Across
- 3. A book of original entry for all transactions
- 5. resources generated from a business from carrying out its activities.
- 7. business activities, either cash or credit basis.
- 10. money borrowed from a lender and usually repaid with interest
- 11. Balance Listing of the ending balances of all accounts of a given date
- 12. goods or services which are used up to earn income in a given period
Down
- 1. refer to goods which are bought for the purpose of resale for a profit
- 2. Total revenue generated greater than losses.
- 4. basic unit of recording unit for transactions of a similar nature
- 6. Refers to the money owing by a business to others.
- 8. process of identifying, measuring, and reporting financial information of an entity
- 9. contributions to the business by owners