Accounting

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Across
  1. 4. buy something and pay for it later
  2. 6. generally accepted accounting principles
  3. 10. money supplied by owners or investors
  4. 11. assets = liabilities + owner's equity
  5. 15. business or person selling on credit
  6. 16. money owed to a business
  7. 18. an item bought on credit
  8. 19. income earned from sale of goods or services
Down
  1. 1. owner's claims to the assets of the business
  2. 2. legal right to property
  3. 3. describes a business as expected to continue
  4. 5. property or items of value owned by a business
  5. 7. money payable to creditors by a business
  6. 8. creditor's claims to the assets of a business
  7. 9. cost of products or services used to operate a business
  8. 12. money earned after expenses
  9. 13. anything of value a person or business owns
  10. 14. subdivision under assets, liabilities, owner's equity
  11. 17. occurs when a business spends more money than earned