Across
- 5. Owner takes out money from business
- 6. A business formed by two people but having not more than 20 people
- 8. Refers to the money owing by a business to others.
- 10. Small aspect of accounting. Involves only recording of transactions
- 12. Total revenue generated greater than losses.
- 13. Able money earned from the bank when you have a savings account
- 14. Balance Listing of the ending balances of all accounts of a given date
- 15. Goods or services which are used up to earn income in a given period
Down
- 1. Money borrowed from a lender and usually repaid with interest
- 2. A book of original entry for all transactions
- 3. basic unit of recording unit for transactions of a similar nature
- 4. Refers to any activity that affects the financial condition of a business
- 7. Contributions to the business by owner
- 9. Resources generated from a business from carrying out its activities.
- 11. Refer to goods which are bought for the purpose of resale for a profit