Across
- 1. Used to close income and expense accounts.
- 3. Original purchase price of an item.
- 7. Proof of goods returned or overpaid.
- 10. Income earned but not yet received.
- 11. Money paid out by the business.
- 12. Estimate of uncollectible customer debts.
- 13. Money the owner adds to business.
- 15. Money owner takes out for personal use.
- 17. Money received by the business.
- 19. Main record for daily accounting entries.
- 20. Cost minus asset’s end value.
Down
- 2. Debts owed within a year.
- 4. Main income in service businesses.
- 5. Money left in the bank at end.
- 6. Money in the bank at the start.
- 8. Expenses owed but not yet paid.
- 9. Asset value after subtracting depreciation.
- 14. Money received before giving the service.
- 16. Earnings shared with shareholders.
- 18. Goods customers return to the business.