Across
- 3. The amount owed or payable to creditors
- 5. Shows Balance for specific item and is a record of increase or decrease
- 9. Relationship between assets and the two equities
- 11. Owner taking cash or assets from business for personal use
- 14. Cost of items/services to operate a business
- 15. Creditors claims/possession to assets of the business
- 16. The person/business selling an item on credit
- 17. property paid out for profit
Down
- 1. When a business buys something on credit
- 2. Legal right to a property
- 4. Buying something agreeing to pay it back
- 6. Total amount of money to be received later due to sel good or services on credit
- 7. Owners claims/possession to assets of the business
- 8. Economic event that causes
- 10. anything of value someone owns and controls
- 12. Properties/ items owned by a business
- 13. In take of money after selling items
- 18. Financial claims to assets (Legal rights to what you own)