Across
- 3. Anything of value owned by a business
- 7. When the owner of a business takes money out of the account
- 11. A system to record transactions
- 13. Total amount of money owed by a business
- 17. Amount of money earned by a business
- 19. Assets=Liabiities+Owners equity
- 20. Decrease side on a T account
- 21. Any person or business which you owe money to
Down
- 1. Economic event that causes change
- 2. Amount payable to the creditors of a business
- 4. list of all accounts used by a business
- 5. Creditors claim to and asset
- 6. Cost of goods or services
- 8. A group of accounts
- 9. A subdivision under Asset, Liability, and/or owners equity
- 10. claim A legal right to an item
- 12. Increase side on a T account
- 14. An average usual balance
- 15. Equity An owners claim to an asset
- 16. A term to a claim to items
- 18. Money or property owned by a business