Across
- 2. income earned by the business
- 5. A person or entity unable to pay their debts
- 6. A person or entity to whom goods are sold/services are rendered for credit
- 10. Gross inflow of cash, receivables, etc in the normal course of business
- 12. an economic unit that may be a business or nonbusiness-related entity
- 13. Claim of amounts against the entity.
- 15. Current asset held by the enterprise for the purpose of sale in the future
- 16. return of goods sold
Down
- 1. A person or entity to whom the amount is payable
- 3. Claim of the owners or proprietor in the business
- 4. amount spent on purchasing assets, goods, and taking services.
- 7. right side of an account
- 8. Amount, goods, or assets taken by the proprietor for personal use
- 9. Left side of an account
- 11. A reduction in price of goods sold or in amount.
- 13. excess of total expenses over total revenue
- 14. Economic resources of the entity which will be beneficial in the future