Basic accounting term 2

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Across
  1. 1. value Amount on which assets are shown in book
  2. 3. the reduction in price of goods sold
  3. 4. payable The sum total of creditor and bill payable
  4. 5. discount reduction of price by seller to purchaser
  5. 7. a person from whom amount is receivable against sale of goods and services
  6. 10. debt Amount which is irrecoverable
  7. 11. the amount spent on purchase or manufacturing of goods
  8. 12. the evidence that a transaction taken place
  9. 13. payable bill of exchange accepted by creditor
Down
  1. 1. sheet Statement of assets and liabilities
  2. 2. the transaction and event recorded in the book
  3. 3. It is the left side of account
  4. 6. a person from whom the amount is payable against the purchase of goods and services
  5. 8. receivable Bill accepted by a debtor
  6. 9. discount the discount given or received on payment
  7. 11. It is the right side of account