Across
- 2. income: Total income before expenses are paid
- 4. value: true value
- 8. Wealth in the form of money or other assets owned by a person or business
- 11. plan of how and where expenses will go and what income will do
- 12. anything that had value and is owned by the business
- 13. expense: costs that stay consistent monthly.
- 15. An act of helpful activity
- 16. has a board of directors
- 17. practice of using credit to increase total capital managed beyond amount of owners equity
- 21. increase in value
- 22. legal responsibility with employees and money
- 24. Loss: result of expenses being higher than income or total revenue
- 25. short term health of a business
- 26. food,water,clothing,shelter
- 27. above what is used or needed
Down
- 1. raw material
- 3. no profit and no loss
- 5. Sheet: list of assets and liability
- 6. something owed or due
- 7. money made after expenses
- 9. Original amount
- 10. a loss in value
- 14. sum of money given by government for a particular purpose
- 15. Value: estimated value of a fixed asset at the end of it's useful life.
- 18. Ration of net income to total assets
- 19. luxury items
- 20. to make less severe
- 22. a book in which farm accounts are kept
- 23. price paid for use of borrowed money