Across
- 4. property of any kind owned and possessed by a person
- 6. Loss or reduction in the value of assets due to lapse of time, wear and tear
- 10. A person whose assets are more than or equal to liabilities
- 11. person who owes us something
Down
- 1. Recording of the business transactions in the books of accounts
- 2. Asset Which can be seen, touched and felt is ____ Asset
- 3. Exchange of goods and/or services for cash or cash equivalent
- 5. Dues payable to the outsiders
- 6. allowance given from the catalogue price or the sales price
- 7. person to whom we owe something
- 8. Summarized record or a statement of all the transactions
- 9. commodity or article which is produced or purchased for sale