Basic Accounting Terms

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Across
  1. 4. A person who owns the business.
  2. 5. Decrease in book value of an asset due to its use or efflux of time or obsolescence
  3. 7. Goods remaining unsold or unused in manufacturing of product as on a particular date
  4. 8. Excess of revenue over income
  5. 12. An economic unit, which may be business entity or non- business entity.
  6. 13. claim of amount against the entity or enterprises
Down
  1. 1. A person or entity unable to pay its debts
  2. 2. A reduction in price of goods sold or in amount
  3. 3. An evidence of transaction having taken place
  4. 6. Recording business transaction in the books of accounts
  5. 9. claim of the owner or proprietor in the business
  6. 10. Expenses on purchasing and /or manufacturing goods
  7. 11. Excess of total expenses over total of revenue and other income