accounting

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Across
  1. 3. a system to record business transactions
  2. 5. tangible form of currency
  3. 7. represents taking of assets from the business for personal use
  4. 9. something given for the notes payable transaction
  5. 10. only ____ transactions are recorded
  6. 12. earnings
  7. 13. what a business owes
  8. 14. what a business owns
  9. 16. owner’s claim on assets
  10. 17. cost of production
  11. 18. what’s left on the shelf
Down
  1. 1. income earned from operations
  2. 2. profit killer
  3. 4. amounts due to creditors for goods and services purchased on credit
  4. 6. accounting rulebook, briefly (HINT: a set of rules, standards, and procedures for financial reporting in the US)
  5. 8. a type of general ledger (HINT:
  6. 11. a service business has no ___
  7. 15. final entries of financial statements