Chapter 3 and 4 Vocabulary Terms

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Across
  1. 4. the ______ of an account jis the same side used to increase the account
  2. 8. the amount of money owed to a business' credit (I OWE YOU)
  3. 10. assets = liabilities + owner's equity
  4. 11. the left side of the T-account
  5. 12. anything of value that is owned or controlled by an individual or a business is called
  6. 13. the prices paid for goods or services used to operate a business
Down
  1. 1. a tool used by accounts to help analyze business transactions
  2. 2. a list of all the accounts a business uses
  3. 3. the right side of the T-account
  4. 5. the toal money to be recieved in the future for goods or services sold on credit
  5. 6. the debts of a business
  6. 7. income earned from the sale of goods and services is called
  7. 9. accounts are grouped together in a _______