Across
- 2. a liability that is the amount of money owed by a business to its creditors
- 5. business owned by two or more individuals
- 7. money spent in excess of money earned
- 9. the left side of a T account
- 12. an asset that is the total amount of money owed to a business
- 13. genaerally accepted accounting principles
Down
- 1. place where a business's accounts are located
- 3. business owned by one person
- 4. a person who starts a business
- 5. money earned over and above money spent
- 6. the right side of a T account
- 8. money supplied by investors, banks, or owners
- 10. a legal business organization that has a life of its own
- 11. used to show the dollar increase or decrease in an account
- 12. a system designed to collect, document, and report on business transactions