Accountany Holiday HW

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Across
  1. 2. Nonoperating profit from incidental transactions like selling old assets
  2. 4. Amount spent or liability incurred to acquire assets or services
  3. 6. Income earned from selling goods or rendering services
  4. 8. Customer who owes money to the business for credit sales
  5. 11. Total revenue generated from transferring ownership of goods
  6. 12. Document sent to a customer detailing credit sales and amount due
  7. 14. Financial obligation or debt owed to outsiders
  8. 15. Tangible items or products traded by the business
  9. 17. Reduction in the price of goods allowed by the seller
  10. 18. Excess of total revenues over total expenses
Down
  1. 1. Documentary evidence used to record a business transaction
  2. 3. Economic resource owned by a business providing future benefits
  3. 4. Cost incurred in the process of earning revenue
  4. 5. Investment made by the owner in the business
  5. 7. Total goods procured by a business for resale
  6. 8. Cash or goods withdrawn by the owner for personal use
  7. 9. Fall in the value of a fixed asset due to wear and tear
  8. 10. Supplier to whom the business owes money for credit purchases
  9. 13. Unsold stock of goods lying at the end of the year
  10. 16. Excess of total expenses over total revenues