Across
- 2. represent any value taken from the business by the owner of that business
- 5. is used to record low value cash payments
- 9. is the total resources provided by the owner and represents what the business owes the owner
- 11. the amount spent each period is restored so that the petty cashier starts each period with the same amount
- 12. is the process making a debit entry and a credit entry for each transaction
- 14. is the goods a business has available for resale
Down
- 1. represent the amount the business owes to the credit suppliers of goods
- 3. is a cheque received which the debtor's bank refuses to pay
- 4. Is the detailed recording of all financial transactions of a business
- 6. is using book-keeping records to prepare financial statements and to assist in decision making
- 7. represent the amount owed to the business by its credit customers
- 8. represent anything owed by the business
- 10. represent anything owned by or owing to the business
- 13. overdraft occurs when more has been paid out of the than was put into the bank account