Accounting terms

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Across
  1. 1. amount spent or liability incurred for purchasing assets
  2. 3. a person or entity who is in position to pay his debts
  3. 6. profit earned from transactions incidental to business
  4. 8. income earned from transactions relating to business
  5. 12. excess of total expenses over total of revenue and other income
  6. 13. economic resources of the entity which will give benefit in the future
  7. 14. a record of transactions under that head
  8. 16. right side of an account
  9. 22. exchange of money goods or services
  10. 23. good remain unsold or unused as on a particular date
  11. 24. decrease in book value
  12. 25. gross inflow of cash
Down
  1. 2. recording business transactions in the book of account
  2. 4. claim of amount against the entity
  3. 5. amount spent to earn revenue
  4. 7. excess of revenue over expenses
  5. 9. a person or entity enable to pay his debts
  6. 10. expense on purchasing and manufacturing good
  7. 11. a reduction in price of goods sold
  8. 15. claim of owner in the business
  9. 17. left side of an account
  10. 18. amount good or asset taken by the owner for personal use
  11. 19. owner of the business
  12. 20. an evidence of transaction
  13. 21. material purchased for resale or for manufacturing products
  14. 26. an economic unit which may be business or non business