ACCOUNTANCY HOLIDAY HOMEWORK

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Across
  1. 1. Expenses which are yet to be paid are _____ expenses.
  2. 3. _______ assets are those which are held by the business for continued use and are not meant for resale.
  3. 4. Only _______ transactions are recorded in sales and purchases books
  4. 6. ______ expenses are those which are paid in advance.
  5. 8. This is a book in which various accounts are opened and transactions are transferred from the Journal Book.
  6. 9. According to this assumption the same accounting methods should be used each year.
  7. 10. It is the subsidiary book which is used to record transactions made in cash
  8. 11. It is a book of primary entry or a book of original entry in which transactions are first recorded in a chronological order.
Down
  1. 2. ________ assets are those which can be seen, touched and felt.
  2. 5. The fall in the value of tangible assets because of their usage or with efflux of time or due to obsolescence or accident.
  3. 7. The person who makes or writes the Bill of Exchange.
  4. 10. The amount invested in an enterprise by the proprietor.