Key Terms Accounting Isabella Chicas 10-B

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Across
  1. 2. When a business earns revenue and the owner takes cash or other assets from the business for personal use
  2. 6. The business or person selling you the item on credit on
  3. 7. Anything of value that a person or business owns and therefore controls
  4. 8. Money or other property paid out in order to produce profit
  5. 9. The total amount of money owed to a business—money to be received later
  6. 10. The cost of products or services used to operate a business
Down
  1. 1. The amount owed, or payable, to the creditors of a business
  2. 3. When a business buys an item on credit
  3. 4. When you buy something and agree to pay for it later
  4. 5. Income earned from the sale of goods or services