Accounting for Careers: Chapter 3 Terms

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Across
  1. 3. The creditors claims to the assets of a business.
  2. 6. A person or business to whom we owe money.
  3. 8. Income earned from the sale of goods and services.
  4. 9. The total claim to the assets of a business.
  5. 10. When the owner takes cash or other assets for their personal use.
Down
  1. 1. The total amount of money owed to creditors is Account___.
  2. 2. Property or other items of value owned by a business.
  3. 4. The cost of products or services used up to operate a business.
  4. 5. When you buy something and agree to pay for it later.
  5. 7. Money owed to the business from providing customers products or services on account is Account___.