Chapter 3 Vocabulary

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Across
  1. 3. The owner’s business share
  2. 4. Cost to run the business
  3. 5. Everything the business owns
  4. 8. Income from business operations
  5. 10. Debts
  6. 11. Owner’s asset rights
  7. 12. A person a business owes money to
  8. 14. Money owed to creditors
  9. 15. Owner takes assets from the business for personal use
  10. 16. legal right to property/money
  11. 17. Unpaid partial transaction
Down
  1. 1. A record that tracks changes
  2. 2. Owned items of value
  3. 5. Money owed to the business from customers
  4. 6. A financial activity
  5. 7. Putting money into something to earn a return in the future
  6. 9. Increase liabilities/equity
  7. 13. Assets= Liabilities + Owner's equity