Across
- 3. Reduction in owner's equity due to withdrawals for personal use
- 4. Items expected to generate future economic benefits
- 7. Event that has a financial impact and can be measured reliably
- 8. Entity to which the business has a present financial obligation
- 9. Owner’s residual interest after liabilities are deducted
- 10. Outflows that reduce owner’s equity but are not withdrawals
Down
- 1. Party legally obliged to pay the business for goods or services received
- 2. Amounts payable to outsiders due to past transactions
- 5. Inventory held for resale in the normal course of business
- 6. Documents authorizing payments or recording expenses