Across
- 3. anything of value that a person or business owns
- 5. where the owner will take cash or other assets from the business for personal use
- 6. a subdivision under assets, liabilities, or owner’s equity
- 7. an economic event that causes a change
- 12. the cost of products or services used to operate a business
- 13. Properties; accounts receivable, equipment
- 14. a legal right to an item
Down
- 1. creditors claim; accounts payable
- 2. money or other property paid out in order to produce profit
- 4. income earned from the sale of goods or services
- 6. 2nd asset; total amount of money to be received later
- 8. assets= Laibilities + Owners Equity
- 9. the amount owed to the creditors of a business
- 10. withdrawal and _____ have opposite effects
- 11. owners claim