Manual Recording of Accounting Transactions (1)

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Across
  1. 2. Discount __________ a discount given to debtors for early payment of their account
  2. 7. ________ Journal the first book of entry that records transactions in date order
  3. 8. the main revenue account for a trading business
  4. 9. a type of business who mainly sells labour, skills or expertise for profit
  5. 10. cash or other assets withdrawn from the business by the owner
  6. 12. a device in the ledger used to record increases and increases to an item
  7. 13. a source document used to record buying or selling of inventory on credit
  8. 17. Accounts __________ a customer who owes us money
  9. 19. left hand side of a ledger account
  10. 21. __________ Documents
  11. 22. a document given to a customer after receiving cash from them
Down
  1. 1. Accounts ___________ an entity to whom money is owed
  2. 3. a book or computer file containing accounts
  3. 4. the consumption or loss of a resource that decreases the equity of a business
  4. 5. short for the expense Cost of Sales
  5. 6. another name for Mechandise business who's main activity is buying & selling
  6. 11. Discount __________ a discount received from our accounts payable for early payment of our account
  7. 13. goods a business buys and sells in order to make a profit
  8. 14. a document used to pay another entity which is an order to your bank to transfer money
  9. 15. and inventory system that only measures the value of closing inventory and cost of sales periodically
  10. 16. an inventory system that records all movements of inventory in and out of the business continuously
  11. 18. Trial ___________
  12. 20. Assets - Liabilities = ________