Across
- 2. An economic unit, which may be business entity or non-business entity.
- 5. It is a record of transactions
- 8. Goods purchased for resale or for manufacturing product
- 10. It means income earned by the business from its Operating Activities
- 12. A person or entity from whom amount is receivable against sale of goods and/or services or both.
- 15. It is the amount spent or liability incurred for acquiring assets, goods or services
- 16. A person or entity to whom amount is payable against purchase of goods and/or services or both.
- 17. It is the amount invested in an enterprise
- 18. An evidence of transaction having taken place
- 21. Found right side of an account
- 22. It is the profit earned during an accounting period
- 24. It is the properties owned by an entity or enterprise
Down
- 1. It is categorised into revenue receipts and capital
- 3. A person who owns the business
- 4. It is the increase in owner’s equity resulting from transactions other than the day to day transactions
- 6. Expense on purchasing and/or manufacturing goods
- 7. It is a person or enterprise which is in a position to pay its debts
- 9. Decrease in book value of an asset due to its use or obsolescence
- 11. Liabilities mean amount owed by the business.
- 13. It is the gross inflow of cash , receivables or other consideration arising in the course of ordinary activities of the enterprise from the sale of goods, from rendering of services
- 14. It is a current asset held by an enterprise for the purpose of sale in the ordinary course of business or for the purpose of using it in the production of goods meant for sale
- 19. It is the cost incurred for generating revenue
- 20. Found left side of an account
- 23. A transaction and event when recorded in the books of account