Introdution to Accounting

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Across
  1. 2. The inflow of cash resulting from the sale of goods or services.
  2. 4. An example of indirect expense
  3. 6. Sales minus gross profit
  4. 8. Economic resources that are owned by a business and are expected to benefit future operations.
  5. 10. Persons to whom the business owes money
  6. 12. Money or money’s worth withdrawn by the owner from his business for his personal use.
  7. 13. An example of intangible asset
Down
  1. 1. Persons who owe money to the business.
  2. 3. Cost of the goods and services used up in the process of obtaining revenue.
  3. 5. An example of liquid asset
  4. 6. Money (cash) or money’s worth (goods, land, furniture, building, machinery, etc.) introduced by the owner in the business.
  5. 7. An example of current asset
  6. 9. Amount due from a business to others either for money borrowed or for goods or assets purchased on credit.
  7. 11. An example of fixed asset