Principles of Accounting AMOA

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