Principles of Accounting AMOA

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Across
  1. 3. An amount of money a bank lends to a customer
  2. 4. A cheque which the bank will not pay because of insufficient funds in the account is called a “ ______ Cheque ”
  3. 7. A place which holds money for its clients, and lends money
  4. 9. A fixed amount of money periodically paid to a person for work
  5. 10. Money put into the business by the owner
  6. 13. Amount of goods sold by the business
  7. 14. An entry in an account that represents an increase in the value of assets
Down
  1. 1. Money the owner takes out for personal use
  2. 2. A person or firm to whom money is owed
  3. 5. The ______ system is a fixed amount of money given to a petty cashier to make small payments
  4. 6. Business receives money from client
  5. 8. Money in an immediately useable form
  6. 11. Total sales minus Cost of goods sold
  7. 12. Resources owned by business