Across
- 5. Is the amount owed, or payable, to the creditors of a business.
- 7. is the cost of products or services used to operate a business.
- 8. The business selling you the item on credit.
- 10. Income earned from the sale of goods or services.
Down
- 1. If a business earns revenue, the owner will take cash or other assets from the business for personal use. This transaction is called a...
- 2. is money or other property paid out in order to produce profit.
- 3. Is anything of value that a business owns and therefore controls.
- 4. When you buy something and agree to pay for it later.
- 6. Is the total amount of money owed to a business—money to be received later because of the sale of goods or services on credit.
- 9. When a business buys an item on credit.