Amoyan Chapter 3 Vocab

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Across
  1. 5. the cost of products or services
  2. 6. a legal right to property
  3. 12. the total amount of money owed to a business
  4. 13. a person or business that you owe money to
  5. 14. property owned by a business
  6. 15. an equation that shows the relationship between assets and the two types of equities
Down
  1. 1. the amount of money owed to the creditor's of a business
  2. 2. an economic event that causes a change in assets, liabilities, or owner's equity.
  3. 3. to take out cash
  4. 4. income earned from sales
  5. 7. the value of shares issued by a business
  6. 8. the creditors claims to the assets of the business
  7. 9. money or other property paid out in order to produce profit
  8. 10. subdivision under assets, liabilities, or owner's equity.
  9. 11. something that somebody owns
  10. 16. to buy something and agree to pay for it later
  11. 17. equity the owners claims to the assets of the business
  12. 18. when a business buys an item on credit