Across
- 3. Money borrowed that must be repaid
- 5. A business that buys goods and resells them.
- 8. Statement of Financial Position
- 12. The owner’s claim on the business (two words)
- 13. What the business owns. Eg. Cash,Building
- 14. Money earned from sale of goods or service performed
- 15. Rules accountants must follow universally
Down
- 1. People or businesses the company owes money to
- 2. A long-term loan used to buy property
- 4. What the business owes to others
- 6. International accounting standards used around the world
- 7. The person who owns a sole proprietorship
- 9. Another word for the owner’s investment in the business
- 10. Costs of running the business. Eg. Rent, Utilities
- 11. Any business activity involving money.