Across
- 4. Debt that the business owes to the owner for contribution of cash or money to the business
- 5. Financial benefit from money generated when a business makes more money than spent
- 7. An item owned by a business that has value and s available to meet debts and commitments. This can inclue cash equipment and property
- 10. A financial statement that shows the total profit made from income to the business at any period of time
- 12. A type of business which offers a certain service in exchange for money
- 13. A transaction between two parties one exchanging money for a goods or service
- 14. A payment made in exchange for a service
- 15. Money generated from normal business operations
Down
- 1. External debts that the business owes
- 2. Money received from any external source going into the business
- 3. Money going out of the business paying off to an external source
- 6. A financial statement that shows a companys current financial standing
- 8. An outflow of money going out of the business as a payment
- 9. Debts that business owes
- 11. A type of business that buys and sells certain items