Across
- 3. a person or entity enable to pay his debts
- 8. decrease in book value
- 9. economic resources of the entity which will give benefit in the future
- 13. claim of owner in the business
- 15. expense on purchasing and manufacturing good
- 17. amount good or asset taken by the owner for personal use
- 21. left side of an account
- 22. income earned from transactions relating to business
- 23. owner of the business
- 25. right side of an account
- 26. exchange of money goods or services
Down
- 1. gross inflow of cash
- 2. a person or entity who is in position to pay his debts
- 4. claim of amount against the entity
- 5. good remain unsold or unused as on a particular date
- 6. excess of total expenses over total of revenue and other income
- 7. a reduction in price of goods sold
- 10. amount spent or liability incurred for purchasing assets
- 11. profit earned from transactions incidental to business
- 12. an evidence of transaction
- 14. a record of transactions under that head
- 16. material purchased for resale or for manufacturing products
- 18. excess of revenue over expenses
- 19. an economic unit which may be business or non business
- 20. amount spent to earn revenue
- 24. recording business transactions in the book of account