Across
- 2. total amount of money owed to a business
- 5. accounting term for financial claims to these assets
- 6. Assets = liabilities + owners equity
- 8. the cost of products used to operate a business
- 11. items of value owned by a business
- 12. money owed from the business
- 14. owners claim the assets of the business
- 15. legal right to property
- 18. a value that a person or business owns
Down
- 1. income earned from the sale of goods
- 3. buying an item on credit
- 4. economic event that causes a change
- 7. business or person selling something on credit
- 9. owner taking cash from the business for personal needs
- 10. money paid out in order to produce profit
- 13. creditors claim to the assets of the business
- 16. buying something and agreeing to pay later
- 17. subdivision under assets, liabilities, and owners equity