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