CROSSWORD ON INTRODUCTION TO ACCOUNTING

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Across
  1. 1. system of accounting which recognises both aspects of transactions; debit and credit.
  2. 3. first step of accounting
  3. 4. branch of accounting which involves identifying, measuring, recording, classifying, summarising the business transactions.
  4. 6. process of grouping of transactions or entries of same nature at one place.
  5. 7. main book of account where all the transactions are classified or posted.
  6. 8. debts that an enterprise has to pay at some time in the future
  7. 9. book of original entry where all the business transactions are recorded.
  8. 10. The goods available with the business for sale on a particular date
  9. 11. art of recording business transaction in a systematic manner
Down
  1. 2. prepared to determine the financial position of a firm.
  2. 5. firm prepares this to determine their gross profit and gross loss
  3. 6. those who supply goods and services on credit.