Across
- 4. The cost of borrowing money on a loan or earning money on an interest-bearing account
- 5. A physical check performed by an auditor to check that everything is accounted for correctly
- 7. An asset purchased for the purpose of earning money such as shares
- 8. The value of ownership interest in the business. Calculated by deducting liabilities from assets
- 9. A document provided to a customer to request payment for a good/service received
- 12. The fixed costs associated with operating a business such as rent
Down
- 1. A lending term used when a customer purchases a good or service with an agreement to pay at a later date
- 2. A financial obligation or amount owed
- 3. The process of expensing an asset over a period of time. An asset is depreciated to spread the cost of the asset over its useful life
- 6. Things you own. These can be cash or something that can be turned into cash such as property
- 10. A person or business that allows you to purchase a good or service with an agreement to pay at a later date
- 11. A person or business that owes you money
- 13. The actual good or materials a business currently has on hand