Basic Accounting Terms

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Across
  1. 4. Deals or exchanges involving money between two or more parties.
  2. 5. Owner’s financial investment in a business.
  3. 6. Costs incurred in the process of earning revenue.
  4. 9. A record summarizing all the information about a single item in the accounting equation.
  5. 10. Items of value owned by a business.
  6. 11. Goods a business holds for resale or use.
Down
  1. 1. Money or goods taken by the owner for personal use.
  2. 2. Earnings received from work, investments, or business.
  3. 3. Debts or obligations owed by a business to outsiders.
  4. 7. Items ready for sale, part of inventory.
  5. 8. A reduction from the usual price.