Double Entry and the Statement of Financial Position
Across
- 4. What is the left-hand side of an account called?
- 7. What is the modern term for amounts owed by credit customers?
- 8. Which account records goods bought for resale?
- 10. What is another term for stock of goods held for resale?
- 11. What are money or goods taken by the owner for personal use called?
- 13. What is money borrowed by a business from a bank called?
- 14. What is the investment provided by the owner called
- 15. Which account records goods returned to suppliers?
Down
- 1. What is the right-hand side of an account called?
- 2. What are resources with monetary value owned by a business called?
- 3. What is the modern term for amounts owed to credit suppliers?
- 5. Which account records goods returned by customers?
- 6. What are amounts owed by a business to other parties called
- 9. In which book are accounts debited and credited?
- 12. Which account records goods sold by the business?