BASIC ACCOUNTING TERMS

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Across
  1. 4. PERSON OR FIRM FROM WHOM GOODS HAVE BEEN PURCHASED ON CREDIT
  2. 7. A T SHAPE FORMAT
  3. 9. PROFIT OF IRREGULAR NATURE
  4. 11. GRADUAL DECREASE IN THE VALUE OF AN ASSET
  5. 12. WHEN ASSETS ARE MORE THAN LIABILITIES
  6. 13. GOODS LYING UNSOLD WITH THE BUSINESS
  7. 15. LEFT SIDE OF AN ACCOUNT
Down
  1. 1. PERSON OR FIRM TO WHOM GOODS HAVE BEEN SOLD ON CREDIT
  2. 2. THINGS OWNED BY A BUSINESS
  3. 3. REDUCTION IN PRICE OF A COMMODITY
  4. 5. EXCESS OF REVENUE OVER EXPENSES
  5. 6. AMOUNT OWED BY AN ENTERPRISE
  6. 8. WRITTEN EVIDENCE OF A BUSINESS TRANSACTION
  7. 9. ITEMS WE DEAL IN
  8. 10. MONEY OR ANYTHING OF VALUE TAKEN OUT OF THE BUSINESS FOR PERSONAL USE
  9. 14. MONEY OR ASSETS INVESTED BY OWNER