Bookkeeping

3. - the cost of buying inventory or goods during a period with the aim of resale in the ordinary course of the business.
5. - used in the operations or conduct of the business and not intended for sale.
7. - classifying assets based on how easy it is to convert them into cash
9. - property that unable to be touched
10. - plant asset that can be acquired by purchase
13. - refers to the scrap value of the asset
15. - also known as fixed asset
16. - lower the value of a thing
18. - property that are able to perceived by touch
19. - refers to running balance of the subsidiary record

1. - reduction in quantity
2. - goods to be bought or sold
4. - refers to the goods and materials in a business
6. - type of system that focuses on physical count of the inventory
8. - plant asset that can be acquired by building or construction
11. - applies to the reduction of the usefulness of an asset
12. - refers to any operating revenues that a company earns through its business activities, such as selling goods, services, products, etc.
14. - essential part of a company as these are considered as working capital.
17. - type of system that records real-time transactions through the use of technology.