Across
- 2. An item of value owned by the business
- 7. Money held on the premises to pay for small expenditures, such as milk or coffee, is known as _________ ________
- 10. The withdrawal of money below a $0 balance is a ________________________
- 12. A _________________ is secured by Assets
- 14. People who do not pay back the business the money that they owe are called __________ _________
- 15. What the business owns in Assets, must be equal to what the business________
Down
- 1. The owner's investment is known to the business as an internal _______________
- 3. When the owner invests money or assets into their business this is known as ___________________
- 4. Goodwill is an ______________ asset
- 5. Cartage, customs duty or freight is more commonly known as _____ __ _______ _______
- 6. An ________________ is used to track all changes regarding an item and acts as a summary device
- 8. An ___________________ is a cost incurred by a business to keep the business operating
- 9. Stock, merchandise or goods is more commonly called ____________________
- 11. To find the value of Owner's Equity, the equation is Capital less _______________
- 13. _________________ is income earned by the business