Across
- 3. Money or assets taken out of the business by the owner.
- 4. An asset you acquire with the hope it will grow in value or earn income.
- 5. Things a person or business owns that have value.
- 9. A person or business that lends money or gives credit and expects to be paid back.
- 10. Money a business earns from selling goods or services.
- 11. The portion of a companies assets that belong to the owner after liabilities are paid.
- 14. A legal right or request for payment from one party to another.
- 15. Basic formula of accounting that shows how a company's finances are balanced.
- 16. A business buys or sells something now but will pay or be paid later.
- 17. The right to borrow money or get goods and services now, and pay later.
Down
- 1. Any exchange of money, goods, or services that changes finances in a business.
- 2. Anything a person or group of people own.
- 6. Fractional ownership in a company.
- 7. A cost that a company incurs to generate revenue.
- 8. Money that customers owe a business for goods or services the business has already provided.
- 12. A record that tracks all financial changes in one specific thing.
- 13. Financial obligations or debts that a business owes to outside parties.
