Mckay- Chapter 3 Vocab

123456789101112131415161718
Across
  1. 3. amount owed to the creditors of a business
  2. 5. subdivision under assets liabilities or owner's equity
  3. 6. total money owed to a business
  4. 9. items of value owned by a person
  5. 11. debts of a business
  6. 13. owner's claim to the assets
  7. 15. anything of value that a person or business owns
  8. 17. someone that is owed money
  9. 18. when a business pays with credit
Down
  1. 1. earned from sales
  2. 2. relationship between assets and equities
  3. 4. cost of products or services
  4. 7. money payed to produce a profit
  5. 8. economic event that causes a change
  6. 10. financial claims for assets
  7. 12. legal right to property
  8. 14. when a business owner takes money from the business for personal use
  9. 16. when you agree to pay for something later