Accounting Terms by Kevece Hibbert

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Across
  1. 1. People or businesses that purchase goods/services (Customers)
  2. 5. Entries that affect both debit and credit sides of the same account (Contra entries)
  3. 9. Recording financial transactions systematically (Bookkeeping)
  4. 10. Documents used to authorize small cash payments (Petty cash vouchers)
  5. 13. Owner's investment in the business (Capital)
  6. 14. Entities that provide goods/services to a business (Suppliers)
  7. 17. A book used to record small day-to-day expenses (Petty cashbook)
  8. 18. Goods returned by customers (Return inwards)
  9. 19. Resources owned by a business (Assets)
  10. 20. Subsidiary ledger recording sales transactions (Sales ledgers)
Down
  1. 2. earned from business operations (Revenues Income )
  2. 3. The process of summarizing, analyzing, and reporting financial transactions (Accounting)
  3. 4. returned to suppliers (Return outwards)
  4. 6. An obligation a business owes to others (Liability)
  5. 7. A document sent to a supplier indicating a reduction in amount owed (Debit notes)
  6. 8. People who provide funds to a business hoping for a profit (Investors)
  7. 11. A summary of all ledger balances to check arithmetic accuracy (Trial balance)
  8. 12. A book that records all cash receipts and payments (Cash book)
  9. 15. Costs incurred in running a business (Expense)
  10. 16. Money or goods taken out by the owner for personal use (Drawings)