Chapter 3 Accounting Cr0ssW0rdz

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Across
  1. 3. A legal right to property.
  2. 6. Anything that a person or business owns and therefore controls.
  3. 7. What assets account gets changed when you do a job and agree to get payed later?
  4. 10. Money owed to a business on account.
  5. 13. Owners claims to the assets of a business.
  6. 14. Money or other property paid out in order to produce profit.
  7. 15. The business person selling the item on credit
Down
  1. 1. What is it called when you spend money for goods or services.
  2. 2. An economic event that causes a change either an increase or decrease in assets, liabilities, or owners equity.
  3. 4. When you buy something and agree to pay for it later.
  4. 5. Subdivision under assets, liabilities, or owners equity.
  5. 8. Property or items of value owned by a business.
  6. 9. Creditors claims to the assets of the business.
  7. 11. When you take money from the bank.
  8. 12. What is it called when you earn income from a sale of goods or services?