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