Across
- 3. money used from the owner to build, run, or grow a business
- 4. money or value that a business receives in exchange for providing a good or service
- 5. cost of labour usually on a fixed term (monthly or yearly)
- 7. money owed by the business to other businesses
- 10. total assets minus total liabilities
- 12. how we value a businesses reputation in accounting
- 13. owners share in the business
- 16. should be equal to your net assets
- 17. when your total expenses are more than your total income
Down
- 1. money owed to the business usually by customers
- 2. a cost that businesses incur in running their operations
- 6. something that you owe
- 8. something that you own
- 9. another name for income
- 11. total income minus total expenses
- 13. assets minus liabilities is our simplified accounting what?
- 14. cost of labour usually on an hourly rate
- 15. 15% of every transaction that needs to be paid to the government