Across
- 1. a sale for which payment will be received at a later date
- 4. reports that summarize financial condition and operations of a business
- 6. a person or business to whom liability is owed
- 7. process of planning recording and interpreting financial information
- 9. anything of value that is owned
- 11. cost of goods or services used to operate a business
- 13. amount remaining after the value of all liabilities is subtracted from the value of all assets
Down
- 2. planned process designed to compile data and summarize results in records and reports
- 3. assets taken from a business for owner's personal use
- 5. financial rights to the assets of a business
- 8. amount owed
- 10. increase in equity resulting from the sale of good or services
- 12. difference between assets and liabilities