ACCOUNTING TERMS

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Across
  1. 4. The amount , goods , assets taken by the owner for his personal use
  2. 5. Physical items of trade that are purchased or manufactured for the purpose of sale
  3. 7. The amount owed that is payable by the business
  4. 8. It is a person or a firm who owes a certain amount to the business on account of credit sale of goods and services
  5. 10. The things of value owned by a business firm , which are the properties of the business
Down
  1. 1. It refers to the amount received by the firm from different business transaction
  2. 2. The profit earned by a business firm from its main operating activities
  3. 3. It is the sum total of bills payable and creditors
  4. 6. The reduction in price of goods to be paid by a consumer
  5. 9. The amount invested by the owner into the business