Accounts AIP

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Across
  1. 6. Person who owns the business
  2. 7. Assets not having physical existence
  3. 10. An evidence of transaction having taken place
  4. 11. Value of an asset as existing in the books of accounts
  5. 13. Liabilities payable within 12 months from the date of Balance Sheet
Down
  1. 1. Acceptance given to a creditor
  2. 2. Reduction allowed in the value of goods sold
  3. 3. Left Side of an Account
  4. 4. Reduction allowed in the sale value due to poor quality, excess supply etc.
  5. 5. Profit earned from transactions incidental to business
  6. 8. A person or entity unable to pay its debts
  7. 9. Expense on purchasing and/or manufacturing goods
  8. 12. Business will continue for a foreseeable future at the same level of operations