Accounts Crossword

3. it is also known as primary book
8. it refers to the decline in the economic value of asset due to innovation or improved technique
11. a brief description of a transaction
12. goods sold
13. the term is associated with writting off intangible assets
14. the person who draws a bill
15. excess of expense of a period over its related revenue
18. the process of transferring the transactions written in journal to the ledger account
19. showing assets, capital,and liabilities of a business.It shows financial position of firm
20. goods bought
22. deduction on price of good sold
23. evidence of a business transaction
25. a person to whom money is owed for goods or services
26. A person who owns money to a business for goods or services
27. obligations or debts that an enterprise has to pay at some time in the future

1. the person who receives the payment
2. it's amount withdraw or goods taken by the proprietor for personal use
4. it's a
5. The right hand side of an account
6. The process or act of recording daily transactions of a business
7. it is also known as principal book
9. cost incurred for generating revenue
10. excess revenue of a period over its related expenses
13. items of value that a business owns, creates or benefits from.
16. amount owed to the business that is written off because it has become irrecoverable
17. left hand side of an account
21. summarised record of transactions relating to a particular head at one place
24. the person who accepts the bill
25. amount invested by the proprietor or partner in a business