Accountancy Holiday Homework

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Across
  1. 1. products in which the business is dealing in
  2. 4. documentary evidence of a transaction
  3. 7. spending money/incurring a liability for some benefit or service
  4. 9. a non cash expense
  5. 10. revenue minus net income
  6. 11. amount invested into the firm by the owner
  7. 12. measure of something on hand(also known as inventory)
  8. 13. recording of transactions
  9. 16. a person or organization that owes money
  10. 18. those that have a physical existence
  11. 19. liability + capital
Down
  1. 2. money drawn from business by proprietor for personal use
  2. 3. a person or organization that money is owed to
  3. 5. accounting info should fulfill the legal requirements & disclose material items
  4. 6. the amount by which a manufacturer reduces the retail price of a product when it sells to a reseller
  5. 8. amount that is irrecoverable from the debtors
  6. 11. monetary amount used to pay expenses
  7. 14. a thing that someone is responsible for
  8. 15. a reality that has a definite individual existence
  9. 17. statement of financial position