Basic accounting terms

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Across
  1. 1. a person to whom goods is sold on credit.
  2. 3. the amount invested by the owner of the business entity.
  3. 6. excess of revenue over the total expenses of a business entity.
  4. 7. example of current liabilities.
  5. 8. the amount withdrawn by the owner of the business for personal use.
  6. 10. a reduction in the price of goods by the business entity to its customers.
Down
  1. 2. the cost incurred in producing goods and services for selling purposes.
  2. 4. discount which is never recorded in the books of accounts.
  3. 5. debts which the business entity owes to outsider.
  4. 9. the product in which the business entity is dealing.