Across
- 4. gradual and systematic writing off of intangible assets
- 5. a master record of all the accounts of the business
- 7. tangible asset held by an enterprise for the purpose of sale or production in the ordinary course of business
- 8. profit earned during an accounting period
- 12. the payment which are made for acquiring the right to use patents
- 13. amount invested in an enterprise by the proprietor
- 14. it is a person or enterprise which is in a position to pay its debts
- 15. amount received or receivable for selling assets, goods or services
- 16. an economic unit which performs economic activities
Down
- 1. reduction in price allowed by the seller of goods after the goods have been sold
- 2. it is an evidence of a business transaction
- 3. amount set aside out of profits not for any specific purpose
- 6. amount payable by the business
- 9. transactions manually recorded in the books of original entry and are posted into the ledger accounts
- 10. amount withdrawn on goods taken by the proprietor for personal use
- 11. amount owed to the business that is written off because it has become irrecoverable