Accounting Terms

2. Is a legal right to an item. (José Sisnado)
4. A transaction that uses physical cash. (Isabella Amaya)
7. The accounting term for the financial claims to these assets. (José Sisnado)
8. Accounts payable is a (José Escobar)
12. Is anything of value that a person or business owns and therefore controls (Bryan Banegas)
13. Is an economic event that causes a change— either an increase or a decrease—in assets, liabilities, or owner’s equity. (Two words with no spaces) (Bryan Banegas)
15. When a business buys an item on credit, it is buying ... (Two words with no spaces) (José Escobar)
16. Assets=Liabliities+Owner's Equity (Two words without spaces) (José Escobar)
17. The only account used under owner's equity. (Isabella Amaya) (One word is three letters then a comma and then another word) (Without spaces)
18. Property or items of value owned by a business. (José Sisnado)
19. The owner’s claims to the assets of the business. (Bryan Banegas)

1. A transaction where money payments for goods are made for future dates. (Isabella Amaya)
3. 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 (Two words no spaces) (José Escobar)
4. When you buy something and agree to pay for it later (José Sisnado)
5. A verb used when the owner invests something into his business. (Isabella Amaya)
6. An account under assets. (Isabella Amaya)
9. Is the amount owed, or payable, to the creditors of a business. (Two words with no spaces) (José Escobar
10. The business or person selling you the item on credit. (José Sisnado)
11. What are accounts payable, XYZ capital, and Cash in bank? (Bryan Banegas)
14. Is money or other property paid out in order to produce profit. (Bryan Banegas)