Across
- 3. Subdivision under one part of the accounting equation
- 4. Managed or directed
- 5. Money the business owes, has to pay to creditors, under liabilities
- 12. Property owned by a business, first part of accounting equation
- 13. When you buy on credit you buy
- 14. First step in analyzing a business transaction, check which accounts are affected
- 16. Switch
- 18. An economic event that causes a change in assets, liabilities, or owner's equity
- 19. When the owner's takes money out for personal use it is called a
- 24. What comes after the owner's name in owner's equity
- 25. Creditor's claims to the assets of the business, middle part of accounting equation
- 26. Negative affect on an account
- 27. The cost of products or services used to operate a business, under owner's equity
Down
- 1. Money or other property paid out in order to produce profit
- 2. Positive affect on an account
- 5. A=L+OE
- 6. Person or business selling an item on credit
- 7. Something of value owned and controlled by a person or business
- 8. Financial claims to assets
- 9. Legal right to property
- 10. Income earned from the sale of goods or services, under owner's equity
- 11. Total amount of money owed to a business, being received later,under assets
- 15. Owner's claims to the assets of the business,last part of accounting equation
- 17. At some time later; in the end
- 20. Last step in analyzing a business transaction, double check
- 21. When you come into possession of something
- 22. Second step in analyzing a business transaction
- 23. Start, produce
- 24. When you buy something and agree to pay for it later you are buying it on what