Basic accounting term
Across
- 1. assets assets having physical appearance
- 3. amount invested by owner in business
- 5. Goods, services withdrawn by owner
- 8. a record of transaction under a head
- 9. These are economic benefits owned by firm
- 10. It is the amount spent to earn revenue
- 12. income earned by firm from sale of goods and services
- 14. the amount spent on goods, services and assets
- 15. These are purchased for resale or manufacturing
Down
- 2. amount payable by a firm
- 4. Purchase of goods for resale and manufacturing
- 6. assets Assets do not having physical existence
- 7. it is excess of total expense or total income
- 11. Sale of goods in which firm deals
- 13. difference between revenue and expense