Across
- 5. Commodities in which a trader deals
- 6. accounting entry that may either decrease assets or increase liabilities and equity
- 7. The present obligations of the firm.
- 8. A set of rules and guidelines developed by the accounting industry for companies
- 10. Goods unsold lying with the business
- 11. The valuable resources that are owned by a firm
Down
- 1. Group of accounts
- 2. Assets - Liabilities
- 3. Book of original entry
- 4. Amount withdrawn by a trader from the business
- 6. Person to whom the business owes money
- 9. Accounting entry where there is either an increase in assets or a decrease in liabilities