Fill the boxes with the correct letters to form word(s) about bookkeeping.

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Across
  1. 3. ready money
  2. 5. the money a business earns from all sources
  3. 7. pertains to the amount collectible from customers
  4. 10. an accounting entry which results in either an increase in assets or a decrease in liabilities.
  5. 12. an accounting entry representing an increase in income or capital items or decrease in asset
  6. 13. a list of items or goods for sale in a retail business such as paper, candies, soft drinks and others
  7. 14. the difference between the assets and liabilities of a company
  8. 18. a book where transactions are recorded in chronological order.
Down
  1. 1. financial information such as the income statement, balance sheet, and cash flow statements.
  2. 2. items which have been sold in a merchandising business
  3. 4. a sale, assignment, loan or other forms of transfer of interest recorded in the books
  4. 6. obligations of the business to creditors
  5. 7. a system that gives quantitative information about finances including recording, classifying, summarizing and interpreting of transactions
  6. 8. the economic resources of a business
  7. 9. the debts and other financial obligations of a business
  8. 11. the records of financial transactions like assets, liabilities, owner's equity, income expenses and withdrawal
  9. 15. the temporary decrease in the capital of a business.
  10. 16. costs incured in running a business
  11. 17. a record of all the accounts used by a business