ACCOUNTING CONCEPTS AND CONVENTIONS

12345678910111213141516
Across
  1. 1. Owners equity in the businesss
  2. 2. _________what comes in/receiver/expenses
  3. 4. Expenses incurred match with revenue
  4. 10. Writing off of assets due to wear and tear
  5. 12. A person who owes money to the business
  6. 13. Profit earned from manufacturing activity
  7. 14. Income of a recurring nature
  8. 15. Amounts which a business owes
  9. 16. The amount lost from a debtor
Down
  1. 1. A person who has a claim for money against business
  2. 3. Acquired for a long term period
  3. 5. ________what goes out/Giver/Incomes
  4. 6. Business will continue for a fairly long time
  5. 7. policy of playing safe
  6. 8. Profit earned after all incomes and expenses
  7. 9. withdrawal of goods from business for personal use
  8. 11. Valued at cost or market price whichever is less