Across
- 3. it is also known as primary book
- 8. it refers to the decline in the economic value of asset due to innovation or improved technique
- 11. a brief description of a transaction
- 12. goods sold
- 13. the term is associated with writting off intangible assets
- 14. the person who draws a bill
- 15. excess of expense of a period over its related revenue
- 18. the process of transferring the transactions written in journal to the ledger account
- 19. showing assets, capital,and liabilities of a business.It shows financial position of firm
- 20. goods bought
- 22. deduction on price of good sold
- 23. evidence of a business transaction
- 25. a person to whom money is owed for goods or services
- 26. A person who owns money to a business for goods or services
- 27. obligations or debts that an enterprise has to pay at some time in the future
Down
- 1. the person who receives the payment
- 2. it's amount withdraw or goods taken by the proprietor for personal use
- 4. it's a
- 5. The right hand side of an account
- 6. The process or act of recording daily transactions of a business
- 7. it is also known as principal book
- 9. cost incurred for generating revenue
- 10. excess revenue of a period over its related expenses
- 13. items of value that a business owns, creates or benefits from.
- 16. amount owed to the business that is written off because it has become irrecoverable
- 17. left hand side of an account
- 21. summarised record of transactions relating to a particular head at one place
- 24. the person who accepts the bill
- 25. amount invested by the proprietor or partner in a business