Accounts Crossword Puzzle Class:11

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Across
  1. 3. Buying goods for resale.
  2. 4. Basis that records only cash transactions.
  3. 5. A person to whom the business owes money.
  4. 7. The accounting equation formula: Assets = Liabilities + ____.
  5. 9. An obligation or debt of a business.
  6. 13. Cash or goods invested by owner.
  7. 14. A business owned by one person.
  8. 15. Accounting is called the _____ of business.
  9. 16. The person who maintains business accounts.
  10. 17. The value of assets minus liabilities.
  11. 19. Total amount earned from selling goods/services.
Down
  1. 1. A person who owes money to the business.
  2. 2. A written document that provides evidence of a transaction.
  3. 6. Amount withdrawn by owner for personal use.
  4. 8. Accounting system recognizing revenue and expenses when incurred.
  5. 10. Written record of business transactions.
  6. 11. Entry passed for every business transaction.
  7. 12. Increase in owner's equity.
  8. 18. An economic resource.