Accounts : Terms

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Across
  1. 4. property of any kind owned and possessed by a person
  2. 6. Loss or reduction in the value of assets due to lapse of time, wear and tear
  3. 10. A person whose assets are more than or equal to liabilities
  4. 11. person who owes us something
Down
  1. 1. Recording of the business transactions in the books of accounts
  2. 2. Asset Which can be seen, touched and felt is ____ Asset
  3. 3. Exchange of goods and/or services for cash or cash equivalent
  4. 5. Dues payable to the outsiders
  5. 6. allowance given from the catalogue price or the sales price
  6. 7. person to whom we owe something
  7. 8. Summarized record or a statement of all the transactions
  8. 9. commodity or article which is produced or purchased for sale