Key Terms Accounting- Arielle Mayes 10B

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Across
  1. 3. when the owner takes money or assets out of the business for personal use
  2. 5. a cost a business pays to earn revenue, which lowers owner's equity
  3. 6. money earned from selling goods or providing services
  4. 7. a way to buy now and pay later for goods or services
  5. 8. anything valuable that a person or business owns and controls
  6. 10. a money amount a business owes to creditors for goods or services
Down
  1. 1. a money amount customers owe to a business for credit sales
  2. 2. a person or business who is owed money by another party
  3. 4. money or property put into a business to help it grow and earn profit
  4. 9. a transaction where payment is delayed until a later time