Accounting Terms

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Across
  1. 1. (Daniela) Assets invested in a business
  2. 6. (Veronica) the owner’s claims to the assets of the business. (2 words separated by hyphen)
  3. 7. (Daniela) The amount earned after deducting expenses.
  4. 9. (Veronica) legal right to an item
  5. 10. (Jose Romero) Property or items of value owned by a business.
  6. 11. (Daniela) Bought now, paid later. (2 words separated by hyphen)
  7. 13. (Daphne) When something is paid later.
  8. 14. (Veronica) an economic event that causes a change in assets, liabilities, or owner’s equity. (2 words separated by hyphen)
  9. 15. (Daphne) Something that the business owns.
Down
  1. 2. (Jose Romero) The creditor’s claims to the assets of the business.
  2. 3. (Veronica) the total amount of money owed to a business. (2 words separated by hyphen)
  3. 4. (Jose Romero) The relationship between assets and the two types of equities. (2 words separated by a hyphen)
  4. 5. (Daphne) Another term for financial claim
  5. 8. (Daphne) Essential to produce profit.
  6. 12. (Jose Romero) The business or person selling you the item on credit.
  7. 13. (Daniela) Another word for money