Chapter 3 Vocab - Perez

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Across
  1. 7. assets = liabilities + owners equity
  2. 8. Something that you own
  3. 9. measurement of $ to claim
  4. 10. items of value
  5. 11. person who sells the item on credit
  6. 13. claims to assets of business
  7. 14. legal right
  8. 18. amount of $ a owner puts into
Down
  1. 1. economic event that causes change
  2. 2. total amount of money owed
  3. 3. total amount of money owed to creditors of a business
  4. 4. taking out cash
  5. 5. cost of products or services used in said business
  6. 6. buying a item on credit
  7. 12. income earned from sales of goods & services
  8. 15. money or property paid in order to make profit
  9. 16. subdivison under Assets
  10. 17. agree to buy something & pay for it later