Accountancy

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Across
  1. 1. Goods kept for resale in business.
  2. 4. Amount invested by the owner in the business.
  3. 6. Financial gain earned from business activities.
  4. 7. Reduction in value of fixed assets over time.
  5. 8. Accounting concept stating owner and business are separate.
  6. 9. Written proof of a business transaction.
  7. 12. Money withdrawn by the owner for personal use.
  8. 14. Property owned by a business.
  9. 15. Deduction allowed for quick payment.
  10. 16. A person who owes money to the business.
Down
  1. 2. Expenses that are due but not yet paid.
  2. 3. A person to whom the business owes money.
  3. 5. The process of recording financial transactions.
  4. 10. Loss arising from non-recovery of debts.
  5. 11. Money owed by the business to outsiders.
  6. 13. Book where transactions are first recorded.