Fill the boxes with the correct letters to form word(s) about bookkeeping.

Edit Answers
12345678910111213141516
Across
  1. 1. the economic resources of a business
  2. 4. a book where transactions are recorded in chronological order.
  3. 5. the money a business earns from all sources
  4. 7. items which have been sold in a merchandising business
  5. 8. costs incured in running a business
  6. 10. pertains to the amount collectible from customers
  7. 11. a list of items or goods for sale in a retail business such as paper, candies, soft drinks and others
  8. 12. a record of all the accounts used by a business
  9. 15. the records of financial transactions like assets, liabilities, owner's equity, income expenses and withdrawal
  10. 16. a sale, assignment, loan or other forms of transfer of interest recorded in the books
Down
  1. 1. obligations of the business to creditors
  2. 2. the difference between the assets and liabilities of a company
  3. 3. ready money
  4. 6. an accounting entry representing an increase in income or capital items or decrease in asset
  5. 9. financial information such as the income statement, balance sheet, and cash flow statements.
  6. 10. a system that gives quantitative information about finances including recording, classifying, summarizing and interpreting of transactions
  7. 12. the debts and other financial obligations of a business
  8. 13. an accounting entry which results in either an increase in assets or a decrease in liabilities.
  9. 14. the temporary decrease in the capital of a business.