Basic accounting concepts
Across
- 2. ledger, Book where accounts are grouped
- 5. Money the owner invests in the business
- 7. balance, Summary used to check accounting accuracy
- 9. Money earned from selling goods or services
- 11. People the business owes money to
- 15. Costs of running a business daily
- 16. First record of transactions in accounting
Down
- 1. Selling goods directly to customers
- 3. stock, Goods bought to sell for profit
- 4. document, Proof that a transaction took place
- 6. Things the business owns that have value
- 8. Money the business owes to others
- 10. Work done for someone else
- 12. People who owe the business money
- 13. statement, Shows profit or loss of a business
- 14. Money the owner takes for personal use