Across
- 4. An evidence of transaction having taken place
- 8. Person who owns the business
- 10. Assets not having physical existence
- 11. Value of an asset as existing in the books of accounts
- 12. A person or entity unable to pay its debts
- 13. Expense on purchasing and/or manufacturing goods
Down
- 1. Liabilities payable within 12 months from the date of Balance Sheet
- 2. Reduction allowed in the value of goods sold
- 3. Acceptance given to a creditor
- 5. Business will continue for a foreseeable future at the same level of operations
- 6. Left Side of an Account
- 7. Reduction allowed in the sale value due to poor quality, excess supply etc.
- 9. Profit earned from transactions incidental to business