Chapter 3 Finance Vocab

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Across
  1. 2. A record of balance
  2. 3. A valuable item that is owned
  3. 5. Sales person on credit
  4. 6. The legal right to property
  5. 10. Cost to operate
  6. 11. Income from a service
  7. 12. ____ Equity (claims the assets)
  8. 15. An event that changes an aspect of the Accounting Equation
  9. 16. Claims to assets
  10. 17. Assets= Liabilities + Owner's Equity
  11. 18. $$$ owed to creditors
Down
  1. 1. $$$ owed to a business
  2. 4. Creditor's claim to assets
  3. 7. ____ Card (buy now pay later)
  4. 8. Property of a business
  5. 9. Business buys on credit
  6. 13. You purchase it to make profit
  7. 14. Owners take money to benefit themself