Across
- 2. Revenue for a product that has been sold or a service provided but for which no payment has yet been received (2 words, no space)
- 4. List of assets and liabilities of an individual business (2 words, no space)
- 5. Fungible good with little or no qualitative difference
- 7. Records a decrease in the value of an asset or an increase in liability, owner equity, or an income account
- 9. The money that is being used for day to day operations (2 words, no space)
- 13. anything of value owned by a business or individual
- 15. Basic physical and organizational structures needed to facilitate the production of goods and services for the operation of a society or enterprise
- 16. The production, distribution, and consumption of food, shelter, and clothing
- 18. Physical quantity and financial value of products produced for sale that have not yet been sold
- 19. The value of products and services produced by a business during an accounting period
- 20. Shows how much the owner has vs how much they owe (assets-liabilities) (2 words, no space)
Down
- 1. An expense that accumulated daily but has not yet been paid (2 words, no space)
- 3. An expense that has been incurred but not yet paid (2 words, no space)
- 6. Calculates the amount of profit or loss that a business incurs (2 words, no space)
- 8. money, goods, or services which a person owes to another
- 10. an association of individuals that own a business as a separate entity from themselves
- 11. Two or three people running a business together
- 12. A cost or expenditure incurred in the production of revenue
- 14. A debt or other financial obligations that must be paid at some point in the future
- 17. Single person running their own business (2 words, no space)