Income Statement and Balance Sheet

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Across
  1. 2. This is a discount given by me the business to a debtor (customer ) who pays an amount owing earlier than the due date.
  2. 4. Money or other resources put into the business by the owner.
  3. 5. An accounting report that shows the profit/loss made by the business over a period of time
  4. 7. Money taken out of the business by the owner. It will reduce the equity in the business.
  5. 8. An Amount earned from the sale of goods or services.
  6. 9. Income earned from sources other than sales e.g. Interest received on money in a bank account
  7. 11. A customer who owes me(the business)money for good bought on credit.
  8. 12. Total Assets – Total Liabilities
Down
  1. 1. This is a discount given to a debtor(customer ) who pays an amount owing earlier than the due date
  2. 3. Supplier who I(the business)owe money to for goods I bought on credit.
  3. 6. An accounting report that sets out the assets, liabilities and equity of a business on any one day.
  4. 10. A cost incurred to help the business earn income e.g. rent on premises, electricity.