Basic Accounting Concepts

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Across
  1. 3. Trade ___________ represents the amount the business owes to its suppliers
  2. 5. uses book keeping records to prepare financial statements
  3. 8. Trade __________ represents the amount owed to the business by its customers
  4. 10. represents anything owned by or owing to the business
Down
  1. 1. represents anything owed by the business
  2. 2. represents any value taken from the business by the owner
  3. 4. is the goods a business has available for resale
  4. 6. is the cost of transporting goods
  5. 7. Difference between the debit and credit side
  6. 9. is the total resources provided by the owner