Across
- 1. system of accounting which recognises both aspects of transactions; debit and credit.
- 3. first step of accounting
- 4. branch of accounting which involves identifying, measuring, recording, classifying, summarising the business transactions.
- 6. process of grouping of transactions or entries of same nature at one place.
- 7. main book of account where all the transactions are classified or posted.
- 8. debts that an enterprise has to pay at some time in the future
- 9. book of original entry where all the business transactions are recorded.
- 10. The goods available with the business for sale on a particular date
- 11. art of recording business transaction in a systematic manner
Down
- 2. prepared to determine the financial position of a firm.
- 5. firm prepares this to determine their gross profit and gross loss
- 6. those who supply goods and services on credit.