Accounting basics

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Across
  1. 3. The excess of revenue over expenditure
  2. 7. It is used to record only the credit purchases of goods
  3. 8. A statement which shows the financial position of a business
  4. 9. It is a book of prime entry and a ledger account
  5. 10. Left side of an account
  6. 11. A documentary evidence for sales returns
  7. 12. It is used to keep the accounts of trade receivables
  8. 14. A person to whom money is owed by a business
  9. 19. Discount allowed to encourage bulk purchases
  10. 21. Goods held by business for resale
  11. 22. Money owed by a business for the services or goods received
Down
  1. 1. It is used to record only the credit sales of goods
  2. 2. It is used to keep the accounts of trade payable
  3. 4. Dicsount given to encourage prompt payment
  4. 5. The process of recording transactions in the books of accounts
  5. 6. A documentary evidence for purchases returns
  6. 13. Resources owned by or owed to a business
  7. 14. The amount of resources invested by the owner
  8. 15. The amount of resources taken by the owner for his personal use.
  9. 16. The excess of expenditure over revenue
  10. 17. Owners claim in the business
  11. 18. A person who owes money to a business.
  12. 20. Right side of an account