Accounting Space

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Across
  1. 2. Cost Price or Market Price whichever is less
  2. 6. Contingent liabilities shown by way of footnote to accounts
  3. 7. A–B=C,if B is Expenses and C is Profit,what is A?
  4. 9. Salary unpaid
  5. 10. Concept-"Record both Cash and Credit transactions"
  6. 11. Owe money to
  7. 12. Salary unpaid=100 and salary paid=100, Capital Decreases by?
  8. 13. Principle-"Do not Anticipate Profits"
Down
  1. 1. Goods for resale
  2. 3. Assets=X+Liabilities
  3. 4. Concept-"Omission of paise and showing the round figures in financial statements"
  4. 5. Insurance paid=600,out of prepaid=100,Capital Decreases by?
  5. 8. Goodwill is XXX Asset
  6. 10. Prepaid Rent is recorded as
  7. 11. X,Summarizing,Analyzing and Interpreting