Across
- 3. Creditors claims to the assets of the business
- 5. Finally, at last; in the end
- 6. Money or other property paid out in order to produce profit
- 7. Assets = Liabilities + Owners Equity
- 9. Money that is set apart for a specific use
- 11. Total amount of money owed to a business
- 16. When you agree to pay for the item later
- 17. To move something from one person or place to another
- 18. A legal right to property
- 20. To obtain or come into control of something
- 22. The owners claim to the assets
- 23. Items or property of value owned by a business
- 24. The cost of products or services
Down
- 1. A value that a person owns and therefore controls.
- 2. An economic event cause's a change-either increase or decrease
- 4. A subdivision under assets, liabilities, or owner's equity
- 8. account When a business buys an item on credit
- 10. To produce, make, or cause
- 12. Business or person selling the item on credit
- 13. The amount owed or payable
- 14. Income that is earned from the sale of goods or services
- 15. Takes cash or other assets from business for personal use
- 19. To organize and carry out
- 21. The accounting term for the financial claims to the assets