U1T1 - Revision L6

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Across
  1. 2. amounts that a business has purchased on credit from suppliers
  2. 3. the accounting equation states that assets less these equals OE
  3. 5. an owner's investment in a business
  4. 9. a cost associated with the operating of a business
  5. 10. an amount owed by a business to another business or individual
  6. 11. a type of business that sells goods to customers
  7. 13. a type of business that sells its skills and labour to customers
  8. 14. an amount that is earned by a business
Down
  1. 1. amounts that a business has allowed customers to purchase on credit from it
  2. 4. the number of "elements" in accounting
  3. 6. an item owned or controlled by a business
  4. 7. the acronym of the accounting elements
  5. 8. a type of liability whereby the owner of a business is responsible for the debts of a business
  6. 12. companies have this type of liability as the shareholders are not responsible for the debts of the company