vocab

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Across
  1. 2. Total amount of money owed to a business
  2. 3. Assets=Liabilities+Owners Equity
  3. 5. Financial Claim to an asset
  4. 6. The cost of products/services to operate a business
  5. 10. Property or items owned by a business
  6. 11. Total amount of money owed to a creditor of the business
  7. 13. A legal right to property
  8. 15. Income earned from product or service
  9. 17. Anything of value a person or business owns
  10. 18. An owners claim to an asset of a business
Down
  1. 1. An economic event that causes a change
  2. 4. Business or person selling something on credit
  3. 7. When the owner takes cash out of the business for personal use
  4. 8. Money or other property paid out in order to produce profit
  5. 9. When a business buys something on credit
  6. 12. The debts of a business
  7. 14. Buy something and agree to pay for it later
  8. 16. A subdivision for either Assets/Liabilities/OE