Basic accounting teminology

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Across
  1. 3. A person or entity who is in a position to pay his debts.
  2. 4. Purchase of goods to be sold or for manufacture of goods.
  3. 5. A statement of balances of assets and liabilities.
  4. 9. Recording business transaction in the books of account.
  5. 10. A reduction in price of goods sold or in amount.
Down
  1. 1. Claim of the owners in the business.
  2. 2. An evidence of transaction having taken place.
  3. 6. Economic resources which will give benefit in future.
  4. 7. Expense on purchasing and/or manufacturing goods.
  5. 8. Value of asset as existing in the books of account.