Across
- 3. All funds on deposit with a bank or savings and loan institution, normally in non-interest-bearing accounts.
- 4. anything of value that a person or business owns and therefore controls.
- 8. occurs when goods, services, or money are passed between one person, business, account, etc.
- 11. The business or person selling you the item on credit.
- 13. Assets = Liabilities+owner’s equity.
- 14. Transaction that happens when a business earns revenue
- 15. Can only be done by the owner.
- 18. can refer to the money in a bank account or due on an account. And balance can also describe the act of balancing an account.
- 19. the amount owed, or payable, to the creditors of a business.
- 20. is the portion of a company's assets that an owner can claim.
Down
- 1. money that would be received later because of the sale of goods or services on credit.
- 2. can be any financial asset that is used
- 5. The amount of money the owner of an asset would be paid after selling it and any debts associated with the asset were paid off
- 6. The creditor’s claims to the assets of the business.
- 7. When a business buys an item on credit.
- 9. is a subdivision under assets, liabilities, or owner’s equity
- 10. When you buy something and agree to pay for it later, you are buying on
- 12. Property or items of value owned by a business.
- 16. the cost of products or services used to operate a business.
- 17. Income earned from the sale of goods or services