Accounting Terms Year 9

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Across
  1. 2. Events in the business that are recorded.
  2. 3. An amount that the business has to pay.
  3. 5. Also known as book of prime entry.
  4. 8. A discount that is not shown in accounts.
  5. 11. Current Assets less Current Liabilities.
  6. 13. The book in which accounts are kept.
  7. 17. This is used to record small payments.
  8. 19. An item that the business owns.
  9. 20. When our clients return goods back to us.
Down
  1. 1. This records the payments received and made.
  2. 4. They owe us money.
  3. 6. Amount invested by owned in the business.
  4. 7. Cash taken by the owner for private use.
  5. 9. Gross Profit less expenses.
  6. 10. In Malta this tax is charged at a rate of 18%
  7. 12. The system in which petty cashier is reimbursed.
  8. 14. A transaction that will be paid at a later date.
  9. 15. Accounting rules are known as________.
  10. 16. When we buy stock we use this account.
  11. 18. A routine expense in the daily running of the business.