Revision Crossword June 2025

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Across
  1. 2. The General Ledger is divided into Balance sheet accounts and -----
  2. 4. This account will increase when the owner pays with business money for his children goods.
  3. 7. A ---- deposit is when money is deposited directly into the bank account by a customer
  4. 10. Liabilities are categorised under two headings namely Long term and ---- liabilities
  5. 11. The ---- of the busisness is Assets minus Liabilities.
  6. 12. money directly into the bank.
  7. 13. Stationery is an -----account
  8. 14. When there was a cash sale the two accounts involved are Sales and ----
  9. 15. When a vehicle is bought cash, ----will increase and -decrease.
  10. 16. This is used when money is deposited via the internet into the bank account of the business.
Down
  1. 1. Stock The contra account for cost of sales.
  2. 3. The source document when goods were bought and paid for via EFT
  3. 5. A debtor is a current ----- to the business
  4. 6. ---is used to draw cash.
  5. 7. If an amount is paid on the loan, liabilities will ----
  6. 8. this is equal to Assets minus liabilities
  7. 9. The double entry principlae in accounting means that for every Debit there is a ---
  8. 12. Cost of sales is always -----