Across
- 2. the cost of goods or services used to operate the business
- 5. Statements- Financial reports that summarize the financial condition and operations of a business
- 6. The principles of right and wrong(making a decision)
- 8. A person or business to whom a liability is owned
- 9. net worth The difference between personal assets and personal liabilities
- 11. plan a formal written document that describes the nature of the business and how it will operate
- 12. Anything of value
Down
- 1. an increase in cash from a sell
- 3. An amount owed
- 4. assets taken from the business for the owner's personal use
- 7. business A business that performs activity for a fee
- 10. The difference between assets and liabilities.