CROSSWORD 1

4. Which person owes an amount to a business organization for buying goods and services on a credit basis?
7. Discount allowed is a kind of deduction from __
8. Bonus shares are issued to
10. It is a concept in accounting that mandates the recording of transactions in the period in which they occur
11. The account that increases equity is known as a?
15. It helps to reduce business risk
16. Harsh Kumar Bhanwala is the Chairman of?
17. While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as
18. When are balance sheets prepared?
19. A formal arrangement by two or more parties to manage and operate a business and share its profits

1. Recording financial transaction is part of the?
2. the purchase of an interest in a company by an investor located in another company
3. anyone with a financial interest in the business
5. Interest on capital in a business can be defined as
6. Which of the following is related to the Scientific system of maintaining an account?
8. Owner's claim on total assets is?
9. A speculator who applies for new shares is
12. Accounts are used in preparing a trial balance?
13. extra money paid on a loan/the cost of borrowing
14. Day book is also known as?