Chapter 3 Vocabulary

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Across
  1. 4. legal right to property
  2. 6. subdivision under assets, liabilities, or owner’s equity
  3. 7. owners claims to the assets of a business
  4. 8. total amount of money owed to a business
  5. 9. relationship between assets, liabilities, and owner’s equity is shown
  6. 10. creditors claims to the assets of a business
Down
  1. 1. business or person selling the item on credit
  2. 2. when a business buys an item on credit
  3. 3. economic event that causes a change
  4. 5. anything of value that a person or business owns