Across
- 4. The amount which the proprietor has invested in a business is known as[7]
- 6. A person who owes money to a firm against good sold is called_____[6]
- 7. discount is not recorded in the books of account.[5]
- 8. principle states that for every debit there is an credit of equal amount.[7]
- 9. amount received Or receivable against sale of good is________ receipt.[7]
- 13. 'Do not anticipate profits but provide for all possible losses' is_____principle[12]
- 14. _____records a business transaction in the accounting system for an organization.[7]
- 17. according to going concern concept, a business is viewed as having_______ life.[10]
- 19. According to______principle all transactions and events which can be measured in money terms are recorded in books of accounts.[16,2 word]
Down
- 1. Sundry creditors account is a_________.[9]
- 2. expenditure of revenue nature that gives benefit for more than one accounting period is categorised as______________[16]
- 3. those transactions which affect both the debit and credit side of cash book[11,2 words]
- 5. GST eliminates the effect of tax system.[9]
- 10. accounting voucher is prepared from_____.[13, 2 words]
- 11. The nature of accrued income is_____[5]
- 12. The transactions which are not recorded in any of the subsidiary books is to be recorded in _____.[13,2 words]
- 15. Any value of commodities or cash withdrawn by the owner for personal use is called__________[8]
- 16. system of petty cash is a system of paying advance for a period in the beginning and reimbursing the amount spent from time to time.[7]
- 18. Excess of revenue over expenses is called_______[6]