BASICS TERMS OF ACCOUNTING

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Across
  1. 2. Debts, Amount unrecovered from debtors
  2. 7. Receivables, Involves Debtors and B/R
  3. 10. Cost of Business > Revenue
  4. 12. Value of asset decreased due to wear and tear
  5. 17. Revenue-Expense
  6. 18. Amount earned due to sale of fixed assets
  7. 19. Quantity of unsold goods available in business
  8. 20. Expenditure made for smooth operations of business
  9. 21. Purchase, Opening Stock + Net Purchase - Closing Stock
  10. 22. Proof of business transaction (Invoice)
  11. 23. Amount reduced by seller for customer
  12. 25. Items purchased for resale purpose
Down
  1. 1. Liability of business towards businessman
  2. 3. Withdrawn for owner's personal use
  3. 4. Assets, Assets converted into cash within a year
  4. 5. Liability, Liability that may arise due to happening of event
  5. 6. Person not in state to repay his debts
  6. 8. Expenses, Expenses paid in advance
  7. 9. Assets, Advertising Expense (Asset Type)
  8. 11. Sales-Cost of Goods sold
  9. 13. Value, Value of item in books of accounts
  10. 14. Sheet, Prepared to measure financial position
  11. 15. Amount arose due to exchange of goods (Eg. Interest)
  12. 16. Worth, Owner's Equity
  13. 24. Person to whom business has to pay