Across
- 1. The relationship between assets and the two types of equities (liabilities and owner’s equity) (Bryan Banegas)
- 3. A verb use when the owner invests something into his business. (amaya)
- 5. accounts payable is a. (Bryan)
- 10. an economic event that causes a change either an increase or a decrease—in assets, liabilities, or owner’s equity. (Escobar)
- 11. When you agree to buy something and agree to pay it later. (Jose Sisnado)
- 12. term for Property or items of value owned by a business. (Jose Sisnado)
- 13. anything of value a person or business owns and controls. (Escobar)
- 14. THe only account used under owner's equity. (amaya)
- 15. subdivision under assets, liabilities, or owner’s equity. (Escobar)
- 17. An account under assets. (amaya)
- 19. A transaction where money loan repayments or payments for goods and services are made at a future date. (amaya)
Down
- 2. The business or person selling you the item on credit. (Jose Sisnado)
- 4. A transaction that uses physical cash. (amaya)
- 6. The accounting term for the financial claims to assets (Jose Sisnado)
- 7. The owner’s claims to the assets of the business. (Escobar)
- 8. legal right to an item. (Jose Sisnado)
- 9. money or other property paid out in order to produce profit. (Escobar)
- 12. is the amount owed, or payable, to the creditors of a business. (Bryan)
- 16. The creditor’s claims to the assets of the business (Bryan)
- 18. the total amount of money owed to a business—money to be received later because of the sale of goods or services on credit.
