BASIC ACCOUNTING TERMS

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Across
  1. 2. THE RECORD OF ALL BUSINESS TRANSACTIONS RELATED TO A PARTICULAR PERSON OR ICON.
  2. 4. AMOUNT WHICH FIRM OWES TO OUTSIDER.
  3. 6. OUTCOME OR RESULT OF ALL BUSINESS ACTIVITIES.
  4. 8. AMOUNT WITHDRAWN BY PROPRIETOR FOR PERSONAL USE.
  5. 10. AMOUNT SPENT ON PURCHASE OF ASSETS.
  6. 12. IT REFERS TO GOODS TO BE SOLD.
  7. 13. PERSON WHO INVESTS THE AMOUNT IN BUSINESS AND BEAR ALL THE RISKS.
  8. 15. A PERSON WHO IS NOT IN A POSITION TO PAY HIS DEBTS
  9. 17. FALL IN THE VALUE OF ASSET.
  10. 20. LEFT SIDE OF THE ACCOUNT.
  11. 21. GOODS WHICH REMAIN UNSOLD ON A PARTICULAR DATE.
Down
  1. 1. ASSETS WHICH HAVE PHYSICAL ASSISTANCE.
  2. 3. ASSETS WHICH ARE NEITHER TANGIBLE NOR INTANGIBLE.
  3. 5. A FIRM OR A PERSON WHO PROVIDES GOODS AND SERVICES ON CREDIT.
  4. 7. SOURCE DOCUMENT WHICH SERVES THE PURPOSE OF EVIDENCE OF TRANSACTION TAKEN PLACE.
  5. 9. DISCOUNT ALLOWED WHEN GOODS ARE OF POOR QUALITY, DEFECTIVE OR IN EXCESS SUPPLY.
  6. 11. AMOUNT SPENT TO GENERATE REVENUE LIKE PURCHASE OF GOODS AND SERVICES.
  7. 14. ITEMS PURCHASED FOR RESALE,OR FOR MANUFACTURING THE FINISHED PRODUCTS.
  8. 16. REDUCTION IN THE PRICE OF GOODS SOLD.
  9. 18. AMOUNT EARNED FROM TRANSACTIONS RELATED TO BUSINESS.
  10. 19. AMOUNT SPENT ON PURCHASE OR MANUFACTURE OF GOODS