Accounting terminology

5. sheet - a statement of balances of assets and liabilities.
7. - an evidence of transaction having taken place.
9. - a record of transactions under that head
11. - A person who owns the business.
13. - profit earned from transactions relating to business
15. - the amount spent or liability incurred for purchasing assets good or taking service's
16. - excess of total expenses over total of revenue and other income.
17. - claim of amounts against the entity or enterprise.
19. excess of revenue over expenses
21. - recordings business transaction in the books of accounts.

1. - sale of goods
2. - A reduction in price of goods sold or in Amount
3. a person or entity to whom goods are sold or services are rendered on credits.
4. - gross inflow of cash , receivables or other consideration in the normal course of businesses.
6. - decrease in the book value of an asset due to its use or efflux.
8. - a person who is in a position to pay his it's debts.
10. - claim of owners or proprietor in the businesses.
12. debts - debt not recoverable
14. - economic resources of the entity which will give benefits in the futures.
18. - Amount spent or incurred to earn revenue.
20. - expense on purchasing and or manufacturing goods.