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