Chapter 1 - Accounting

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Across
  1. 4. A type of long term liability
  2. 6. Amount payable to those from whom we bought on credit
  3. 9. When more than balance is withdrawn from bank
  4. 10. Owner Invested Cash, Increase capital, Increase ____________
  5. 12. Belongings that provide benefit for less than a year
  6. 15. Amount Payable within an year
  7. 18. Debtor pays us by cheque Decrease Debtor, Increase _________
  8. 19. term for Land and buildings combined
  9. 20. Every transaction in accounting has __________ effects
  10. 21. Assets - Capital = __________
  11. 22. Loan to Ahmed is an __________
Down
  1. 1. Amount Payable After an year
  2. 2. Owners need accounts to measure ___________ of business
  3. 3. A statement showing assets=Capital + Liabilities
  4. 5. Banks Need Accounts to Decide if to Give a ____________
  5. 7. Bought goods on credit - Increase stock, Increase ________
  6. 8. Goverment need accounts for charging ______________
  7. 11. An alternate name for capital
  8. 13. Belongings that provide benefit for more than a year
  9. 14. anything taken by owner from business for personal use
  10. 16. Goods held for sale
  11. 17. Owners Investment In Business