Double Entry System

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Across
  1. 3. A person or company that the business owes money to (a liability).
  2. 4. The right side of an account; it increases liabilities.
  3. 6. Revenue earned from selling goods or services.
  4. 9. Money or debts that a business owes to others.
Down
  1. 1. The person who started and controls the business.
  2. 2. Something of value owned by a business, like cash or equipment.
  3. 3. The money an owner puts into the business; also called equity.
  4. 5. A person or company that owes money to the business (an asset).
  5. 7. Where a business keeps its cash safe and makes deposits.
  6. 8. The left side of an account; it increases assets.