Across
- 1. Resources owned by a business that have economic value.
- 5. is the total money owed to a business.
- 6. Obligations or debts that a business owes to outside parties.
- 8. item can be converted into cash within a year.
- 9. anything of value that is owned or controlled.
- 10. The costs incurred in the process of earning revenue.
Down
- 1. represents the short-term liabilities that a business owes
- 2. items of value that will be held for more than one year.
- 3. is a set of documents that outline the essential financial facts about the business venture.
- 4. The residual interest in the assets of a business after deducting liabilities.
- 7. The income generated from normal business operation