Across
- 2. A person or entity that owes money to the business.
- 4. Non-physical assets like goodwill.
- 6. Obligation the business must pay.
- 10. Money or resources owned by the business.
- 11. Goods available for sale at the beginning of the year.
- 12. The system of classifying accounts like personal, real, nominal
- 13. A written record of financial transactions.
Down
- 1. A summary of the financial balances at a given time.
- 2. Money or things withdrawn by the owner.
- 3. where similar transactions are grouped.
- 5. Money earned from business activities.
- 7. items like land, building, machinery.
- 8. Entries on the left side of an account.
- 9. The cost of running the business.