Accounts

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Across
  1. 3. Person who owns the business
  2. 7. Net sales minus cost of goods sold
  3. 9. Money taken by the proprietor for personal use
  4. 11. A sum of money you owe to someone
  5. 12. The state of being unable to pay the money owed, by a person or a company
  6. 13. Amount due by business to proprietor or owner
  7. 14. Amount owed to the business that is written off because it has become irrecoverable
Down
  1. 1. Occurs when expenses exceed revenue
  2. 2. A liability created by buying products or services on credit
  3. 4. Drawings are recorded because of this principle
  4. 5. Amount of money paid to workers on daily basis
  5. 6. a sum of money given to someone
  6. 8. Money invested by the owner into the business
  7. 10. The act of buying goods or services