Key Terms Accounting- Mariajose Mendoza 10B

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Across
  1. 5. The amount owed, or payable, to the creditors of a business.
  2. 7. The cost of products or services used to operate a business.
  3. 8. The business or person selling you the item on credit.
  4. 10. Income earned from the sale of goods or services.
Down
  1. 1. When a business earns revenue and the owner takes cash or other assets from the business for personal use.
  2. 2. Money or other property paid out in order to produce profit.
  3. 3. Anything of value that a person or business owns and therefore controls.
  4. 4. When you buy something and agree to pay for it later.
  5. 6. The total amount of money owed to a business—money to be received later.
  6. 9. When a business buys an item on credit.